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Music NFT Marketplace FanTiger Raises $5.5 Million

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Music NFT Marketplace FanTiger Raises $5.5 Million
28 May 2022
6 min read

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News Synopsis

FanTiger, an NFT marketplace operated by ArtistFirst Technology Inc, announced on Thursday that it has raised $5.4 million in a seed funding round led by Multicon Capital. The funding also included Krafton, Pravega Ventures, GAMA, Woodstock Fund, IOSG Ventures, Polygon Studios, Sandeep Nailwal, Gokul Rajaram, Prashant Malik, and Miten Sampat.

FanTiger was founded by Prashan Agarwal and Krishna Singh, former CEO of Gaana and co-founders of PropTiger respectively. FanTiger enables independent artists to build a fan community on the platform and allows fans to build their careers through music NFTs.

This helps fans buy music NFTs to gain access to the artist community, rewards, and special privileges such as exclusive behind-the-scenes content, encounter opportunities, and backstage access.

Artists can use the proceeds from selling music NFTs for songwriting, studio production, music videos, and more. users can also commit a certain percentage of the loyalty you earn from a song to your fan base for marketing the song. The early access waiting list gives fans access to special benefits such as music NFTs, OG titles, limited-edition merchandise, and priority access to launches such as access to music concerts.

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