Windows Media Player Winamp To Support Music NFTs
- Classic Windows media player Winamp has announced support for playing music NFTs in its latest 5.9.1 release.
- Winamp currently supports ERC-721 and ERC-1155 audio and video files, compatible with Ethereum and Polygon.
- “This new version of Winamp allows people to listen to any file they want, using a player they already love,” said CEO Alexandre Saboundjian.
Winamp, a media player for Microsoft Windows, has become the latest platform to announce its support for blockchain-based art called non-fungible tokens, or NFTs. The NFT industry has been experiencing a gradual decline in volume although, the platform confirmed that it will support playing music NFTs in its latest 5.9.1 release.
According to a press release from Winamp, the new version of the platform “reduces Winamp’s memory footprint and upgrades security among many other improvements, but it also includes a new way to listen to the latest music format.” The platform which was originally developed by Justin Frankel and Dmitry Boldyrev, claims that “listening has just gotten a major web3 upgrade, thanks to these
“The genesis of Winamp has always been about accessibility and innovation, and today we are proud to launch the very first standalone player reading audio NFTs, as well as any other existing formats ,” explains Winamp CEO Alexandre Saboundjian. “This new version of Winamp allows people to listen to any file they want, using a player they already love.
Additionally, Winamp will let its users link their MetaMask wallets via popular browsers like Brave Browser, Chrome, and Firefox, to the media platform. Thereafter, they can play any music NFT stored in their wallets using the media player. The platform will also support all audio and video files based on ERC-721and ERC-1155 standards and it was also confirmed that this new feature will be limited to protocols based on Ethereum and Polygon (MATIC).
Winamp, a media player with over 83 million users around the world, will allow users to “organize their library and playlists to incorporate these audio files just as they would with any other music.” Soon, additional updates have been promised to bring together scattered experiences of listeners under one roof. The service launch is planned for early 2023 and will be cross platform, confirmed the release.
Saboundjian claims that Winamp was “a key part of the first digital music innovation, when mp3s changed the way we listen and enjoy music.” As a result, the platform’s venture into Web3 and NFTs is only natural.
“Now we’re supporting the leading edge of the next one, as more and more artists explore web3 and its potential,” stated Saboundjian.
NFT Craze Still on the Rise
In the light of similar events, Warner Music Group, an American multinational entertainment and record label, announced its partnership with the OpenSea marketplace, allowing several WMG artists to expand their fan base into the Web3 space.
The NFT craze is still on the rise as recently, leading social media platform, Instagram, announced plans to introduce the direct sale and purchase of non-fungible tokens (NFTs) from the application itself in the coming months. While the features have only been introduced to users in the US, other countries will follow soon.