Music on Blockchain’s Growing Popularity: Spotify Is About to Enter Web 3.0

Spotify is eager to explore crypto/blockchain/metaverses as could be seen from the recent job listing on LinkedIn.

Music and humans are absolutely inseparable, and music is widely considered to be the key to self expression and experiencing life to its fullest. At first glance, it seems like there’s no room for improvement in this field, however, modern technologies have consistently improved the way we experience music, providing us with high-quality hardware and software, subscription platforms, and easy access to limitless artists capable of satisfying anyone’s individual tastes.  

Recently, we has seen a variety of artists experiment with blockchain technology. For example, Snoop Dogg released his new album exclusively on Gala Music a day before it become available on major music streaming services like ‘Spotify,’ ‘Tidal,’ ‘Apple Music,’ and ‘Google Play Music;’ John Legend founded a new social NFT platform called ‘OurSong;’ and one of the biggest crypto metaverses out there, ‘The Sandboxcollaborated with Warner Music Group to create a musical metaverse. 

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Now, Spotify seems to be showing its own interest in the technology as well. At the very least, it is apparent that the music streaming giants are eager to explore blockchain technology as can be ascertained by its recent job listing on LinkedIn.  

One of the responsibilities of the position is stated as being: 

“You will work facilitate collaboration with product, insights, and design to uncover the next growth opportunity leveraging new technologies, like Web 3.0.” 

Spotify is one of the biggest music streaming services available, with an advanced recommendation system. Along with YouTube, which has also revealed potential plans for Web 3.0 and NFTs as a way of rewarding content creators, they may start an unstoppable trend for mass adoption of the technology.  

 

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Read more news regarding blockchain music platforms/metaverses/NFTs: 

Snoop Dogg Releases New Album Exclusively on Gala Music, a Day Before Launch on Other Platforms 

John Legend Opens the Door to Artists and Fans With New NFT Platform ‘OurSong’ 

The Sandbox Collaborates with Warner Music Group in Order to Create a Musical Metaverse 

YouTube Outlines Plans for Web3 and NFTs to Benefit Content Creators 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Nazar Kuzmyn

Nazar Kuzmyn is an audience editor at DailyCoin, responsible for SEO aspects of the publication, long-form content, and the daily newsletter. He has experience in marketing copywriting and journalism, and his educational background includes a Bachelor's in International Relations and a Master's in Journalism and Media Industries. He currently lives in Vilnius, Lithuania, and enjoys attending live concerts and playing indie video games in his free time.