Spotify Experiments with Musician NFT Galleries

As first reported by Music Ally, Spotify is testing a way for artists to display their non-fungible token (NFT) collections. There are currently NFT previews for artists including Steve Aoki and The Wombats on the music streaming platform’s Android test rollout in the United States.

“Spotify is conducting a test in which it will assist a small number of artists in promoting their existing third-party NFT offerings through their artist profiles,” a Spotify representative told Music Ally. “We routinely conduct a number of tests in an effort to enhance the experiences of artists and fans. Some of these tests pave the way for a broader experience, while others only serve as an important learning opportunity.” Spotify did not immediately respond to a request for comment from The Verge.

More companies are attempting to ride the NFT wave, but it appears that the initial surge may be waning (at least for the time being). The Wall Street Journal reports that daily NFT sales have decreased by 92% from 225,000 in September of last year to just 19,000 as of May 3rd. As of the end of April, the number of active NFT wallets has decreased from approximately 119,000 in November to 14,000.

If you select an NFT, an enlarged version of it and a brief description will appear. Additionally, Spotify will provide the option to “See More,” which will lead you to the NFT’s page on OpenSea where you can purchase it. Keep in mind, however, that Spotify does not appear to support NFTs that are videos or GIFs; the app only displays a static image of the NFT. It also lacks sound, which is somewhat odd for a music streaming platform. You can only listen to the NFT or determine whether it is a video or GIF by visiting its OpenSea page.

According to Music Ally, Spotify will not collect a commission on any NFT sales made through the app because the company is currently testing the integration. It is also unclear if the test has been made available to other artists or if Steve Aoki and The Wombats are the only ones who have access at this time.

In March, rumors circulated that Spotify would enter the Web3 space after the company posted two job listings related to blockchain technology and NFTs. As Music Ally notes, some users have also reported seeing a survey on the Spotify app that inquires about their opinions on NFTs. Last week, Instagram began testing NFT integration alongside Spotify.

Apart from this. if you are interested, you can also read EntertainmentNumerologyTech, and Health-related articles here: Grey’s Anatomy season 19, WPC15, Alexa.com AlternativesThe Resident Season 6Kraven The HunterOne Punch Man season 3The Resident Season 5Yellowstone season 5Ozark season 4 part 2PUBG Redeem CodeIs Windows 11 FreeKProxyHow to play Xbox Games on PCOzark Season 5How to cancel YouTube TVChurchill Car insuranceThe Rookie Season 5DownloadhubSsr Movies7starhdMovieswoodHow to Remove Bookmarks on MacOuter Banks Season 4How to block a website on ChromeHow to watch NFL games for freeDesireMovies, How to watch NFL games without cableHow to unlock iPhoneHow to cancel ESPN+How to turn on Bluetooth on Windows 10Outer Banks Season 3

6streams4AnimeMoviesflix123MKVMasterAnimeBuffstreamsGoMoviesVIPLeagueHow to Play Music in DiscordVampires Diaries Season 9Homeland Season 9Brent Rivera Net WorthPDFDriveSmallPDFSquid Game Season 2Knightfall Season 3CrackstreamKung Fu Panda 41616 Angel Number333 Angel Number666 Angel Number777 Angel Number444 angel numberBruno Mars net worthKissAnimeJim Carrey net worthBollyshareAfdahPrabhas Wife NameProject Free TVKissasianMangagoKickassanimeMoviezwapJio RockersDramacoolM4uHDHip DipsM4ufreeFiverr English Test AnswersNBAstreamsXYZHighest Paid CEOThe 100 season 8, and F95Zone

Thanks for your time. Keep reading!

RECENT POSTS

Johnny Depp Net Worth: How Much Is Depp Earning?

When it comes to the dazzling world of Hollywood...

December 7 Zodiac: Sign, Meaning and Characteristics

Are you born on December 7 and curious to...

SocialWick vs TokTurbo: A Comprehensive Review of TikTok Services

In today's world, social media is a big part...

10 Best Nutritional Benefits of Shark Attack Dutch Bros With Comparison

Are you looking for a delicious way to boost...

2626 Angel Number: Decoding the Spiritual Significance and Hidden Messages

Are you feeling a sense of deja vu with...

ASTROLOGY

LIFESTYLE

BUSINESS

TECHNOLOGY

HEALTH

FEATURED STORIES