May 25, 2025
By Staff Writer
ArtistFirst Technology Inc, which runs music NFT marketplace FanTiger, on Wednesday said it has raised $5.5 million in a seed round led by Multicoin Capital.
The round also saw participation from Krafton, Pravega Ventures, GAMA, Woodstock Fund, IOSG Ventures, Polygon Studios and individuals Sandeep Nailwal (Co-founder of Polygon), Gokul Rajaram (Board Member – Coinbase), Prashant Malik (Founder – Tykhe Block Ventures) and Miten Sampat (CRED).
Founded by Prashan Agarwal, ex-CEO of Gaana and co-founder of PropTiger, and Krishna Singh, FanTiger empowers Independent Artists to build fan communities on the platform and enable fans to help shape their career using music NFTs.
Fans can buy music NFTs to get access to an exclusive Artist community, earn rewards and special privileges like exclusive behind the scenes content, meet-n-greet opportunities, backstage access etc. Artists can use the proceeds from the sale of music NFTs for song creation, studio production, music video, etc and also can commit upto a certain percentage of the royalty earned from the song to the fan community for marketing the song.