nft music platform fantiger raises $5.5 million
ETtechNew Delhi: ArtistFirst Technology, which runs music NFT (Non Fungible Token) marketplace FanTiger, on Wednesday raised $5.5 million in a seed round led by Multicoin Capital. The round also saw participation from Krafton, Pravega Ventures, GAMA, Woodstock Fund, IOSG Ventures, Polygon Studios and individuals Sandeep Nailwal (co-founder of Polygon), Gokul Rajaram (board member – Coinbase), Prashant Malik (founder – Tykhe Block Ventures) and Miten Sampat (CRED), according to a release.FanTiger is a music NFT marketplace providing a platform for creating, buying and selling digital collectibles.Founded by Prashan Agarwal, ex-CEO of Gaana and co-founder of PropTiger, and Krishna Singh, FanTiger empowers Independent Artists to build fan communities on the platform and enable fans to help shape their career using music NFTs. Fans can buy music NFTs to get access to an exclusive artist community, earn rewards and privileges like behind the scenes content, backstage access etc. Artists can use the proceeds from the sale of music NFTs for song creation, studio production, music video, etc and also can commit up to a certain percentage of the royalty earned from the song to the fan community for marketing the song.Prashan Agarwal, CEO and co-founder, FanTiger, said, “music NFTs have the ability to disrupt the music industry, much like music streaming transformed music listening. Our vision is to onboard 10 million users to our platform to own digital collectibles.”“The company plans to use the funds raised to grow its team across product, tech, extend industry partnerships and onboard well-known and aspiring Indian artists”, Agarwal added.
“Music is one of the most exciting use cases for NFTs with a very high utility,” said Sandeep Nailwal, co-founder of Polygon and Polygon Studios.

Keyword: NFT music platform FanTiger raises $5.5 million

TECH'S NEWS RELATED

Nobel season is here: 5 things to know about the prizes

A national library employee shows the gold Nobel Prize medal awarded to the late novelist Gabriel Garcia Marquez, in Bogota, Colombia. The beginning of October means Nobel Prize season. That is when committees in Stockholm and Oslo announce the winners of what many consider the most prestigious awards in ...

View more: Nobel season is here: 5 things to know about the prizes

Tesla robot walks, waves, but doesn't show off complex tasks

Tesla Motors, Inc. CEO Elon Musk speaks at the Paris Pantheon Sorbonne University as part of the COP21, United Nations Climate Change Conference in Paris on Dec. 2, 2015. An early prototype of Tesla Inc.’s proposed Optimus humanoid robot slowly and awkwardly walked onto a stage, turned, and waved ...

View more: Tesla robot walks, waves, but doesn't show off complex tasks

Firefly Aerospace reaches orbit with new Alpha rocket

A new aerospace company reached orbit with its second rocket launch and deployed multiple small satellites on Saturday. Firefly Aerospace’s Alpha rocket lifted off from Vandenberg Space Force Base, California, in early morning darkness and arced over the Pacific. “100% mission success,” Firefly tweeted later. A day earlier, an attempt ...

View more: Firefly Aerospace reaches orbit with new Alpha rocket

Powerful earthquake shakes Indonesia's Sumatra, kills 1

Credit: Pixabay/CC0 Public Domain A strong and shallow earthquake shook Indonesia’s Sumatra island on Saturday, killing a resident, injuring 11 and damaging more than a a dozen houses and buildings, police said. The magnitude 5.9 earthquake struck about 40 kilometers (24.8 miles) northeast of Sibolga, a coastal city in ...

View more: Powerful earthquake shakes Indonesia's Sumatra, kills 1

Behind C919: China's path to first self-developed large passenger aircraft

Two C919 aircraft park at the Beijing Capital International Airport, September 13, 2022. /CFP On a field outside the Shanghai Aircraft Manufacturing Center of Commercial Aircraft Corporation of China (COMAC) are two airplanes – a Y-10 jet and an MD-82 jet. They’ve been parked there for over 30 years, ...

View more: Behind C919: China's path to first self-developed large passenger aircraft

iPhone 14 Pro has the best selfie camera on a smartphone, according to DxOMark

(Image Courtesy: Apple) One of the major highlights of the iPhone 14 series is the new and improved front camera, which is equipped with autofocus feature. The addition of a new camera seems to have pay dividends as the iPhone 14 Pro has taken the crown for smartphone with the ...

View more: iPhone 14 Pro has the best selfie camera on a smartphone, according to DxOMark

MediaTek, Invendis join hands for 5G, Wi-Fi router solutions

iStockChip maker MediaTek and Aglobal leader in IoT platforms and cloud computing solutions on Sunday announced a strategic collaboration to roll out 5G and Wi-Fi router solutions.The collaboration will enable a comprehensive portfolio of solutions and significant manufacturing capabilities in India.”We are thrilled to launch our 5G and Wi-Fi routers ...

View more: MediaTek, Invendis join hands for 5G, Wi-Fi router solutions

Google Pixel 7, Pixel 7 Pro pre-orders in India kicks off on October 6

Google has officially announced pre-orders for the Pixel 7 series in India. Google recently confirmed that it would be unveiling the Pixel 7 and Pixel 7 Pro in India soon and now we know that the launch will take place at the same time as the global release. The ...

View more: Google Pixel 7, Pixel 7 Pro pre-orders in India kicks off on October 6

China's Shenzhou-13 taikonauts to conduct second spacewalk on Sunday

Exclusive interview: China's C919 features safety, comfort, efficiency

Samsung launches Galaxy Z Flip 4 in blue in India

Hong Kong start-up archiREEF wants to commercialise 3D-printed tiles, restore corals around the world

India launches 5G services at last

iPhone 6 added to list of vintage products by Apple

People still don't know what metaverse is all about: Tim Cook

Australian government slams Optus for cybersecurity breach

Why It's Important for Your Business to Use Custom Boxes

About a third of cloud users need to learn resiliency lessons from Hurricane Ian

Leak reveals watch bands and watch faces of the upcoming Google Pixel Watch

Sizing up SASE: Logicalis accelerates Asian adoption

OTHER TECH NEWS

;