Steve Aoki and The Wombats are among those who are currently betting on this.Īt the moment the platform shows all tokens as static images, even if they are video or GIFs, and there is no sound if they have it, something that contrasts with Spotify being a music site, so to see the media properly you have to access OpenSea. The NFT catalogue can be found after the artists’ track listings, once you enter the section, it shows a collection of NFTs that you can scroll through.įrom the app you can also see a brief description of the token, an enlarged version next to the “See more” button, where you are redirected to OpenSea’s NFT trading site to purchase. Spotify is planning to add non-fungible tokens (NFTs) and blockchain tech.
The feature is available to a select group of US users. ‘Listening is everything’ is the motto of this audio streamer. These inputs allow quite everything at the Spotify headquarters. They know patterns that you listen to music too, they know every input needed to suggest the next song. The platform has confirmed a new feature that allows artists to promote and sell their own NFTs in the same app. Listening is everything - Spotify’s motto Spotify is high on artificial intelligence and machine learning. The vast majority of the $17.7bn worth of NFTs traded last year were for visual artworks, games and collectibles, according to market tracker is developing plans to add blockchain technology and alternative non-existent tokens to its streaming service. NFTs use blockchain technology to certify ownership of digital assets. Other social media companies, including Twitter and Reddit, are also working to build new features for displaying or trading NFTs. MaBy Theonlymajed The streaming platform Spotify is planning to join the Web3 space.
The music streaming platform has rolled out the test for some users on. This week, Facebook founder Mark Zuckerberg confirmed a Financial Times report earlier this year that Instagram would soon start to support NFTs. Spotify is testing a way for artists to display their non-fungible token (NFT) collections, as first reported by Music Ally. Spotify is the latest tech giant to venture into NFTs and head off potential competition from crypto start-ups. Financial Times: Two recent job ads show Spotify is recruiting people to work on early stage projects related to "Web3," a tech buzzword for a blockchain-powered network that some crypto enthusiasts hope will wrestle control back from the Big Tech platforms that dominate today's internet. Spotify is drawing up plans to add blockchain technology and non-fungible tokens to its streaming service, fuelling excitement in the crypto and music industries about the potential of NFTs to boost artists' earnings.
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