The start-ups looking for artists to monetize their work by the music industry leveraging NFTs

Web3 promises to be a game-changer in the development of the web. At its center, Web3 is a dream for a more open, decentralized, and safe internet, allowed by advances in technologies including blockchain and machine learning. The software seems boundless, particularly in the context of the entertainment industry.

One of the well-known media players for computer users, Winamp, has added support for music NFTs, alongside some error fixes and currently added features. The new feature will enable customers to play audio files installed in their non-fungible tokens, calling it a Web3 desktop update.

The current version of Winamp will allow music lovers to connect their Metamask wallet through Brave, Firefox including Chrome browsers to Winamp. Additionally, the platform supports ERC-721 and ERC-1155 sound and video files and is viable with both Polygon and Ethereum.

The beginning of Winamp has continually been about accessibility and technology, and today we are proud to release the very first standalone player reading sound NFTs, and any other current formats. It should be defined that the media player is known for providing a broad range of media files, the Winamp team revealed that the NFT support is authoritatively live and all set.

Web3 is based in huge part on an innovation known as the blockchain – basically an immutable digital record – and has led to cryptocurrency, non-fungible tokens (NFTs), the metaverse, and multiple current tools that are remolding how we communicate with technology and each other.

Web3 can clear the way for a globe where artists do not have to fight to protect power and ownership rights over their work, which I like to think should be essential. If Web3 had been around when Swift originally recorded her music, she would have had the option to defend her ownership over it.