Napster has operated under various guises and owners during its 20-year history.
Commenting on opportunities for Napster in the Web3 space, Vlassopulos says that this is just “the beginning of a massive multi-billion dollar market, so we’re not ruling out the possibility of raising a much larger round in 2023 to fuel our growth and finance acquisitions to maintain a leadership position in this space”.
In May 2022, the platform was acquired yet again, by its current owners Hivemind and Alogrand, with plans to expand the Napster brand into the Web3 space.
I have a long history with Napster dating back more than 20 years.
“AT ROBLOX I WAS ABLE TO HELP BUILD A WHOLE NEW CREATIVE AND COMMERCIAL INDUSTRY IN THE METAVERSE FOR ARTISTS AND FANS.
It was, and is, all about fandom, bringing artists and fans closer together to unlock new commercial and creative opportunities.
Web3 is going to fundamentally change the creator economy for the better allowing artists to own a direct relationship with their fans and be able to monetize that relationship across many creative outlets beyond just music.
We hope to be able to give artists a much broader palette with which to paint beyond just putting out songs.
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