News NFTs: O.G. Audio App Winamp Adds Ethereum and Polygon Music NFT Support The MP3 player from the ‘90s is marking its return with a push into the blockchain music scene. #News #Business #Crypto

In its latest update, the classic Windows media player Winamp has integrated music NFTs into its platform. Winamp’s new feature will allow users to play audio files embedded in their non-fungible tokens, calling it a Web3 desktop upgrade. Launched in 1997, Winamp’s latest version lets music fans link their Metamask wallet via Brave, Chrome, or Firefox browsers to Winamp. 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. In recent years, NFT enthusiasts have also begun exploring applications linking NFTs to other digital media like movies, music, tv shows, and real-world assets. “The genesis of Winamp has always been about accessibility and innovation, and today we are proud to launch the very first standalone player reading audio NFTs, as well as any other existing formats,” said Winamp CEO Alexandre Saboundjian in a statement. “This new version of Winamp allows people to listen to any file they want, using a player they already love.” Winamp says its NFT support will be coupled with other updates to make Winamp a universal and advanced listening platform that will include a cross-platform creator service that will launch in early 2023. “Winamp was a key part of the first digital music innovation, when mp3s changed the way we listen and enjoy music,” Saboundjian said. “Now we’re supporting the leading edge of the next one, as more and more artists explore web3 and its potential.” Earlier today, Warner Music Group announced that it would release music NFTs through LGND, a Polygon-based marketplace. Last month, musician, entrepreneur, and music NFT enthusiast Justin “3LAU” Blau launched the Royal NFT marketplace. According to Royal, when a collector invests in songs or albums on the platform, they get a token representing a percentage of the music’s streaming rights and more. “You earn royalties alongside the artist and get paid when they do,” the Royal website says. By Jason Nelson, Dec 7, 2022, https://decrypt.co/116598/og-music-app-winamp-adds-ethereum-and-polygon-music-nft-support

vya4slav's Recent Blog Posts

Cryptocurrency exchange FTX said it owes $3.1 billion to its top 50 creditors, according to documents filed Saturday in Delaware bankruptcy court. Even though the filing did not disclose…
2 years ago
Following the collapse of FTX and Alameda Research, crypto trading platforms are rushing to show that clients’ assets are safe and not being used for speculation, but “proof of reserves, at least in…
2 years ago
Emurgo, the official commercial arm and a founding entity of the Cardano blockchain, plans to launch USDA, a U.S.-pegged stablecoin, in early 2023, the company told CoinDesk. USDA will be the first…
2 years ago
Bank of America today said it is downgrading the stock of U.S. cryptocurrency exchange Coinbase from buy to neutral. The price of COIN is down 7% over the last 24 hours and is currently trading at $…
2 years ago
Crypto exchange FTX collapsed spectacularly into bankruptcy last week as trust in its accounting for billions of dollars in assets vanished. In the fiery aftermath, some critics are blasting…
2 years ago