Anghami, one of the MENA region’s most popular music streaming services has hinted through its co-founder, Elie Habib, the possibility of creating their own cryptocurrency token known as “Anghami” token.
Earlier today, Habib posted a screenshot of his personal Anghami account showing a new section which would potentially allow users to connect their MetaMask or Rainbow Ethereum wallets in order to start earning the company’s new token as well as invest in select artists and podcasters.
As a caption for Habib’s post, he wrote “Probably nothing” which makes users believe that the company is most probably up to something interesting.
Discord’s CEO, Jason Cirton, shared a similar screenshot on his Twitter account yesterday hinting that Discord accounts linked to Ethereum may be on their way.
With the spotlight on Web 3.0, it seems like companies around the world are racing to the decentralized web.
Spotify Is Experimenting With Artist NFT Collections
According to a recent survey, it seems that the currently tested NFT collections are just the first step toward a much broader implementation of NFTs into the platform.
NFT sales may have declined by 92 percent since September 2021, but that’s not stopping Spotify from experimenting with a new feature that lets artists display their non-fungible token (NFT) collections on the music streaming platform.
At the moment, only a small group of artists are taking part in the experiment, including Steve Aoki and The Wombats. What’s more, only select US users of the Spotify app for Android can see NFTs when they visit the profile pages of the aforementioned artists.
“Spotify is running a test in which it will help a small group of artists promote their existing third-party NFT offerings via their artist profiles,” said Spotify spokesperson. “We routinely conduct a number of tests in an effort to improve artist and fan experiences.”
It’s important to point out that not all Spotify experiments result in new features. It all depends on the feedback the music streaming platform receives from users.
According to a survey some Spotify users have recently received, it seems that the currently tested NFT collections are just the first step toward a much broader implementation of NFTs into the platform. More specifically, Spotify seems to be thinking about allowing its users to directly purchase NFT art to support their favorite artists.
Considering how polarizing NFTs have been since their inception in 2014, it shouldn’t come as a surprise that many Spotify users have immediately expressed their dissatisfaction with the idea of NFTs becoming part of the Spotify music listening experience.
Other large tech companies are also experimenting with NFTs. Instagram, for example, started testing NFT integration last week, allowing NFT creators and collectors to display their tokens on the platform. Mark Zuckerberg himself believes that NFTs and digital collectibles in general will play an integral role in the metaverse, the new iteration of the internet.