With the help of Steve Aoki and The Wombats, Spotify is planning an NFT test

With the help of Steve Aoki and The Wombats, Spotify is planning an NFT test

With the help of Steve Aoki and The Wombats, Spotify is planning an NFT test

Web3-based music streaming service Spotify has dipped its toe into the nonfungible waters, experimenting with the technology as it seeks to expand its current range of fan engagement possibilities.

Musicians such as Steve Aoki and The Wombats have been given access to Spotify’s initial trial, as well as the whole Android user base in the United States, as a precautionary measure.

As of now, the NFT-powered items of the artists engaged can be displayed and promoted on their user accounts. As soon as they’ve finished perusing the merchandise, they will be redirected to the marketplace where it’s available for purchase. The NFT compatibility of Spotify, on the other hand, does not include audio or video files at this time.

Spotify will not sell or profit from any of the NFTs during this NFT dry run. Promoting the idea that this new technology will be used to engage fans. As a result, the company’s usual merchandising and ticketing services will remain in place.

To get a sense of how the general public feels about NFT compatibility, in addition to doing this system test, Spotify has begun polling its Twitter followers. What happens next in the nonfungible realm will be determined by the results of this experiment.

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