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    Home » News » Spotify’s Latest Experiment: NFTs Required to Access Premium Playlists

    Spotify’s Latest Experiment: NFTs Required to Access Premium Playlists

    By VineetFebruary 25, 2023Updated:February 27, 20233 Mins Read

    Spotify, the world’s leading music streaming platform announce a new pilot program – NFT Playlists. This new experience aims to revolutionize the way people listen to music. The NFT playlists allow unique NFT holders to offer an exclusive music experience for members of Web3 communities. The first few web3 communities that access this pilot feature are gaming startup Overlord and Bored Ape band “KINGSHIP“. This new feature brings the music community closer together, allowing them to experience the latest music like never before!

    The Spotify logo on a black background - the company has entered NFTs with gated playlists.

    Spotify NFT Playlists: How Do They Work?

    Spotify tests the new NFT playlist feature with a handful of NFT communities. Gaming startup Overlord and virtual band KINGSHIP are the first of many to adopt the revolutionary new experiences. The NFT based playlists are accessed by connecting users’ Web3 wallets on Spotify. For holders of Overlord’s Creepz NFT token, they gain access to a new “Invasion” playlist. On the other hand, the KINGSHIP Key Card NFT allows users access to a specially curated playlist accessible only for holders of their specific NFT. This playlist includes tracks from some of the biggest names in the music industry, such as Queen, Missy Elliott, Snoop Dogg, and Led Zeppelin!

    This new feature allows Web3 communities to curate exclusive music experiences, creating a sense of belonging among its members. It is an excellent opportunity for Spotify users to have access to exclusive playlists, enhancing their audio experience. The exclusive access to the playlists makes it even more special for those who have access. This is just the beginning of Overlord‘s and KINGSHIP‘s audio adventure, and we can’t wait to see what they come up with next!

    Why Do NFT Playlists Matter?

    As we all know, payments and royalties from traditional web2 platforms do not add up to artist requirements. This new feature is set to bring the music industry to a whole new level, allowing members of Web3 communities to feel a sense of belonging while experiencing exclusive music content. With this new feature, Web3 communities can curate music tailored specifically for their members. This will undoubtedly create a more enjoyable audio experience for users.

    In conclusion, Spotify’s new NFT playlist pilot program is an exciting development for the music industry. It allows Web3 communities to curate exclusive music experiences, creating a sense of belonging among members. With this new feature, Spotify users can enjoy exclusive playlists, making the audio experience even more enjoyable. We can’t wait to see what Spotify has in store for the future and how the music industry will evolve with this new feature. Stay tuned for more exciting updates!

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

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    Vineet
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    Vineet is a storyteller based in Mumbai. Having previously worked for various web2 organizations as a journalist, instructional designer, and event manager, he got into blockchain in early 2021. As a musician by passion, he fell in love with the digital megastructures building the future of art and creativity. He believes that web3 unlocks creativity at a higher level, and works towards onboarding music projects to the space.

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