Eminem & Dr.Dre Music Producer Frank Nitty Unveils New $6M Hedera Project AllinCrypto April 4, 2025
Hip-hop producer Frank Nitty has unveiled that an NDA for a $6 million budget project has been signed, coming to the Hedera Hashgraph network.
Producer of Eminem and Dr.Dre’s music, Nitty hinted at a one-stop shop coming to web3 via Hedera. Investors believe the project could also have something to do with Tune.FM, a Hedera-based music platform.
The new venture comes as Hedera and the HBAR Foundation push for greater decentralized applications and usage with ElizaOS recently releasing an HBAR plugin for AI agent development.
Eminem & Dr.Dre producer Frank Nitty announces $6M Hedera project
On Twitter and LinkedIn, music producer Frank Nitty told the world that a project with a $6 million budget had been approved with an NDA.
Related to the music industry, Hedera’s Tune.FM recently made a deal with Hip-hop artist Snoop Dog, to release his catalog on the web3-based music platform, competing with Spotify and other streaming apps.
According to Nitty, the upcoming project will be “the ultimate 1 stop shop” in web3 and has been in development for some time. The producer shouted out Lionsgate Games and Hedera in the post.
With things being kept under wraps, there is not much else known about the project other than Nitty’s most recent posts and a few Twitter/X posts in the build-up to the NDA.
On April 3, Nitty posted on a web3 Twitter/X account hinting that the project may be related to music streaming, similar to Tune.FM stating:
Yessssss 4cent a Stream is possible ???? soon we will allign with all platforms giving the most to the culture like it should be….#Tagg a few blockchain companies that actually care….& Keep watchN
Tune.FM currently has one of the highest payouts for music streams to artists in the streaming industry, offering $0.04 per stream “10-100x more than Spotify”, according to Tune.FM.
It’s clear that Nitty is referring to Tune.FM and their current $0.04 per stream revenue model. Already, the platform has made connections with Snoop Dog, with the artist committed to bringing his discography onto the platform.
HBAR DeFi push with ElizaOS and more
Hedera’s push with decentralized finance comes after commitments made in late 2024 to onboard DeFi users and platforms onto Hedera Hashgraph throughout 2025.
The HBAR Foundation has received funding from the Hedera Council to help fund DeFi projects and onboard users.
Most recently, ElizaOS, a leading open-source AI agent development platform, unveiled their latest Hedera Eliza plugin, which brings new functionality to the Hedera network for AI agent capabilities.
It seems Hedera DeFi is set to rise throughout 2025 as the network pushes onboarding efforts to increase its decentralized efforts.
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