Music tokens are surging on the news of Spotify (NYSE: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 (CRYPTO: VIB), a music data analytics platform’s native token VIB was up 33%, trading at $0.13. Some other music tokens like Audius (CRYPTO: AUDIO) rose 4% and Rhythm (CRYPTO: RHYTHM) was up 2.5%.
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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.
Overlord x @Spotify
We’ve been selected as one of Spotify’s partners in a new pilot.
Exclusive pilot of their token-enabled playlists
Launching with a holder-curated playlistDetails below pic.twitter.com/MDTjPRCXS5
— Overlord (@Overlord_xyz) February 22, 2023
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