Napster has acquired NFT market Mint Songs following its ‘wind down’ in late 2022.
Napster is helmed by former Roblox music govt Jon Vlassopulos, who moved to amass Mint Songs. Mint Songs is an NFT market that helps artists construct a web3 neighborhood round their music, mint songs, and supply unique artwork for his or her followers to commerce. So what did Napster pay for Mint Songs? The phrases of the deal weren’t disclosed.
What we do know is that Mint Songs Co-Founder and CEO Garrett Hughes will keep on in an advisory capability. He’ll be serving to to combine Mint Songs’ know-how into the Napster platform, whereas providing steering as Napster rolls out new merchandise. Former Head of Product Nate Pham is becoming a member of Napster to steer its web3 initiatives.
“We’re in an unprecedented period of innovation within the digital music area and it appears like there have been extra music startups fashioned within the final two to a few years than within the earlier 20,” provides John Vlassopulos, CEO of Napster.
“It’s inspiring to see so many gifted groups pushing to create a music ecosystem that’s higher for artists and followers,” he continues. “Garrett and crew have executed groundbreaking work serving to hundreds of artists get their begin in web3, attain their followers in new artistic methods by collectibles, and unlock vital new income streams.”
Mint Songs beforehand raised $4.3 million from buyers. The corporate labored with artists together with Gramatik, Mark de Clive-Lowe and Black Dave to supply unique NFT gadgets to their followers. Vlassopulos says the flexibility to create artist collectibles might be accessible on the Napster platform “within the coming months.”
“We really feel that the pure subsequent step for the Napster service is to incorporate collectibles that followers can get as rewards for partaking with artists they love or that they will buy to gather and share. We have already got lots of of hundreds of artist storefronts the place our followers go to hearken to music each day so including collectibles could be very contextual within the fan expertise.”
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