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Dapper Labs Leads $5M-Plus Seed Funding Round for Music NFT Platform RCRDSHP

The platform is bringing electronic music-inspired NFTs and collectibles to the Flow blockchain.

By Eli Tan
AccessTimeIconSep 16, 2021 at 12:00 p.m. UTC
Updated May 11, 2023 at 5:48 p.m. UTC
Dapper Labs CEO Roham Gharegozlou

Dapper Labs CEO Roham Gharegozlou

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RCRDSHP, a digital collectibles platform for electronic music, closed a seed investment round that led by Dapper Labs and notable non-fungible token (NFT) collectors Metakovan and Twobadour, the company announced Thursday.

The platform raised over $5 million, a representative told CoinDesk.

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    • The marketplace will run on Dapper Labs’ Flow blockchain, which is known for hosting the popular NBA Top Shot series of digital collectibles. In June, Dapper Labs CEO Roham Gharegozlou was among several people who invested in a $4 million seed round for NFT marketplace NFT Genius to get the music-themed marketplace onto the Flow blockchain.

    RCRDSHP plans to release packs of collectibles that will “encapsulate a unique aspect of an artist, label or festival’s musical worlds” and prioritize affordability, the company said in a press release.

    The latest pack released by RCRDSHP featured a combination of artist portraits and digital artwork. The 8,888 packs that were included in the release sold out in less than eight minutes.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Eli Tan
    Eli Tan

    Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

    Follow @elitanjourno on Twitter

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