Sunanda Sharma, a Punjabi singer and actress, became the first female Punjabi musician in history to release a song as an NFT when FanTiger, one of India’s music NFT marketplaces, issued its debut music NFT on Friday.
The global music NFT market was expected to be worth $1.24 billion in 2021 and is anticipated to develop at a CAGR of 27.52 percent to reach a market value of $42 billion by 2032.
The 30-year-old musician Sunanda has made the waitlist for her new song, “9-9 Mashukan,” available for fans to reserve a seat on FanTiger.com and contribute to her NFT. This gives listeners the chance to buy a portion of the song’s rights, earn royalties, gain access to a private community, obtain limited-edition signed items, and meet the musician in person.