The most important name in the online music market Spotify, for artists today NFT to conduct a test based started.
By far the leader of the online music market Spotify, first launched this test with only certain artists and US-based. The company in the new era allows artists to showcase their NFTs on their Spotify profile. For now, NFT sales are not allowed within the application, people are directed to NFT sales platforms such as OpenSea via a special link for sales. The company, which seems to only support static photo-based NFTs at the moment, may make the process available to everyone in the future or shelve the process altogether. We call this the second part because the popularity of NFTs is currently declining drastically. In this respect, the firm may stop investing in the process after a while.
For those who still do not fully master NFT of the concept twitter The basic summary given by “NFTs (short for Non-Fungible Tokens) are unique digital items, like artwork, that are stored on a blockchain (a digital database that anyone can access) and have proof of ownership.”
The company has previously metaverse and roblox centered around the opening of a virtual island. Directly “Spotify IslandThis virtual space, called ”, was an important step for the company, which was taken specifically for the future of the metaverse. Users can do many different things in this virtual island, where the iconic green color of the company is highly centered.
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It is stated that here you can create music, socialize in virtual spaces and access virtual items. In the environment where heart-shaped “like” icons can be collected for free items, steps have also been taken to generate income for the singers. Content creators “Spotify Island” It is reported that he can sell his own virtual objects.