The music streaming service is looking to launch a tokenized platform that would involve musicians. But how can one be sure? Enter the blockchain, which provides complete transparency and accountability in regards to ownership of digital assets.

Spotify, the world’s largest music streaming service has been using blockchain to help musicians secure their rights. Steve Aoki and The Wombats have also joined this trial by donating songs that will be locked in a digital asset on the Ethereum network.

Spotify Recruits Steve Aoki and The Wombats for NFT Trial

Spotify, a positively popular audio entertainment distributor, has dipped its toe into the nonfungible waters of Web3, toying with the technology as it seeks to expand its existing variety of fan interaction choices.

Spotify has sent out the first trial to a limited selection of artists, including Steve Aoki and The Wombats, as well as a cross section of its Android-using user base in the United States.

For the time being, the artists may utilize their user accounts to exhibit and market their NFT-powered items. After then, fans may examine the things at their leisure before being sent to the marketplace where they are available. However, as of this writing, Spotify’s NFT compatibility does not include music or video files.

Spotify Recruits Steve Aoki Wombats NFT Trial

Spotify will not sell or profit from any of the NFTs involved during this NFT dry run. Instead, promote the idea that this new technology will be used to increase fan involvement. As a result, it will sit alongside its existing goods and tickets offerings.

In addition to this system test of NFT compatibility, Spotify has begun polling its Twitter followers to see how the general public thinks about the technology. Its next move into the nonfungible domain will be determined by the outcomes of this study.