Over the last few months we have read and heard a lot of information related to what are known as Non-Fungible Tokens or NFTs. These digital goods are gradually spreading to both end users and companies. Now we are going to tell you how we can make use of all this on the best-known music streaming platform, Spotify.
Among the pioneering companies that began to bet on these virtual currencies were those related to the world of video games. All this despite the fact that a multitude of users and even workers of these did not agree at all. But over time, these NFTs have spread to all kinds of platforms and services, including end-user content.
Well, one of the most recent information related to all this is its arrival on the popular streaming music platform known by most, Spotify . Many of you probably make use of this music service, either for free or through a paid account. As far as we know, this audio provider is now entering the world of NFTs in order to actively participate in the NFT trade.
As other companies have done, this is something that Spotify is going to do gradually. To give you an idea of what we are talking about, he is currently testing a feature that allows a small group of artists to promote NFTs on their respective profile pages. We must also take into account that all this is being tested on certain users residing in the US.
Spotify bets on NFTs on the music platform
At the same time, while Spotify continues its commitment to connecting artists with their fans , it points out that the reason for this new project is along the same path. In fact, it confirms that there are many partners in the music industry who have insisted that the company should take this step. The arrival of NFTs on Spotify began earlier this month . At that time, several users of the music service reported that they had received a survey about the arrival of these goods on the platform.
The message hinted at the possibility of giving users the ability to purchase a limited edition multimedia NFT that could become a collector’s edition. In addition, they asked about how much they expected a particular NFT to cost . Prices ranged from free to over $150. They also wanted to know how and where they would be used later. Shortly after the company confirmed the existence of the project as such.
So and from what is now known, the music platform Spotify is conducting a test that will help a small group of artists to promote their NFT offers through their profiles . With all this, what is intended is to improve the experience of both the artists themselves and that of their followers. At the same time, these tests end up paving the way for a broader experience for both parties, as is now the case with NFTs.
What’s more, in addition to allowing artists to promote their NFTs, the idea is to give users the ability to preview their NFTs on each other’s profile page. This way they will be able to see their details and buy them through some external market .
