Spotify Testing ‘Token-Enabled Playlists’ for NFT Holders
What are Token-Enabled Playlists and How Do They Work?
Spotify is experimenting with "token-enabled playlists" that will allow NFT holders to access special handpicked tracks by linking their wallets. The experimental initiative is only available to Android users in a few countries and is restricted to members of certain communities.
Limited Availability for NFT Holders in Specific Communities
During the three-month trial period, only community members will be able to access token-enabled playlists through a unique URL. By linking their Web3 wallet to Overlord's Creepz NFT project, holders may access the community-curated "Invasion" playlist. By linking their wallets, NFT users may also access Kingship's token-gated playlist, which includes music icons such as Queen, Missy Elliott, Snoop Dogg, and Led Zeppelin.
Spotify's Response and Future Plans for Token-Enabled Playlists
Spotify has stated that they constantly run testing to enhance user experience, and while they had previously experimented with integrating NFTs into their service, they have not released any specifics on intentions to expand the token-enabled playlists in the future.
NFTs and the Future of Music Streaming
The feature has the potential to disrupt the music streaming market, particularly when additional platforms such as Audius, Royal, and AnotherBlock develop to decentralize the music listening experience. Audius pays users for participation with AUDIO tokens, whilst Royal and AnotherBlock enable producers to sell their music royalties as fractional NFTs.
Token-Enabled Playlists Could Revolutionize Music Streaming.
Spotify's token-enabled playlists provide a unique listening experience for NFT holders and might become a regular feature on the platform as music streaming businesses look for new ways to improve user experience in a Web3 and NFT-driven world.
References
Spotify Testing Web3 Wallets Integration: Token-Enabled Playlists
The Evolution and Rise of Non-Fungible Tokens (NFTs) in Art, Music, Sports, and Gaming Industries
Navigate your business sensibly in Web3, not into the buzz, hype or FOMO.
Spotify Runs Pilot for Token-Enabled Playlists with NFT Partners
