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Spotify starts trialing NFTs on its platform, Music Ally repor | https://t.me/nftsdefinews

Spotify starts trialing NFTs on its platform, Music Ally reports

The
latest tech company to jump on the NFT bandwagon, Spotify waded into the web3 world earlier this month with the May 3 launch of "Spotify Island" on Roblox. Starting with a single pilot group of artists, among them Steve Aoki and The Wombats, Spotify will now test NFTs on the platform to specially selected users based in the US.

They will not sell NFTs directly, however, as users will need to tap through to an external marketplace to make purchases. Spotify has said it will not take a cut of the sales as part of the test.Rumors that Spotify was interested in entering web3 have been circulating since March when the company posted two job ads for working with early-stage web3 projects. The latest news comes just days after Meta announced it too would start testing digital collectibles and NFTs on Instagram.

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