Playlists Unlocked by NFT Holders – The Future of Music Streaming?

On-line music streaming large Spotify is testing a brand new playlist operate made particularly for non-fungible tokens (NFTs) holders.
Known as Token-Enabled Playlists, the brand new operate will allow customers who maintain sure NTFs to attach their crypto wallets to Spotify and entry unique content material.
Spotify is working with a startup Overlord as one in all its companions within the new pilot. Per a Twitter thread by Overlord, the holders of Creepz NFTs are given an opportunity to check out this feature. Overlord signed a take care of Seth Inexperienced’s manufacturing firm Stoopid Buddy Stoodios for an animated present primarily based on characters from the Creepz NFT assortment earlier this month.
The pilot is offered within the US, UK, Germany, Australia, and New Zealand, and at present solely on Android.
The startup defined that their “Invasion” playlist could possibly be accessed by customers connecting their Web3 wallets on the app.
Spotify said that this service is offered to Spotify Premium customers solely, TechCrunch reported, and that the testing interval will final three months, all through which playlists will probably be up to date.
“At Spotify, we routinely conduct various exams in an effort to enhance our person expertise. A few of these find yourself paving the trail for our broader person expertise and others serve solely as necessary learnings,” the corporate was quoted as saying, with out offering particulars.
And Overlord is just not the one undertaking to hitch the trial. Kingship, a metaverse band – “the primary supergroup of Bored Apes” – signed to Common Music Group (UMG), introduced that it is part of this take a look at as properly. They stated they’d be “launching a model new token-enabled playlist.”
Per Kingship,
“This can be a particular second. We’re all about unlocking actual worth for our neighborhood and pushing the boundaries of music and blockchain, and having our holders be on the forefront of this area.”
They added that this can be a curated playlist completely for KINGSHIP Key Card NFT holders. The group additionally shared directions on accessing the playlist. Obtainable crypto pockets choices embrace MetaMask, Belief Pockets, Rainbow, Ledger Reside, or Zerion.
Beside Kingship and Overlord, Moonbirds and FLUF are additionally reportedly collaborating.
iPhone customers at present should not have the choices to entry these unique playlists, which is unsurprising on condition that Apple up to date its App Retailer Overview Pointers with extra guidelines for crypto and NFTs final October.
“Apps could use in-app buy to promote and promote companies associated to [NFTs], equivalent to minting, itemizing, and transferring,” the rules learn. “Apps could enable customers to view their very own NFTs, supplied that NFT possession doesn’t unlock options or performance throughout the app.”
The issue is that that is precisely one of many key use instances for NFTs – they unlock entry to unique content material or different perks.
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