Spotify Reveals Blockchain Technology Adoption and NFT Support

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Spotify, A Swedish audio streaming and media services provider is planning to add blockchain technology and non-fungible tokens (NFTs) to its streaming service.

This Move is much to the delight of musicians whose profits might be significantly boosted.

According to the ad statement by the company: “The hiring of Spotify in the WEB-3 Projects seems to be in the first phase of exploration.

Daniel Ek, CEO of Spotify, briefed to a digital broadcast that customers’ permission to use cryptocurrency could encourage them to like Spotify.

Spotify becomes the latest tech giant seeking to make NFT a part of its streaming service to enhance better offerings, increase artist earnings, and make a step ahead in the competition in the crypto space.