Rock outfit Naalayak drops NFT with FanTiger

A few weeks after launching their first NFT, Punjabi singer Sunanda Sharma’s ‘9-9 Mashukan’, FanTiger has now come out with their second drop. This time, they’ve launched India’s first independent rock NFT, ‘Nusrat’ by Chandigarh band, Naalayak, led by singer and composer Sahil Samuel.

Fans can now invest in India’s first independent rock NFT featuring three tiers – Platinum, Gold and Silver. Plus, there’s royalty income too as ‘Nusrat‘ releases today across social media and music streaming platforms.

Prashan Agarwal, CEO and Co-Founder, FanTiger, said, “We are happy to launch India’s first Indie Rock Music NFT and the second NFT from FanTiger. Our goal is to introduce Music NFTs across various genres, thus benefiting Indian artists and helping the art grow. The launch paves the way for artists to engage with FanTiger and build their own digital collectibles and connect with fans in more engaging ways than one.”

Agarwal expressed his gratitude towards the country’s music fans as well as the web 3.0 community who have embraced and made their first music NFT successful. “To my mind, technology is an irrevocable part of the music industry, and those working in the space have always been the early adopters,” he added. “Post-Covid, artists, especially independent musicians, have been more than eager to find alternate revenue streams, and Music NFTs have perfectly bridged the gap.”

Lead singer and composer, Sahil Samuel said, “I am excited and anxious about the vast possibilities the world of NFTs offer for the artists and the art in general. Artists are all about their fans. I am confident that Music NFTs will revolutionise the way musicians and fans create community and art together. It is a concept of sharing and growing at the same time. Feedback from our fans will help us grow, and at the same time popularity of the song will benefit our fans. It is a change that the industry is going to witness over time.”

Recently, FanTiger raised $5.5 million in a seed round led by Multicoin Capital. In addition to expansion and investment in building their team, FanTiger’s vision is to onboard 10 million fans into the community and spread education and awareness about digital collectibles. It will also roll out initiatives aimed at supercharging the careers of over 100,000 artists using NFTs. The company has been founded by Prashan Agarwal, ex-CEO of Gaana and co-founder of PropTiger; along with Krishna Singh.

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