NFT marketplace FanTiger secures $5.5 million to boost music production in India

FanTiger, a music non-fungible token (NFT) marketplace run by ArtistFirst Technology has secured $5.5 million in its seed funding round to support music artists and music production in India.

• The raised funds will be used to build out its products, develop its tech team, improve its industry partnerships, and onboard aspiring artists.
• FanTiger is a music-focused NFT platform for creating, buying, and selling digital collectibles.
• The platform supports independent artists by allowing for the sale of music NFTs, growing of fanbase, and use of NFT proceeds for song creation, studio production and, music video making.
• The round was led by Multicoin Capital, with participation from Krafton, Pravega Ventures, GAMA, Woodstock Fund, IOSG Ventures, Polygon Studios, and individual investors.