Home - News - Spotify Playlists for NFTs: The Future of Music Streaming?

James Carter

February 25, 2023

Spotify Playlists for NFTs: The Future of Music Streaming?

The world’s largest music streaming platform, Spotify, is currently putting to the test a new playlist function that was developed especially for owners of non-fungible tokens (NFTs).

The new feature, which will be known as Token-Enabled Playlists, will give users who possess particular NTFs the ability to connect their cryptocurrency wallets to Spotify and gain access to unique material.

One of Spotify’s partners in the new trial is the startup Overlord, with which the company is collaborating. Creepz NFT holders are given the opportunity to put this option through its paces, as stated in a thread that Overlord posted on Twitter. Towards the beginning of this month, Overlord entered into a contract with Seth Green’s production firm Stoopid Buddy Studios, for an animated show that will be based on characters from the Creepz NFT collection.

The pilot can be accessed on Android devices in the United States, the United Kingdom, Germany, Australia, and New Zealand at this time.

The new business venture claimed that customers who connected their Web3 wallets to the app might have access to the “Invasion” playlist that they had created.

https://twitter.com/Overlord_xyz/status/1628485145706614792
Spotify Playlists for NFTs: The Future of Music Streaming?

TechCrunch reported that Spotify indicated that this service is available to members of Spotify Premium only and that the testing period will remain for three months, during which playlists will be refreshed. TechCrunch also reported that Spotify stated that the testing period would extend for three months.

“At Spotify, we regularly put our users through a variety of tests in an effort to provide them with an improved experience.” Some of those end up being the stepping stones for our overall user experience, while others merely serve as significant learning opportunities. “It was reported that the firm said this, but no further information was given.

Also Read:  Eminem Buys Bored Ape Yacht Club NFT For $450k

However, Overlord is not the only project that is participating in the test. Kingship, a band from the metaverse that is signed to Universal Music Group (UMG) and calls itself “the first supergroup of Bored Apes,” recently revealed that they are also participating in this test. They announced that they would be “launching an entirely new token-enabled playlist.”

According to the King,

“This is an important and memorable time. Unlocking true value for our community, expanding the horizons of both music and blockchain technology, and placing our token holders in the vanguard of this industry are some of our primary goals.”

They also mentioned that this is a specially compiled playlist that is only available to people who have a KINGSHIP Key Card NFT. In addition, everyone in the group discussed the steps necessary to access the playlist. MetaMask, Trust Wallet, Rainbow, Ledger Live, and Zerion are some of the crypto wallet solutions that are now available.

Spotify Playlists for NFTs: The Future of Music Streaming?

It has been reported that Moonbirds and FLUF are also taking part, in addition to Kingship and Overlord.

Users of the iPhone do not presently have the option to access these exclusive playlists, which is not surprising considering that Apple changed its App Store Review Guidelines in October to include new criteria for cryptocurrencies and non-fungible tokens (NFTs).

Also Read:  How to Sell on Magic Eden: A Comprehensive Guide for Magicians and Collectors

“The guidelines state that “apps may utilize in-app purchases to sell and sell services linked to [NFTs], such as minting, listing, and transferring.” This means that in-app purchases can be used to sell and sell services related to NFTs. “Users are permitted to examine their own NFTs within apps, provided that ownership of NFTs does not grant access to additional features or functionality within the app.”

The issue is that this is precisely one of the most important applications for NFTs, namely that they allow access to unique material or other rewards.

Share