FanTiger, a New Delhi, India-based provider of a music NFT marketplace, raised $5.5M in funding.
The round was led by Multicoin Capital, with participation from Krafton, Pravega, GAMA, Woodstock, IOSG, Polygon Studios, Sandeep Nailwal, Gokul Rajaram, Prashant Malik and Miten Sampat.
The company intends to use the funds to accelerate growth and expand operations.
Led by Prashan Agarwal, and Krishna Singh, FanTiger provides independent artists with a platform to shape their career using music NFTs and build fan communities. Fans can buy music NFTs to get access to an exclusive Artist community, earn rewards and special privileges like exclusive content, meet-n-greet opportunities, backstage access, etc. Artists can use the proceeds from the sale of music NFTs for song creation, production, video and also can commit up to a certain percentage of the royalty from the song to the fan community for marketing the song.
Ahead of the official launch, the company has opened an Early Access program for music fans on www.fantiger.com. The early access waitlist gives its most eager fans a chance to get exclusive benefits like priority access to music NFTs, OG title, limited-edition merchandise, etc., and a jaw-dropping 5,000 free NFTs.
Prashan, an alumnus of IIT Kanpur and ISB Hyderabad, was most recently the CEO of Gaana, India’s largest music streaming service. Krishna Singh is a Computer Science Engineer from IIT Kanpur and brings 17+ years of experience heading technology for various organizations.
FinSMEs
27/05/2022
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