Napster acquires Web3 music startup Mint Songs
Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here.
Napster, the original music disruptor and long-running independent music streaming service, has acquired Web3 music startup Mint Songs.
Mint Songs runs a non-fungible token (NFT) marketplace that helps music artists build Web3 communities as well as mint songs and provide exclusive art for their fans to own and trade.
Mint Songs previously raised $4.3 million from investors including Freestyle Capital and Castle Island Ventures and worked with top Web3 artists like Gramatik, Mark de Clive-Lowe, and Black Dave among many others to offer exclusive NFT items. Napster also announced that it has hired Mint Songs’ Nate Pham to lead its Web3 product initiatives. Prior to Mint Songs, Nate held senior product roles at Pandora and UnitedMasters.
When former Roblox executive Jon Vlassopulos joined Napster as CEO at the end of last year, he announced the company’s plans to look for acquisitions within the Web3 and broader digital music startup ecosystem. This is the first of a series of acquisitions Napster intends to make to speed up its Web3 feature rollout plans.
GamesBeat Summit 2023
Join the GamesBeat community in Los Angeles this May 22-23. You’ll hear from the brightest minds within the gaming industry to share their updates on the latest developments.
“When I joined, we were talking about Napster Ventures and looking at the opportunity in the marketplace for potential roll-ups,” said Vlassopulos. “To speed up our go-to-market of the Web3 features that we saw as a natural to evolve from where we are, we were so excited. They’re great. I think there’s been so much innovation in the Web3 music space.”
Mint Songs’ co-founder and
Read more on venturebeat.com
