NFT
Music streaming Spotify is testing a brand new service known as “token-enabled playlists,” which permits holders of non-fungible tokens (NFTs) to attach their wallets and hearken to curated music.
At present, the service is obtainable to token holders throughout the Fluf, Moonbirds, Kingship and Overlord communities. The curated playlists shall be actively up to date throughout the three-month testing interval and might solely be accessed by neighborhood members through a novel hyperlink.
Web3 gaming and media universe Overlord tweeted on Wednesday that holders of its lizard-themed Creepz NFT venture can join their Web3 pockets on Spotify to entry the venture’s community-curated “Invasion” playlist.
Overlord tweeted that the pilot is presently solely out there for Android customers within the U.S., U.Okay., Germany, Australia and New Zealand.
Spotify appeared to verify the small print in tweet reply.
Common Music Group’s NFT band KINGSHIP additionally shared that it had created a token-gated playlist for NFT holders that includes Queen, Missy Eliott, Snoop Dogg and Led Zeppelin.
Lead developer for NFT liquidity protocol NFTX Apoorv Lathey tweeted a screenshot from the pilot, exhibiting step-by-step entry KINGSHIP’s curated playlist on Spotify.
In response to the screenshot, NFT holders can hook up with their Metamask, Belief Pockets, Rainbow, Ledger Dwell or Zerion wallets.
A spokesperson for Spotify instructed CoinDesk that it “routinely conducts a lot of checks in an effort to enhance our consumer expertise.”
“A few of these find yourself paving the trail for our broader consumer expertise and others serve solely as necessary learnings,” the spokesperson mentioned.
Spotify didn’t present further particulars on plans to roll out the function extra broadly sooner or later.
The worldwide streaming platform, which has over 489 million customers, has beforehand experimented with integrating NFTs into its service. In Might 2022, Spotify allowed a choose group of artists, together with Steve Aoki and The Wombats, to advertise NFTs on their profiles.
In the meantime, a lot of Web3 music platforms have cropped as much as decentralize the music listening expertise. Audius, for instance, is a crypto-linked streaming service that enables customers to earn AUDIO token rewards for interacting with its app whereas Royal and anotherblock enable creators to promote music royalties as fractionalized NFTs.