That opens up a whole new range of opportunities like selling advanced collections or utilizing NFTs to open advantages at gigs, from product to behind-the-stage passes.įor example, Musicians, such as rapper Snoop Dogg and DJ Steve Aoki have effectively become noticeable NFT authorities, while Kings of Leon and Grimes have sold NFTs of their music.Įven Warner and Universal have several NFT projects in their kitty, including a virtual band highlighting characters from the Bored Ape Yacht Club.Anthony Hopkins, Johnny Depp and Spotify all make Metaverse moves in this Thursday edition of the Non-Fungible News. Of late, the already crowded NFT market has shown signs of deceleration, several in the crypto business have tipped music as a breakout new application for NFTs this year. In March, Spotify announced plans to add blockchain innovation and non-fungible tokens to its web-based feature. Will Spotify propel Music to become the next breakout NFT application? We’ll work with artists to create more opportunities like this in the months ahead,” it added.
“ Spotify’s portion of those sales will go directly back to the artists themselves.
“Through the Island, we’re creating an easy opportunity for artists to connect with fans and to partner with Spotify on the creation of in-game virtual merchandise,” said the statement.
It will also provide exclusive content, artist interactions, and themed ‘mini-quests’. “Players can also enjoy an immersive audio experience by creating music and exploring sounds at the virtual beat-maker stations powered by Soundtrap.”įrom the main Spotify Island, gamers will be able to connect to themed islands that will come to life throughout the year. “Roblox users can mingle with artists, complete interactive quests, and unlock exclusive content,” it read.
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