The NFT market has exploded in 2021 and today brings news of yet another multi-million dollar round of funding to a digital collector’s item 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” seed round.

MBW understands that the platform has raised over $ 5 million. In seed financing.

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 platform OneOf raised $ 63 million in a seed round from prominent tech and music industry veterans.

RCRDSHP’s seed round was supported by NFT collectors Metakovan and Twobadour (via PortKey Technologies) and Dapper Labs.

Metakovan and Twobadour bought the highest-priced NFT in history back in March, a $ 69 million digital artwork created by Beeple and auctioned at Christies.

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

The platform was launched in mid-August with a drop of 5555 “genesis packs” consisting of electronic and dance music digital collectibles.

The release sold out “in a matter of hours,” according to RCRDSHP, with another major release selling “in minutes” the following week.

RCRDSHP’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 are coming.

“The waves of attention and money flowing to NFTs have still not reached the vast majority of artists and creatives.”

Metakovan

Metakovan said: “The waves of attention and money flowing to NFTs have still not reached the vast majority of artists and creatives.

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

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

“Through their creativity and market knowledge, what we see very clearly is a visionary leadership team of senior music and tech leaders at the top of their fields and passion for miles.”

“We are 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 Chief Commercial Officer of RCRDSHP and parent company LTMP, said: “The support of such high-profile and knowledgeable investors validates our model and confirms that our approach to digital collectibles and electronic music culture is ready to skyrocket.

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