Rapper Raftaar accepts Cryptocurrency as Performance Fees, becomes the First Indian Artist to do this

Rapper Raftaar accepts Cryptocurrency as Performance Fees, becomes the First Indian Artist to do this

Raftaar - Indian Rapper

Indian Rapper Dilin Nair, a.k.a Raftaar, has accepted payment in cryptocurrency for his upcoming virtual performance. The performance is scheduled for the second week of July. The boutique 60-minute event will be hosted in Canada, Ottawa for a private gathering of 100 people. Raftaar became the first Indian artist to do so.

Raftaar said, “I’ve always been an ardent admirer of blockchain technology. I’ve always wondered why artistes and managers alike haven’t explored the potential of this disruptive medium. Nevertheless, I’ve finally taken the baby steps in this direction and all the credit goes to my manager, Ankit Khanna for making this dream a reality for me.”

The rapper’s longtime business partner and manager Ankit Khanna has been instrumental in the cryptocurrency transaction. Ankit shared: “In my opinion, music will be one of the first industries to be completely and thoroughly disrupted through the blockchain. The artist can now go directly to the public in every single way without the need of middlemen. Blockchain has the potential to expedite a seamless experience for anyone involved with generating or interacting with music. I’m happy to welcome this new transactional paradigm with my longtime business associate Raftaar who truly is a pioneering voice of this new generation.”

Raftaar and Ankit Khanna are the co-founders of Indian Hip Hop music label Kalamkaar.

Earlier Indian EDM star, Nucleya, sold ‘The Nucleya Drop’ as NFT, appreciating the blockchain technology behind the same.

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