Encryptus Partners With Azadi Records On NFT Exploration

Encryptus partners with Azadi Records, a renowned record company, in order to explore the NFT ecosystem together.

Encryptus has established a partnership with renowned record company Azadi Records. Both parties would be able to investigate NFT utilization and create new use cases thanks to this collaboration. They also pledged to provide cryptocurrency aficionados with new goods and services.

Encryptus Partners With Azadi Records On NFT Exploration

Institutional investors are still pouring money into the cryptocurrency industry despite the dismal environment. The last week saw reasonable trading volumes on Encryptus, a platform that is authorized to trade institutional bitcoin assets.

In the interim, the business is prepared to step up its game and will collaborate with South Asian record label Azadi Records. Both businesses will examine the NFT ecosystem through their collaboration.

Additionally, they will create fresh NFT use cases that will provide holders exclusive access to exclusive goods, VIP tour tickets, premium content, and more.

Many financial institutions, like Fidelity, are maintaining a long-term strategy in the meanwhile. They do, however, want to increase their cryptocurrency-related investments and operations.

These organizations are making investments in the cryptocurrency sector in a number of different ways. One of them is accounting for them and expanding their brand activities into the metaverse.

Institutional investors Have An Interest In NFTs

Following the 2020 NFT boom, institutional investors flocked to the NFT sector in great numbers. Many people have high hopes for NFTs’ many applications, which include the metaverse.

Encryptus’s creator and CEO, Shantnoo Saxsena, stated:

“Despite the current weak crypto market, institutional support for cryptocurrencies is still robust. Encryptus is glad to among the key players engineering the corporate adoption of crypto.”

The CEO claims that this institutional investment will entice current investors who were contemplating leaving the bitcoin market. It is hardly unexpected that multiple corporations are interested given how significantly NFTs have increased.

For this amazing excursion into the NFT universe, Encryptus teamed up with Azadi Records, a tiny record label keen to provide South Asian musicians a platform on which to freely express themselves.

More Fan Engagement With Artists In India

More applications for NFTs in India would be made possible by the company’s relationship with Azadi, according to Shantnoo. The company is ready to abide by national crypto regulations in the interim.

NFTs and their applications will create additional opportunities for interaction between artists and followers, enhancing their relationship. In addition, NFTs is being introduced on a national tour by Azadi Records artist Seedhe Maut in association with LBank and Encryptus.

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