Hassan Maishera
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.
