Dapper Labs Raises $5M for Music NFT Platform
Full article by Eli Tan found here.
Key Points:
RCRDSHP, a digital collectible platform for music, completed its first round of investments led by Dapper Labs and notable NFT collectors Metakovan and Twobadour.
The initial round of investments raised over $5 million dollars.
The RCRDSHP marketplace will operate on the Dapper Lab’s Flow blockchain, which already hosts the NBA Top Shot NFT collection.
RCRDSHP has announced plans to release packs of collectibles that will “encapsulate a unique aspect of an artist, label, or festival’s musical world.”
The most recent pack released by RCRDSHP featured a combination of artist portraits and digital artwork. The 8,888 pack collection sold out in eight minutes.