Spotify is looking to hire a senior engineer to work on upcoming technologies like Web3. Touted as the next phase of the Internet, Web3 will largely be powered by blockchain technology. Spotify wants to give the Web3 space a try, especially at a time when its elements like the metaverse and NFTs are seeing massive adoption and billions of dollars in revenue from enthusiasts. Currently, Spotify has yet to associate its brand with any element of the Web3 space.
The appointee will be part of the Spotify’s experimental growth group. One of the main focuses of the selected candidate will be on using Web3 components and charting the next big step for the music streaming giant.
“You will work to facilitate collaboration with product, insights, and design to uncover the next growth opportunity leveraging new technologies, such as Web3“Spotify LinkedIn Post” read.
The job listing required experience with top discovery and new product prototyping.
During the third quarter of 2021, approximately 381 million monthly active users (MAUs) streamed music or podcasts via Spotify around the world, the platform reports. Statista declared.
It seems natural for Spotify to explore Web3 initiatives as international music artists like Travis Scott, Justin Bieber, Marshmello, and Ariana Grande have performed in reverse Recently.
However, Spotify isn’t the only popular brand looking to enter the Web3 space.
YouTube began looking for a project manager to develop and lead Web3 strategies and integrate elements such as token is not replaceable (NFTs) and metaverse to its platform used by more than two billion people worldwide.
Indian music label BILLION LINE also recently announced its entry into the metaverse in partnership with Hungama Digital to create NFT from the vast portfolio of new and existing Bollywood content curated by T-Series.
Recently, a similar job listing was posted by Microsoft also. The software giant was looking for a Business Development Manager – Cryptocurrency earlier this month and the application process was closed within three days.
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