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# NFT marketplace FanTiger secures $5.5 million to boost music production in India
- URL: https://www.techloy.com/nft-marketplace-fantiger-secures-5-5-million-to-boost-music-production-in-india/
- Published: 2022-05-26T07:48:23.000Z
- Updated: 2022-12-08T01:00:43.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Tech in India, / Entertainment

[FanTiger,](https://www.fantiger.com/) 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.