Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Technology
Anusuya Lahiri

Spotify Looks To Jump NFT Bandwagon After Failed Collaboration With Facebook

SPOT Spotify Facebook NYSE Instagram Mark Zuckerberg Reddit Spotify Technology SA Twitter Inc. Visa
  • Spotify Technology SA (NYSE:SPOT) looked to add blockchain technology and non-fungible tokens to its streaming service, the Financial Times reports. 
  • Spotify hired people to work on early-stage projects related to “Web3,” a tech buzzword for a blockchain-powered network. 
  • Also Read: $17B Worth NFTs Traded In 2021, More Players Could Join After Visa, Nike
  • Meta Platforms Inc (NASDAQ:FB) Facebook founder Mark Zuckerberg recently confirmed that Instagram would soon start to support NFTs. 
  • Other social media companies, including Twitter Inc (NYSE:TWTR) and Reddit, are also working to build new features for displaying or trading NFTs. 
  • Spotify was an early collaborator on Facebook’s ill-fated cryptocurrency project, Diem.
  • Price Action: SPOT shares traded lower by 1.18% at $132 premarket on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
How to turn pizza crusts into a spicy French dip – recipe
Who knew pizza crusts could be turned into a Provencal dip for … pizza crusts?
The Guardian - UK
The Guardian - UK
Gus Walz’s unbridled emotion on the DNC stage opens the door to more understanding of neurodiversity
“That’s my dad. That’s MY DAD!” a visibly emotional Gus Walz exclaimed, with tears in his eyes, at the Democratic National Convention. It is rare to see this kind of wholesome love and admiration, especially in a public setting, from a teenager toward their parent.
The Conversation
The Conversation
Young girls are using anti-aging products they see on social media. The harm is more than skin deep
Young girls are buying up anti-aging products they see promoted on social media, with harmful effects for their skin — and their mental health
The Independent UK
The Independent UK
A red clam chowder you'll love
This is a "spectacularly delicious chowder and I know you are going to love it"
Salon
Salon
Who is the most wanted tribute act? The most sampled artist? The most successful cover version? The answers may surprise you
A new survey about tribute acts throws up some interesting stats
MusicRadar
MusicRadar
What is the 'u swan, he frog' trend emerging on TikTok?
Here’s an explainer in case you come across the phrase ‘You pretty, he ugly, u swan, he frog’
Evening Standard
Evening Standard
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play