Napster just sold for $ 207 million
EMRONICAL Platform to Share Music Napster just selling For $ 207 million, S A company called Infinite Reality raised the money. What can Napster offer in 2025 to guarantee such a price? Infinite Reality CEO John Akunto says it will be used for marketing in the methapers. In other words, a 1999 platform will be used as part of a technology that at first glance has reached its peak in 2021, which sounds around the right one.
Moreover, the company plans to create virtual 3D spaces for music fans to attend concerts and listening to parties, in addition to creating a sales platform for musicians and labels for the sale of Merch. This is not the biggest idea in the world, since the presence of these types of shared events is perhaps my favorite aspect of VR.
"The most legendary collect?! The endless reality has acquired an iconic online music brand @NapsterS
With this acquisition, we expand and rethink Napster, empower performers with audience revenue and engagement, supported by IR’s #immersive… pic.twitter.com/l4fig7qfct
– endless reality (@infinite_ir) March 25, 2025
“When we think of customers who have an audience – influencing, creators – I think it is very important that they have connected space that is around music and music communities,” said Aquo. “We just don’t see anyone in the production space, creating spaces for music.”
Napster has numerous licenses for the transmission of millions of songs, which has made him an attractive perspective on endless reality. The company says its version of Napster will “violate legally.”
The current CEO of Napster Jon Vlassopulos says the purchase will allow artists to create “crazy environments that are really limited only by their imaginations.” As an example, he described a reggae artist who can enjoy a virtual beach environment. Acunto adds that it will be like “Clubhouse Times Trillion”. He means the app for virtual events that But he eventually got out.
The endless reality has been a purchase in the last few years. In addition to Napster, he purchased Metaverse Marketing Platform and the VR shopping platform S
As for Napster, it began in 1999 and stormed the world out of storm, creating an easy way to steal music. It only took a few years to install legitimate battles to catch up with the platform, and it declared bankruptcy in 2001.
However, S The Roxio software company purchased the platform in 2002 and resumed it as a legal e -commerce venture that was selling digital music files. In 2008, Best Buy came to call and stabbed it. The retail giant lingers only for Napster S
Rhapsody tried to turn Napster name a household in Europe for the next decade before a consortium of blockchain companies led by HiveMind and Algorand, S These companies had plans to make some NFT-based nonsense because “Music X Web3 is one of the most exciting spaces.” It doesn’t work and, well, here we are. Here are another 25 years to go around like hot potatoes.
This article originally appeared on Engadget at https://www.engadget.com/enttrainment/music/napster-just-sold- For
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