Startups looking for artists to monetize their work in the music industry by leveraging NFTs

Web3 promises to be a game changer in web development. At its core, Web3 is a dream for a more open, decentralized, and secure internet, enabled by advances in technologies including blockchain and machine learning. Software seems limitless, particularly in the context of the entertainment industry.

One of the most well-known media players for computer users, Winamp, has added support for music NFTs, along with some bug fixes and currently added features. The new feature will allow customers to play audio files installed on their non-fungible tokens, calling it a Web3 desktop upgrade.

The current version of Winamp will allow music lovers to connect their Metamask wallet through Brave, Firefox, including Chrome browsers, to Winamp. Additionally, the platform supports ERC-721 and ERC-1155 video and sound files and is workable with both Polygon and Ethereum.

The beginning of Winamp has always been focused on accessibility and technology, and today we are proud to release the first standalone player that reads NFT sound and any other current format. It should be defined that the media player is known for providing a wide range of media files, the Winamp team revealed that the NFT support is authorized live and ready.

Web3 is based in large part on an innovation known as the blockchain, essentially an immutable digital record, and has given rise to cryptocurrencies, non-fungible tokens (NFTs), the metaverse, and multiple current tools that are reshaping the way we communicate with the Internet. technology and each other.

Web3 can clear the way for a world where artists don’t have to fight to protect power and property rights over their work, which I like to think should be essential. If Web3 had existed when Swift originally recorded her music, she would have had the option to defend her ownership of it.

Share this article

do the share thing

About the Author

More information about the author