Music streaming giant Spotify is increasing its focus on Web3 by testing token-enabled playlists in several major venues.

On February 22, Overlord, a Web3 gaming platform, announced that it will partner with Spotify. People who have non-fungible tokens (NFTs) from Creepz on Spotify can now access Overlord’s token-enabled community curated playlist using their Web3 wallets. Previously, this feature was only available on Spotify. Playlists can only be unlocked by those using Android who are from the United States, United Kingdom, Germany, Australia, or New Zealand.

In addition, members of the Fluf, Moonbirds, and Kingship metaverse communities will participate in the test project for a period of three months. Although Fluf and Moonbirds have not released any information about their partnership with the streaming service to the public, Kingship has stated on Twitter that it will be participating in a pilot program. Users must have a Kingship Key Card NFT to open the song list, which includes popular songs from artists such as Queen, Missy Elliott, Snoop Dogg, and Led Zeppelin.

The news caused a significant increase in the number of Web3 music tokens. For example, the value of Viberate’s native token (VIB) increased by 33 percent. The value of other tokens, such as Audius (AUDIO) and Rhythm (RHYTHM), increased by 4% and 2.5%, respectively.

In May 2022, Spotify began running experiments using NFT galleries on artist profiles. Users could view the artists’ NFTs and then be redirected to the OpenSea website where they could buy the stuff, even though there was no direct purchase facility on this platform.

One of the fastest developing industries for the use of cryptocurrencies continues to be the music industry. A collaboration between value-for-value podcast platform Fountain and Zebedee was announced at the end of January. This cooperation would enable Bitcoin (BTC) micropayments for podcast listeners. Royalty rights to Rhianna’s popular 2015 song “Bitch Better Have My Money” were included in a collection of 300 non-functional tokens that went on sale in February.