July 2, 2022

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Music Streaming App Spotify Experiments With Musician NFT Galleries

2 min read

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Important Details

  • Spotify is testing a way for artists to display screen their NFT collections
  • Far more and additional corporations are striving to catch up with the NFT wave
  • Spotify will not acquire a commission for any NFT sales built via the app

Songs streaming system Spotify is experimenting with a way for artists to display their NFT (non-fungible tokens) collections. The system has reportedly rolled out the check for some people on Android in the U.S. and currently includes NFT previews for artists like Steve Aoki and The Wombats.

“Spotify is running a check in which it will support a little team of artists to promote their current 3rd-occasion NFT offerings through their artist profiles,” a Spotify spokesperson explained in a statement to Music Ally on March 13. 

“We routinely conduct a number of assessments in an work to boost artist and enthusiast activities. Some of all those assessments finish up paving the way for a broader encounter and some others serve only as an critical discovering.”

Once the Spotify application is up-to-date, buyers can obtain the test and view NFT galleries from find artists’ profiles. People are also directed to the OpenSea webpage wherever they can acquire the NFTs from. 

Spotify doesn’t seem to be to help NFTs that are films or GIFs but only reveals a static impression of the NFT in the application, not the full online video or audio. 

According to Music Ally, Spotify will not obtain a fee for any NFT revenue produced via the app and is just tests the integration.

In March, rumors about Spotify coming into the World-wide-web3 place surfaced soon after the company posted two position listings similar to blockchain engineering and NFTs. Illustration shows Broken Ethernet cable, Russian flag and Spotify logo Broken Ethernet cable is witnessed in front of Russian flag and Spotify logo in this illustration taken March 11, 2022. Photo: Reuters / DADO RUVIC

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