NFTs News

Spotify Is Trying Out Music Playlists With Token Support

Key Points:

  • Playing music Spotify is now testing a brand-new feature dubbed “token-enabled playlists” that enables owners of non-fungible tokens (NFTs) to link their wallets and access specially selected music.
  • According to a tweet from Overlord, only Android users in the United States, United Kingdom, Germany, Australia, and New Zealand can presently access the trial.
  • Apoorv Lathey, the lead developer for the NFT liquidity protocol NFTX, posted a screenshot from the pilot that demonstrated how to get the tailored playlist for KINGSHIP on Spotify step-by-step.
Playing music Spotify is now testing a brand-new feature dubbed “token-enabled playlists” that enables owners of non-fungible tokens (NFTs) to link their wallets and access specially selected music.

The service is now accessible to token owners in the Fluf, Moonbirds, Kingship, and Overlord communities. During the three-month testing period, the selected playlists will be regularly updated and accessible only to community members via a special link.

The lizard-themed Creepz NFT project’s holders can connect their Web3 wallet to Spotify to access the project’s community-curated “Invasion” playlist, according to a tweet from Web3 gaming and media universe Overlord on Wednesday.

According to a tweet from Overlord, only Android users in the United States, United Kingdom, Germany, Australia, and New Zealand can presently access the trial.

In a tweet reply, Spotify seemed to confirm the information.

The NFT band KINGSHIP from Universal Music Group also revealed that it has produced a token-gated playlist for NFT holders that included songs by Led Zeppelin, Queen, Missy Eliott, Snoop Dogg, and Missy Eliott.

Apoorv Lathey, the lead developer for the NFT liquidity protocol NFTX, posted a screenshot from the pilot that demonstrated how to get the tailored playlist for KINGSHIP on Spotify step-by-step.

Apoorv Lathey, the lead developer for the NFT liquidity protocol NFTX, posted a screenshot from the pilot that demonstrated how to get the tailored playlist for KINGSHIP on Spotify step-by-step.

According to the screenshot, NFT holders can connect to their Metamask, Trust Wallet, Rainbow, Ledger Live or Zerion wallets.

On future plans to expand the feature’s availability, Spotify did not offer any other information.

The over 489 million user global streaming network has tried incorporating NFTs into its service in the past. The Wombats and Steve Aoki were among the musicians who were given permission by Spotify in May 2022 to advertise NFTs on their accounts.

To decentralize the music-listening experience, a variety of Web3 music services have emerged. Although Royal and anotherblock enable producers to sell music royalties as fractionalized NFTs, Audius, a crypto-linked streaming service, allows customers to receive AUDIO token rewards for using its app.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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