Music Coin Soars 33% As Spotify Tests 'Token-Enabled Playlists'

Music tokens are surging on the news of Spotify SPOT testing a new service that will allow non-fungible tokens (NFT) holders to connect their wallets and listen to music.

What Happened: The new service is called "token-enabled playlists” which will be available to NFT holders within the Fluf, Moonbirds, Kingship and Overlord communities.

Viberate VIB/USD, a music data analytics platform’s native token VIB was up 33%, trading at $0.13. Some other music tokens like Audius AUDIO/USD rose 4% and Rhythm RHYTHM/USD was up 2.5%.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Overlord, the Web3 gaming and media company on Wednesday said that holders of its lizard-themed Creepz NFT project can link their Web3 wallets on Spotify to access the project's community-curated "Invasion" playlist. 

Read Next: Bitcoin, Ethereum, Dogecoin Slide After Mixed Fed Minutes: Analyst Says China Won't 'Fuel Coming Cycle'

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsMarketsMoversTrading IdeasAudiusRhythmSpotifyViberate
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...