ICYMI: Spotify starts trialing NFTs on its platform, Music Ally reports
However, these will link to an external marketplace and NFTs will not be sold directly by Spotify.Artists may soon be able to promote their non-fungible tokens on Spotify if a trial rollout goes well, Music AllyThe latest tech company to jump on the NFT bandwagon, Spotify waded into the web3 world earlier this month with the May 3 launch ofon Roblox.
They will not sell NFTs directly, however, as users will need to tap through to an external marketplace to make purchases. Spotify has said it will not take a cut of the sales as part of the test. At the same time, users have reported that Spotify is also sending out surveys and even offering some people compensation for chats with team members about users' attitudes toward NFTs and web3. Questions, which have been shared on Twitter, include asking about sentiment, crypto-related purchases and why people bought NFTs. The questions were met with derision by some posters.
Rumors that Spotify was interested in entering web3 have been circulating since March when the company posted two job ads for working with early-stage web3 projects. The latest news comes just days after MetaSpotify did not respond to a request for comment from The Block by the time of publishing. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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