A spokesperson for the platform said in a statement: “Spotify is conducting a test in which a small group of artists helps promote existing third-party NFT shows through artist accounts.
Spotify is testing a way for artists to display NFT icon sets. The music streaming company has released the test for some Android users in the US, and it currently includes NFT previews by artists like Steve Aoki and The Wombats.
He added, “We routinely run a number of tests in an effort to improve the experiences of artists and fans. Some of these tests end up paving the way for a broader experience while others serve the task of learning.
More companies are trying to catch up with the NFT wave. But it appears that this initial increase may fade (at least for the time being).
According to the Wall Street Journal, daily NFT sales are down 92% from 225,000 in September of last year to just 19,000 as of May 3.
The number of active NFT wallets is also declining, from around 119,000 in November to 14,000 at the end of April.
After navigating to both the Steve Aoki and The Wombats artist pages, the NFT Gallery appears below the playlist.
Clicking it shows a set of NFTs that you can scroll through. If you select NFT, you see an enlarged version of it, along with a short description.
Spotify allows artists to promote NFT
The platform also gives you the option to see more, which directs you to the OpenSea NFT page where you can purchase it.
But the song streaming platform doesn't seem to support NFT which are videos or GIFs. The platform shows a still image of the NFT in the app, not the full video.
It also has no sound, which is odd for a music streaming platform. You can listen to the NFT or see if it's a video or GIF by clicking through its page within OpenSea.
Spotify will not get commission for any NFT sales made through the app, as it is only testing the integration.
It's also not clear if the audition is available to any other artists or if it's limited to Steve Aoki and The Wombats at the moment.
And rumors surfaced about Spotify entering the Web3 space in March. This came after the company published two job listings related to blockchain technology and NFTs.
Some users have also reported seeing a survey pop up through their app asking about their feelings about NFT.