The NFT market exploded in 2021 and today announces yet another multi-million dollar funding round for a digital collectibles platform.

RCRDSHP, an NFT platform for electronic music, has closed its first round of investment, which the platform reports to be a “multi-million dollar” round.

MBW understands that the platform has raised more than $ 5 million in seed funding.

Last month, San Francisco-based NFT platform MakersPlace raised $ 30 million in a Series A round led by Bessemer Venture Partners and Pantera Capital.

In May, the NFT OneOf platform raised $ 63 million in a fundraising round from prominent tech and music industry veterans.

The RCRDSHP round table was supported by collectors NFT Metakovan and Twobadour (via PortKey Technologies) and Dapper Labs.

Metakovan and Twobadour bought the most expensive NFT in history in March, a $ 69 million digital artwork created by Beeple and auctioned off at Christies.

According to a press release, each limited edition RCRDSHP collectible, built on the Flow blockchain, “encapsulates a unique aspect of the musical worlds of an artist, label or festival.”

The platform launched in mid-August with a drop of 5,555 “Genesis Packs,” consisting of electronic music and dance digital collectibles.

The release sold out “in a matter of hours,” according to the RCRDSHP, with a second larger version sold out “in minutes” the following week.

CNRDSHP’s music and content partners included Aneesh Gera, Ashley Wallbridge, Bar25, Black Hole Recordings, Blanco Y Negro, Blacksoul Music, Christian Barbuto, Circus Recordings, CloudKid, Dexter King, Dino Maggiorana, Disco Fries, D-Nox & Beckers, D- Unity / Unity Records, Great Wall Festival, HQ Recordings, Iboga Records, Kaiserdisco, Kaiser Souzai / Ballroom Records.

Other partners include Kittball Records, Liquicity, MIKE Push, Magic Music, Mark Knight / Toolroom Records, Mason, Mauro Picotto, Music Over Matter, Minimal Audio, Mobilee Records, Nakadia, Natura Viva Records, Plastik Funk, Robert Babicz, Rob Hes / Pursuit Recordings, RSSRCT, Scott Diaz, Sharam Jey / Bunnytiger Records, Solarstone / Pure Trance, Stefano Noferini / Deeperfect Records, Strange Fruits, TheFatRat, The Scumfrog, Tidy Trax, Transmission Festival, Tribal Trap Records, Vassy, ​​Vision Impossible , Wookie, and many more to come.

“The waves of attention and money that are pouring into NFTs still haven’t reached the vast majority of artists and creatives.”

Metakovan

Metakovan said, “The waves of attention and money pouring into NFTs still haven’t reached the vast majority of artists and creatives.

“A platform like RCRDSHP promises to change the balance and allow more creators to benefit from digital collectibles.”

“RCRDSHP takes NFTs and brings them to a much larger audience by creating a platform that is listening to what matters to music communities. “

Roham Gharegozlou, Dapper Labs

Roham Gharegozlou, CEO of Dapper Labs, said, “RCRDSHP takes NFTs and brings them to a much larger audience by creating a platform that is tuned in to what matters to music communities.

“With their creativity and market knowledge, what we see very clearly is a visionary leadership team of senior music and technology executives at the top of their fields and passionate about miles.”

“We’re excited to launch our vision and create a space where creators can finally reap well-deserved rewards for their work. “

Eric Reithler-Barros, RCRDSHP

Eric Reithler-Barros, Co-Founder and Commercial Director of RCRDSHP and parent company LTMP, said: “The support of such prestigious and knowledgeable investors validates our model and affirms that our approach to digital collectibles and culture electronic music soar.

“We’re excited to launch our vision and create a space where creators can finally reap well-deserved rewards for their work. “

Music trade around the world