Napster, a music streaming app where music is more than a sound set to return to the public-eye with a new Web3 strategy. They’ve picked up former Global Head of Music at Roblox, Jon Vallapulos, who presided over their virtual concerts.
Napster was back as a more ‘official’ streaming service over the years after it was shut down due to wave of despute in 2002.Having consistently been in the background and passing between hands, it was lately given from virtual concert providers MelodyVR to Hivemind Capital Partners and Algorand, both the firms being zealous of Web3 and metaverse technologies.
CEO of Algorand W. Sean Ford has stated, “We believe Napster is the perfect brand and platform to lead the next generation of the music industry that goes beyond streaming or avatar-driven virtual concerts.”
Like it or not, the metaverse doesn’t seem to be a concept that is going to lessen its growth anytime soon. Especially with money changing hands in amounts as high as $5000 in Roblox for a Carolina Herrera ‘virtual gown’. If Napster has had these plans in place for a while, it stands to reason there may be something astonoshing in the works, but until more information is released we will have to wait and watch.
This news is published and verified by the NFT News media team.
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