Wednesday, April 24, 2024

technoguf.com

HomeCryptoCurrencyNFTNFTs In The...

NFTs In The Spotify Platform

Two job ads announced by Spotify for engineers and a manager specialized in Web3 appeared on job search boards. This can be Spotify’s initial meaty solo raid of the area. The applications of this technical school in all probability became too obvious for the streaming platform to ignore.

The platform has had the blockchain on its measuring device for a minute currently. Back in 2019, once Spotify was serving to Facebook with their failing Diem project, Spotify’s business executive said:

A SERVICE LIKE SPOTIFY . TO BE ABLE TO PAY ARTISTS DIRECTLY

in relevance to the applications of blockchain and cryptocurrency in music streaming.

What will Blockchain Music Streaming Look Like?

The applications of not solely NFTs but blockchain technology within the music trade square measure happening right away. Platforms like:

  • Audius
  • Emanate
  • Sound.xyz

are investing blockchain technology to vary the means we tend to consume music. These platforms use the peer-to-peer nature of the blockchain to enhance the streaming expertise for all parties.

Audius leverages the blockchain to chop out the middle-man within the streaming trade. Specifically, Audius doesn’t take a cut of the streaming revenue. All ancient streaming platforms manage the library of music uploaded, and thus manage the streaming revenue. On Audius, the artists have complete possession of the music uploaded.

Emanate takes this a step even further. Their Play-To-Earn model rewards users in addition. Not solely do artists receive their fair proportion, however, users conjointly receive rewards. taking note of new music, curating in style playlists and referral rewards square measure many ways that users will earn $EMT.

$AUDIO and $EMT Performance

Audius $AUDIO token has performed quite well the last short while, per CoinGecko. Over the last period of time, the token has increased 31st and 38thover the last week. On the opposite facet, $EMT has conjointly seen some steady growth. The last period of time is fruitful for $EMT holders, with a pure gold increase in worth. Currently, the token sits at $0.017, up to 33rd over the last 30 Days. It looks as if these music streaming tokens square measure setting out to develop steam!

Get notified whenever we post something new!

Continue reading

Devika: Pioneering the Future of AI Software Engineering👩‍💻

Meet Devika, a cutting-edge AI software engineer who has the potential to completely transform the coding industry. Devika is a true artificial intelligence game-changer because of her unmatched abilities to interpret difficult commands, do exhaustive research, and write code...

Discover the Best 5 Penny Stocks for Smart Investments

Discover the top 5 penny stocks you may purchase now for profit. Get started with sensible investing now! 📈What Is a Penny Stock?Penny stocks, priced at less than $5 per share, have a lot of risk but can promise...

Best Shitcoins to Buy in 2024: Don’t Miss Out 🚀

Explore the best Shitcoins to Buy in 2024 and seize the best investment opportunities! Stay ahead in the crypto game.Many initiatives execute tasks in the broad cryptocurrency ecosystem, from governance tokens to value storage. But there are also "shitcoins"...