Mumbai: Rapper Raftaar has become the first Indian artist to accept cryptocurrency instead of real currency as Performance fees for a Live Show. After said, "I have always been a fan of blockchain technology. I have always wondered why artists and managers alike have not yet explored the potential of this disruptive medium. All credit to my manager Ankit Khanna for making this dream come true for me."
Raftaar has taken crypto for the virtual show, which is scheduled for the second week of July. This boutique 60-minute event will be held for a private gathering of 100 people in Ottawa, Canada. The rapper's longtime business partner and manager Ankit Khanna has been instrumental in cryptocurrency transactions.
Ankit explained that "Music in my opinion will be one of the first industries to be completely disrupted through Blockchain. Artists can now go directly to the public in every way without the need for intermediaries. Blockchain has the potential for music. It is meant to accelerate a seamless experience for anyone who builds or interacts with it. I am delighted to welcome this new transaction paradigm along with my longtime business associate Raftaar who will truly be a part of this new generation leading voice."
Meanwhile, cryptocurrency and blockchain technology has already won the approval of global artists such as 50 Cent, Mariah Carey, G-Eazy, Sia, Fall Out Boy, Backstreet Boys and Lana Del Rey.
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