The longest-running independent music streaming platform Napster might change the Web3 music NFT<\/a> niche this year! The company\u2019s latest acquisition, Mint Songs, is a leading NFT-based music marketplace. Together, the duo aims to connect fans with their favorite artist with new experiences \u2013 and that\u2019s just the beginning.<\/p>\n Napster, a leading independent music streaming service, might also lead the way for Web3 music projects in 2023. This year, the company\u2019s new CEO Jon Vlassopulos\u2019s core goal is to grow Napster\u2019s presence in the Web3 world too.<\/p>\n The first move in that direction was purchasing the popular Web3 music-centered marketplace Mint Songs, the team confirmed in a statement.<\/p>\n \u201cGarrett and team (at Mint Music) have done groundbreaking work helping thousands of artists get their start in Web3, reach their fans in new creative ways through collectibles, and unlock significant new revenue streams,\u201d<\/em> said Vlassopoulos.<\/p>\n Napster has over 20 years of experience in the domain. From label connections to artists and a powerful community, the team is ready to bring their valuable input to the growing Web3 universe with Mint Songs.<\/p>\n In short, Mint Songs<\/a> is an NFT marketplace focused on producing, minting, and trading music collectibles. This platform facilitates artists\u2019 creative process, as well as their means of promoting their own artworks as NFTs.<\/p>\n Thanks to this innovative concept, Mint Songs raised more than $4.3 million in a seed funding round. The round was led by Castle Island Ventures and Freestyle Capital to name a few. However, their partnership with Napster is undoubtedly taking their journey to a new level.<\/p>\n \u201cOur goal all along has been to create deep, engaging, ways for artists to connect with fans that also offer them an opportunity to monetize that fandom. Conversely, we see a demand from fans for a music service to offer more than just on-demand music and podcasts, which makes Napster\u2019s ambitious goals all the more attractive,\u201d<\/em> said Mint Songs Co-Founder Garrett Hughes.<\/p>\n Accordingly, Hughes will become a leading advisor for Napster\u2019s digital journey laying ahead, including new product and tool launches.<\/p>\n Having a company as popular as Napster focusing on Web3 music projects definitely says something about this niche. After all, music NFTs skyrocketed in popularity last year partly due to some big names IRL joining the Metaverse<\/a>.<\/p>\n For example, artists and bands such as Boy & Bear, Nas, Sonu Nigam, and Iman Europe released new tracks, music videos, and even EP\u2019s as NFT collectibles. Moreover, iconic artists such as Eminem and Snoop Dogg took NFTs mainstream with NFT music videos.<\/p>\n Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n![\"image](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/napster-mint-songs-music-nft-web3-buy-scaled.jpg.webp)
\n<\/picture>\n<\/noscript>Why Did Napster Purchase the Web3 Marketplace Mint Songs?<\/span><\/h2>\n
![\"digital](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/napster-music-nft-purchase-scaled.jpg.webp)
\n<\/picture>\n<\/noscript>What is Mint Songs?<\/span><\/h2>\n
Are Web3 music NFTs on the Rise?<\/span><\/h2>\n
Join Our New “To The Moon” daily Newsletter<\/span><\/h4>\n