Spotify Begins Testing NFT Gallery Function on Artist Pages within the US

Music streaming large 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 try 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 track record on the artist’s web page. The NFTs pictured within the gallery could 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 price noting that Spotify is at the moment not taking a fee for gross sales that will consequence from the gallery characteristic.

In an announcement to Music Ally, Spotify stated, “Spotify is working a take a look at wherein it would assist a small group of artists promote their current third-party NFT choices through their artist profiles. We routinely conduct numerous 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 essential studying.”

The streaming large is reportedly seeking to increase into Internet 3 choices itself, based on stories earlier this 12 months in February. Spotify is seeking to rent a senior-level engineer to work with upcoming applied sciences like Internet 3. The appointee will likely be part of Spotify’s experimental progress workforce. One of many main focus areas of the chosen candidate will likely be to make use of Internet 3 parts and map out the subsequent massive step for the music streaming large.

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

As increasingly firms attempt to catch the NFT wave, it appears like that preliminary surge has been watered down for now. Based on The Wall Avenue Journal, each day NFT gross sales have dipped 92 % from 225,000 in September of final 12 months to only 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 top of April.



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