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Infinite Reality acquires Napster for $207 million to build a music metaverse
03-26 02:45

Odaily News Artificial intelligence and metaverse company Infinite Reality announced that it has acquired the old music platform Napster for US$207 million, planning to transform it into a music metaverse platform.
Napster CEO Jon Vlassopulos will continue to stay in office, saying that this will push the music experience from "mobile social" to the "three-dimensional immersive" era. Napster issued platform tokens on the Algorand blockchain in 2022, and this acquisition marks its further transformation into the Web3 field. (Cointelegraph)

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Analysis: Paradigm may hold approximately 19.13 million HYPE tokens, worth approximately $765.4 million
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