1: winamp, a music streaming platform launched in 1997, recently announced a new feature allowing users to play audio files embedded in their non-fungible tokens (nfts). warner music group and justin “3lau” blau have also gotten involved, with the former announcing that it would release music nfts through lgnd, a polygon-based marketplace, and the latter launching the royal nft marketplace. winamp’s ceo alexandre saboundjian said the new version of winamp allows people to listen to any file they want, using a player they already love.
2: this development happened last month when justin “3lau” blau launched the royal nft marketplace. winamp supports erc-721 and erc-1155 audio and video files and is compatible with ethereum and polygon. nfts prove digital ownership and provide a tamperproof record of transactions involving a digital asset.
3: winamp’s nft support will be coupled with other updates to make winamp a universal and advanced listening platform. when a collector invests in songs or albums on the royal platform, they get a token representing a percentage of the music’s streaming rights and more. collectors earn royalties alongside the artist and get paid when they do. winamp’s latest version lets music fans link their metamask wallet via brave, chrome, or firefox browsers to winamp. nft enthusiasts have begun exploring applications linking nfts to other digital media like movies, music, tv shows, and real-world assets. winamp will launch a cross-platform creator service in early 2023. winamp was a key part of the first digital music innovation when mp3s changed the way we listen and enjoy music. winamp is now supporting the leading edge of the next digital music innovation as more and more artists explore web3 and its potential.