Sunanda Sharma becomes the first Punjabi singer in the world to release a song under the name NFT

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  • Sunanda Sharma, Punjabi singer and actress released her song ‘9-9 Mashukan’ as NFT.
  • Fans can buy partial ownership of the song and interact with the singer.
  • Globally, the NFT music market is expected to reach over $42 billion by 2032.

FanTigerone of India’s NFT Music Markets, launched their first NFT music with Punjabi singer and actress, Sunanda Sharmamaking her the first Punjabi singer in the world to release a song as NFT on Friday.

According to a report by Decipher the marketGlobal NFT Music Market was estimated at USD 1.24 Billion in 2021 and is projected to reach a market value of USD 42 Billion by 2032, growing at a CAGR of 27.52%.

Sunanda, the 30-year-old artist, has opened the waitlist for his new song, “9-9 Mashukan”, for fans to book their place on FanTiger.com to invest in his NFT music. This allows fans to purchase partial ownership of the song, gain royalties, exclusive community access, limited-edition signed merchandise, and an opportunity to personally interact with the artist.

Every NFT music purchased through FanTiger is secured on a blockchain, making it safe and free from plagiarism, the company claims.

Prashan Agarwal, former CEO of Gaana and co-founder of FanTiger said, “Sunanda is paving the way to enter the world of bringing music closer to fans around the world and living up to its title of ‘patron lady‘ given by his fans.

While launching his first Music NFT, Sunanda Sharma said, “NFTs are a game-changing technology that has the potential to create a powerful impact on the Indian music industry. I’ve always been fascinated by the concept of NFTs, and now being able to sell mine is like a dream come true.

The announcement comes shortly after FanTiger’s recent $5.5 million seed round led by Multicoin Capital in May. The company plans to use the funds raised to grow its team across products, technology, establish industry partnerships, and onboard more well-known and aspiring Indian artists.

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