Spotify is testing NFT galleries on artist pages

Spotify

Now Spotify is testing a way to integrate NFTs on the platform. The music streaming platform is testing NFT galleries on artists’ pages. This is a small test with a group of artists like Steve Aoki and The Wombats and is visible to select Android users across the United States.

Users can learn more about NFT and can purchase it through an external marketplace. For now, the company is only showing a static image of the NFT in the app even if the NFT is a video. You will have to visit the NFT marketplace to see the video.

Also see: How to choose NFT to invest

The company is also not charging any commission for NFT sales made through its platform. This integration is just testing and the company could start charging the commission if it sees good CTR on NFT links.

NFTs made waves in 2021 but the year 2022 wasn’t really good. Daily NFTs sales have dipped 92 percent from 225,000 in September of last year to just 19,000 as of May 3rd. The number of active NFTs wallets has also declined in the past 6 months.

Several social media platforms are integrating NFTs. Twitter, Reddit, Instagram, and Facebook have also started testing NFT integration. A lot of people already lost interest in NFTs, but integration into social media platforms could help the NFT market in a long run.

Also see: What is DeFi?

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