Spotify is testing the display of artists’ NFT galleries
Selected users on Android in the US are seeing a new section in the Spotify app for artist NFTs. The test includes previews for Steve Aoki and The Wombats. Read on for more!
by Aline Barbosa
Users can check collections from Steve Aoki and The Wombats through the streaming service.
Spotify is rolling a new feature that allows artists to exhibit their NFT (non-fungible token) collection as users play their music. The music streaming giant is currently testing the tool among selected US-based Android users, and it includes NFT sneak peaks of well-known artists like dj Steve Aoki and indie rock band The Wombats.
A Spotify spokesperson sent a statement to Music Ally explaining that Spotify is currently running a test in which a small group of artists will be able to promote their third-party NFT collections for users to purchase by visiting the artist’s profile. They added that Spotify usually conducts a variation of tests as an effort to improve the experience of both fans and artists through the platform. Some of those tests might pave the way for a more fulfilling experience. Others might serve only as a learning process.
Lately, a lot more companies are trying to ride the NTF high. However, that initial curiosity might be tailing away for the time being. That is because daily NFT sales have crashed over 92% since September 2021. According to the Wall Street Journal, it went from 225,000 sales per day to around 19,000 just early May. Active NFT wallets are also disappearing, going from over 119,000 in mid-November to 14,000 in late April 2022.
How to access the NFTs on Spotify?
The first step is to update the Spotify app to its latest version. Then, navigate through the artist’s profile page and the NFT gallery should be under their header and song list. By clicking on it, it’s possible to see the entire collection and scroll through the available NFTs. By selecting an NFT, an enlarged version along with a brief description of it should appear.
Under the description, Spotify will give an option to “see more”. By clicking on it, it directs the user to the NFT collection page on OpenSea, where it’s available for purchase. It’s important to note that Spotify does not support NFTs in .GIF or video formats. Therefore, it’s only possible to see the static version of the token. The only way to see if the NFT is a video, gif or sound is by visiting its OpenSea page.
According to Music Ally, Spotify is currently in the process of testing the integration and won’t collect any commission for the NFTs sold through the app. For now, users can check only two collections, created by The Wombats and Steve Aoki. It’s unclear if the music streaming service will gradually include more artists.
Are blockchains and crypto something you’re interested in? Then follow the link below and learn all about Robinhood Investing. Perfect for the experient trader and for investors who are just getting into the business.
What is an annual fee on a credit card?
Annual fee on a credit card is a common thing, but do they make sense? How can you get rid of them? When should you accept them?Keep Reading
Applying for the PREMIER Bankcard® Mastercard® Card: learn how!
Need to build credit and improve your score? PREMIER Bankcard® Mastercard® Card can help! See how to apply for this simple option.Keep Reading
U.S. Bank Cash+™ Visa Signature® credit card full review
In our U.S. Bank Cash+™ Visa Signature® card review, you'll learn why this is the perfect product for those who want maximum flexibility!Keep Reading
You may also like
Applying for the PREMIER Bankcard® Secured Credit Card: learn how!
The PREMIER Bankcard® Secured Credit Card is a great option for anyone who needs to build a credit score. Find out how to apply!Keep Reading
Top 5 best credit cards with travel perks 2022: read this before choosing!
Looking for the best travel perks credit card? Check out the best options for hotel and airline bonuses, concierge services, and more.Keep Reading