NFT REVIEW NEWS Hivemind and Algorand Aim to Reinvent Napster for the Web3 Era

The power of nostalgia provides a mighty weapon to wield in the battle for Web3 supremacy. It is therefore pertinent that Hivemind and Algorand have combined forces to bring Napster back into contention.

One may be forgiven for thinking that Napster had died a death following a number of high-profile lawsuits in the early 2000’s. However, over the years it has seen a revival, and now boasts a modest customer base and revenue, making it primed and ready to engage with the latest revolution in internet technology.

Over recent months, the Web3 movement has gathered speed and NFTs now represent the next great frontier in music ownership. So, with this in mind, Hivemind and Algorand have purchased the mighty streaming service, with an ultimate aim for it to sit at the vanguard of this revolution in digital music.

According to sources, with the new look Napster will form an entire Web3 music ecosystem that will help artists to create content, share experiences and reward loyalty. So rather than sitting at odds with the current wave of music platforms, Napster plans to compliment them by offering a number of wholly compatible services in order to maximize the engagement factor.

Napster joins fellow pioneering music sharing platform, Limewire, as it begins its Web3 journey. A well-orchestrated relaunch that also saw the involvement of Hivemind.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Source link

If this article, video or photo intrigues any copyright, please indicate it to the author’s email or in the comment box.

What do you think?

26 NFT Points
Upvote Downvote


I am the curator of the NFT Review Market News. If the document or content infringes any copyright, please point it out in comments and it will be promptly removed. To all the articles we include the link of the Resource that appears as Source Link If this article, video or photo intrigues any copyright, please indicate it to the author's email or in the comment box.


Leave a Reply

Crypto Alerts Noticias Criptomonedas Qué significa para Ethereum la llegada de The Merge a la testnet Ropsten

26-May Global conference … NFT news #nft