Spotify and TikTok are Integrating NFT Features — What Does It Mean to the World?

Dear Reader,

I hope you are aware of how the NFT market is glowing brightly at the moment and some new trends day by day. For the past few days, there has been a buzz around music NFTs, as popular companies related to the music industry have taken action to start their Web3 journeys.

In what was a surprising announcement, the global music streaming giant Spotify rolled out the pilot version of the token-gated playlists for the NFT holders of several NFT collections, with music exclusively curated for them by famous artists. More recently, the short video-based platform TikTok announced that it would allow users to use songs created and minted as NFTs on the music NFT marketplace Audius. This is seen to be “that measure” that could propel Web3 adoption levels globally.

If this chain of events is set to impact other music-related businesses, NFTs in music could become mainstream sooner than anticipated. With the growth of Web3 entrepreneurship, music NFTs present a feasible opportunity for business enthusiasts to begin their Web3 journey.

“Contact Us Today to Know How You can Maximize the Potential of Music NFTs!”