Rapper Raftaar has declared that he will accept cryptocurrency instead of actual currency as a performance fee. He became the first ever Indian artist who did this. Raftaar further said to IANS that,
“I’ve always been an ardent admirer of blockchain technology. I’ve always wondered why artists 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 virtual performance for which Raftaar accepted cryptocurrency is planned for the second week of July. The boutique 60-minute event will be hosted in Canada, Ottawa for a private gathering of 100 people.
Further, the rapper’s longtime business partner and manager Ankit Khanna has been instrumental in the cryptocurrency transaction. He 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.”
Meanwhile, Raftaar is a songwriter, music producer, rapper, dancer and was a judge at Reality show.
About cryptocurrency, then it is a digital currency that has already gained the authorization of global artists like 50 Cent, Mariah Carey, G-Eazy, Sia, Fall Out Boy, the Backstreet Boys and Lana Del Rey among others.
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