Veteran music streaming firm is setting foot into the Web3 area as they announce the launch of their token on Algornad. The corporate launched a litepaper that acknowledged that the corporate will construct its thrilling streaming system on the layer-1 blockchain.
The litepaper states that Algorand is the one carbon-negative blockchain that at present exists.
“Napster will unlock all of the alternatives of Web3 for followers, proper holders, and music makers”, the paper reads.
Napster
Everyone knows Napster – nearly. Based by Sean Parker in 1999, Napster is a peer-to-peer music-sharing platform that principally defeated bodily CDs.
Attributable to some lawsuits from music rights holders, the corporate ceased operations in 2001 and declared chapter in 2002.
The identify Napster was revived by Greatest Purchase in 2016 when it merged it with their model Rhapsody.
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