Spotify Begins Testing NFT Galleries on Artist Pages

Music streaming big Spotify is testing a brand new characteristic on its artist profile pages, which showcases non-fungible token (NFT) collections and permits artists to advertise NFTs they personal on their profile pages. For now, solely a handful of Android customers within the US can take a look at the brand new characteristic and from what we all know, the app shows an NFT gallery on a few of the prime artists concerned within the NFT house, together with DJ, document producer, and music programmer Steve Aoki and English indie rock band The Wombats.

Artists can promote their third-party NFT choices within the gallery, which is positioned simply after the tune record on the artist’s web page. The NFTs pictured within the gallery will be enlarged by tapping on them, which additionally brings up a ‘See Extra’ possibility that takes the consumer to the NFT’s itemizing on NFT platform OpenSea. It’s value noting that Spotify is at present not taking a fee for gross sales that will outcome from the gallery characteristic.

In a assertion to Music Ally, Spotify stated, “Spotify is operating a check through which it’ll assist a small group of artists promote their present third-party NFT choices by way of their artist profiles. We routinely conduct a lot of assessments in an effort to enhance artist and fan experiences. A few of these assessments find yourself paving the best way for a broader expertise and others serve solely as an vital studying.”

The streaming big is reportedly trying to broaden into Net 3 choices itself, in keeping with experiences earlier this yr in February. Spotify is trying to rent a senior-level engineer to work with upcoming applied sciences like Net 3. The appointee might be part of Spotify’s experimental development group. One of many main focus areas of the chosen candidate might be to make use of Net 3 parts and map out the following massive step for the music streaming big.

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“You’ll work facilitate collaboration with product, insights, and design to uncover the following development alternative leveraging new applied sciences, like Net 3,” Spotify’s LinkedIn job submit learn on the time.

As an increasing number of corporations attempt to catch the NFT wave, it appears to be like like that preliminary surge has been watered down for now. In accordance with The Wall Road Journal, day by day NFT gross sales have dipped 92 p.c from 225,000 in September of final yr to simply 19,000 as of Might 3. The variety of lively NFT wallets can also be on the decline, from about 119,000 in November to 14,000 in direction of the tip of April.

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