The HBAR Foundation has announced a partnership with A.R. Rahman, to create content for a new NFT music platform focused on India’s independent music community.
The HBAR Foundation is providing a grant and organisational support for development and growth of the NFT platform, scheduled to launch in the first quarter of 2022.
As part of the launch, Indian composer and music producer, A.R. Rahman will release his first-ever NFT drop, with portions of the proceeds going to charity. In Hollywood, Rahman is best known for his Oscar-winning Slumdog Millionaire soundtrack, and has also won two Grammy Awards and a Golden Globe.
“We’re excited to partner with HBAR Foundation to create content, as well as support and mentor the new NFT platform, which in turn will bring more opportunities to the Indian music community,” said Rahman. “The new platform will enable independent musical artists to release content as NFTs, interact with fans, engage with their communities and help monetise their creations.”
Among a growing number of organisations, Hedera Hashgraph has been selected for NFT offerings, as Hedera has the industry’s most decentralised and transparent governance model, led by the Hedera Governing Council, ensuring reliability of the network. Furthermore, Hedera offers 10,000 transactions per second, boasts low and predictable transaction fees, real-time settlement, and sustainable energy consumption due to its eco-friendly proof-of-stake consensus.
“The HBAR Foundation is proud to support innovative projects across the globe, and our strategic partnership with A.R. Rahman provides tremendous value to the HBAR ecosystem with its focus on the large and vibrant music community in India,” said Shayne Higdon, Executive Director & CEO at the HBAR Foundation.
“We are excited to be a part of this maiden journey of AR Rahman into the world of NFTs and it is an important step reflecting our commitment to build the blockchain ecosystem in India. This partnership reiterates our mission to collaborate with the best and expand the ecosystem in the region,” mentioned Vignesh Raja, Director – Business Development (Middle East and South Asia), HBAR Foundation.
Recently, Rahman made his foray into filmmaking with two projects – ’99 Songs,’ a film he’s produced and co-written and ‘Le Musk,’ a virtual reality movie, which marks his directorial debut. He recently co-founded the Firdaus Orchestra, an all-women ensemble comprising talent from the Arab world, and he’s working on a musical with BAFTA Award-winning filmmaker Shekhar Kapur for the world’s largest projection dome, the Al Wasl.
