Due to the adoption of Web3 by various businesses and artists, including Spotify, the music industry witnessed several NFT funding rounds, sales, and partnerships. Users can stream millions of music playlists and other types of material on the global digital podcast, music, and video service platform known as Spotify.
The most recent development might represent an advancement into the Web3 market. The site gave artists the option to add non-fungible tokens (NFTs) to their profiles last year.According to the latest information, NFT holders have access to the token-enabled playlist service on the Fluf, Overload, Kingship, and Moonbirds platforms. Users of the service would have access to carefully chosen music playlists that would be updated throughout the three-month test. Also, a special URL would be required for community members to access it