FanTiger, India’s first music NFT platform, has logged over 50,000 transactions in the previous 30 days, making it the first music NFT platform to accomplish this achievement.
FanTiger now ranks among the top five NFT projects in the world, according to the Top NFT projects posted and rated on OpenSea, the world’s biggest NFT marketplace.
During the last quarter, FanTiger has been on a roll with new music NFTs, which has helped it reach this milestone.
The active engagement of artists and fans across social platforms and communities is assisting in the formulation of unique insights, allowing for the development of music that is wanted by fans.
Music NFTs are gaining traction in India as the link between artists, fans, and other stakeholders becomes digital.
According to Prashan Agarwal, FanTiger’s Chief Executive Officer and Co-Founder, it is inspiring to see how FanTiger is driving the movement to empower independent artists and create the music NFT ecosystem in India.
“We have been working at the bottom of the pyramid, creating a solid foundation to assure the creation of a reliable, transparent, and value-driven platform.” It is intended to address all stakeholders,” he continued.
Music NFTs allow fans and investors to purchase partial ownership of songs, share royalty income, gain access to an exclusive community, and purchase limited edition signed merchandise while interacting with artists.
FanTiger’s goal is to sign up 10 million fans and educate and raise awareness about digital collectibles. It will also launch projects targeted at boosting the careers of over 100,000