RCRDSHP, the digital collectibles platform for electronic music, has closed its first investment round, worth $5 million, supported by innovators and investors in the NFT/digital collectibles space, including NFT collectors Metakovan and Twobadour (via PortKey Technologies), and Dapper Labs.

Roham Gharegozlou, CEO of Dapper Labs, said RCRDSHP (pronounced “record shop”), “takes NFTs and brings them to a much broader audience by creating a platform that’s tuned in to what matters to music communities.”

The platform said the hybrid funding round has generated “millions in capital to fuel the ever-growing ecosystems on the platform.”

Introduce NFTs to a wider crowd

Metakovan said a platform like RCRDSHP “promises to shift the balance and let more creators benefit from digital collectibles.” The collectibles are conceived as limited-editions, built on Flow blockchain, and focusing on a unique aspect of an artist, label, or festival’s musical worlds.

Princing point svary according to the sizes and rarity levels of the collectibles. RCRDSHP added that many collectibles are available “at affordable prices accessible to an overwhelming majority of dance music fans.”

RCRDSHP’s Genesis packs
The platform launched in mid-August with a drop of 5555 genesis packs, which sold in a matter of hours. After its first drop, RCRDSHP opened its secondary marketplace to a fans looking to complete their own collectibles sets. “We saw electronic music fans getting into NFTs, and NFT collectors discovering new music they loved,” notes RCRDSHP Chief Of Staff Crispin Taylor.