Web3 Watch: Spotify tests NFTS and Madonna's first NFT collection

Web3 Watch: Spotify tests NFTS and Madonna's first NFT collection

The Musik Streaming Service Spotify has selected a small group of artists to embed and apply NFT galleries into their profiles. according to to Music Ally. The NFTS (non-fungable tokens) appear under the songs and albums of the artists.

Steve Aoki and The Wombats are among the first musicians who take part in the test, and both are large NFT collectors. The function is currently available for selected Android users in the USA who can display and buy available NFTs from external marketplaces.

Since users cannot buy directly via Spotify, the company does not make a reduction in NFT sales. Spotify has sent a survey to measure the interest and excitement for any further future NFT implementation on its platform.

Recently, Meta has also introduced a function for selected Instagram manufacturers to display their NFTs in their feed.

The drop of the "Queen of Pop".

Madonna published a non-fungal token cooperation with the NFT artist Beeple on Superrare last week, which was given descriptions such as "bizarre" and "spicy" due to their graphic content. The three-part series of NFT videos entitled "Mother of Creation" examines the concept of birth, creation and motherhood.

The videos show a naked 3D avatar from Madonna, which gives birth to a tree, butterflies and thousand feet in front of various scenes. The message, according to on the website, compares how children are born so that how an artist brings creativity to life: "You never know where you can find life, and you can never give up hope."

The proceeds from the sale benefit three non -profit organizations that support mothers all over the world, including The Voices of Children Foundation, The City of Joy and Black Mama’s Bail out. The triptych was created with MoonPay infrastructure support, which is reported that $ 100,000 also donated to any charity.

So far, 309.1 ETH ($ 636,823) have been in sales on superrare.

Fireside X Skale Hollywood scholarship program

Mark Cuban's entertainment platform Fireside and the blockchain network scale based on Ethereum recently announced a 100 million dollar web3 creator fund. The "Creatives Unleashed" funding program aims to enable the next generation of Hollywood creative to switch to web3 and create content without intermediate traders.

Blockworks spoke to Fireside and Skale to learn more about the partnership.

sw: according to which types of creative is the program looking?

fires: Fireside is the home of over 2,000 different types of creators, including Podcaster, Vodcaster, authors, comedians, actors, television orers, filmmakers, musicians and more. This program is aimed at all Fireside manufacturers who want to "web3-displaying" and unlock their business with better community engagement tools. This is the solution for every professional creator who has an established audience and wants to easily accelerate the transition of his media and entertainment business to Web3 via Fireside without great preliminary investments.

sw: What problems in Hollywood Do Fireside tries to tackle? Why use blockchain technology for this?

fireplace: We already see signs that the next big content hits will be created directly between YouTubers and their target groups and brands. Here web3 comes into play by eliminating traditional middlemen and developing completely new business models, in which communities and brands can now take part in the creation and spread of intellectual property and help shape the media imperies of the future.

Fireside is the next evolution of the media and entertainment, which is participatory, creative and decentralized, so that creators and their audience come closer to each other than ever.

sw: What is the long -term vision of scale? Why work with a content studio like Fireside?

scale: Our goal is to make the performance of blockchains 1 billion people worldwide accessible to offer everyday consumers a great user experience. We do this by creating a scalable network of hundreds to tens of thousands of interconnected scale chains that operate decentralized web3 applications, similar to Amazon Web Services today for mobile apps.

The reason why we are so excited to work with Fireside is that they really create a new paradigm for how content is financed, created and distributed, and all of this with the power of decentralized blockchains. Content has always been king, and we love to be able to offer a solution that enables creators to do this faster, cheaper and in a way that turns off the middleman so that you can create more content for users.

The interview answers were processed for reasons of brevity and clarity.

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The contribution Web3 Watch: Spotify Trials NFTS and Madonna’s First NFT Collection is not a financial advice.