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Napster To Launch A Decentralized Music Ecosystem On Algorand

Twitter icon  •  Published 4 years ago on June 30, 2022  •  Hassan Maishera

The Algorand team announced via Twitter on Wednesday that Napster is set to launch a decentralized music ecosystem on its blockchain.

Napster To Launch A Decentralized Music Ecosystem On Algorand

The Algorand team announced via Twitter on Wednesday that Napster is set to launch a decentralized music ecosystem on its blockchain. Napster is a decentralized music streaming platform. The ecosystem will empower music makers, rights holders and fans while bringing them closer together, Algorand added. 

Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network". ALGO is trading at $0.2975 at press time, down by more than 4% in the last 24 hours.

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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