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The merger of NFT projects, including Spotify and Moonbirds, has pushed the company’s stock up more than 80% year-to-date.
MOONBIRD, an Ethereum ERC-721 NFT token with a total supply of 10,000 units, will be funded by Spotify Technology SA (NYSE: announced a strategic partnership with SPOT. According to the announcement, Moonbirds owners in the US, UK, Australia and several other select geographic regions will be able to access the Moonbirds playlist dubbed The Sound of Digital Renaissance on the Spotify platform. It says.
However, according to the announcement, only Android Moonbirds users will have access to the pilot program.
The Moonbirds developers reportedly see the partnership with Spotify as an opportunity to move from Web2 to Web3 through the NFT industry. As a result, NFT holders will have the opportunity to access more utility while keeping their assets on the blockchain.
In particular, Digital Renaissance Sounds was curated by Twitter user @dannylee in collaboration with SongBirds @TheSongBirds.
“This playlist will inspire the creativity of the community and artists with multi-genre hits from artists like Tame Impala, Diplo, and more,” says Moonbirds. I got it.
The Moonbirds team is committed to continuing to build additional utilities for NFT holders to enable value creation. Additionally, there are thousands of NFT projects across the blockchain industry, all competing for the same market.
moonbirds economics
According to market data provided by CoinGecko, the floor price of the MOONBIRD NFT on Friday, May 12 was 2.08000 ETH, equivalent to approximately $3,673.92. Additionally, the Moonbirds NFT project has a market capitalization of approximately 20,800 ETH, equivalent to approximately $36,739,241, with a daily trading volume of approximately 80.47 ETH.
The Moonbirds project reportedly has about 10,000 unique digital assets with a total of 6,449 owners. MOONBIRD NFTs can now be traded on OpenSea and LooksRare.
However, OpenSea dominated the Moonbirds NFT volume in the last 24 hours.
Spotify expands market with NFTs
Earlier this year, the KINGSHIP NFT project, a subgroup of Board Apes signed with Universal Music Group (UMG), announced a strategic partnership with Spotify on a pilot program to unlock specific playlists.
“All you need to unlock this playlist on Spotify is a KINGSHIP keycard NFT. For now, this pilot is only available to Android users in the US, UK, Germany, Australia and New Zealand.” I got it.
Similarly, Apple has introduced some internal policies that restrict the functionality of NFTs, making the partnership with Kingship available only to Android users.
The stock market is up more than 80% year-to-date due to the consolidation of NFT projects including Spotify and Moonbirds. Spotify’s stock fell 2.98% today, trading at around $142.68, according to the latest stock market data.
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