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AI startup Infinite Reality has bought the erstwhile music-sharing level Napster with plans to adhd a music-focused metaverse to the music-streaming app.
Artificial quality startup Infinite Reality has acquired the music-pirating app turned euphony streaming work Napster successful a $207 cardinal woody and plans to adhd a music-focused metaverse.
Infinite Reality said successful a March 25 connection that Napster would connection “branded 3D virtual spaces” to let virtual concerts and “social listening parties” on with the quality to connection virtual merchandise.
“Imagine stepping into a virtual venue to ticker an exclusive amusement with friends, chat with your favourite creator successful their ain virtual hangout arsenic they driblet their caller single, and beryllium capable to straight bargain their exclusive integer and carnal merch,” said Napster CEO Jon Vlassopulos, who volition proceed successful his relation amid the acquisition.
“The net has evolved from desktop to mobile, from mobile to social, and present we are entering the immersive era,” helium added.
"The astir legendary collab?! Infinite Reality has acquired iconic online euphony marque @Napster.
With this acquisition, we're expanding and reimagining Napster, empowering artists with caller assemblage monetization and engagement capabilities, underpinned by iR’s #immersive… pic.twitter.com/L4Fig7QFct
Infinite Reality added that it besides plans for Napster to let musicians to usage AI lawsuit and assemblage absorption agents and analytics dashboards to way instrumentality behaviour and cross-promotion with its different amusement properties, specified arsenic Esports teams.
Napster’s latest repurposing
Napster was a pioneer successful piracy, launching successful 1999 arsenic a peer-to-peer (P2P) filing-sharing work mostly for music. It shuttered successful 2001, buried by a tribunal bid aft a question of copyright infringement lawsuits.
The now-bankrupt institution sold its brand, which was relaunched arsenic a music-streaming work earlier bouncing betwixt owners for the adjacent 20 years. The blockchain steadfast Algorand and crypto concern steadfast Hivemind astir precocious bought it successful 2022.
Related: Here’s what musicians really deliberation of tokenizing contented successful Web3
Napster had made respective moves successful the Web3 space, announcing plans successful June 2022 to motorboat its ain Napster token connected the Algorand blockchain that could beryllium utilized to bargain euphony subscriptions and different content. The marque besides bought Web3 euphony startup Mint Songs successful February 2023.
Source: Napster
John Acunto, co-founder and CEO of Infinite Reality, said the squad hopes to pb an “internet manufacture displacement from a level 2D clickable web to a 3D conversational one.”
Infinite Reality says the acquisition of Napster is slated to adjacent successful a fewer weeks. According to the firm, it hopes to germinate the Napster marque to go the starring immersive euphony level for artists, fans and curators done assemblage monetization and engagement capabilities.
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