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Napster is rebranding around cryptocurrencies and NFT's, according to Bloomberg.
The company, which gained notoriety for giving away music, will launch its own native token under the ticker $NAPSTER.
Users will be able to buy tickets and other products on Napster's new platform with the coin.
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Napster, which gained notoriety two decades ago for giving away music, is planning a comeback centered on cryptocurrencies and non-fungible tokens, according to Bloomberg.
The new venture is part of Hivemind Capital Partner's private acquisition of Napster. Hivemind is former Citigroup executive Matt Zhang's cryptocurrency project. Napster will issue its own native token, $NAPSTER, for users to buy tickets and other products on the new platform.
Napster's latest revival comes as digital assets have plunged recently along with other risk assets as inflation worries and recession concerns rattle traditional markets. The total...
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