Algorand (ALGO) – Streaming company Napster has a new CEO

Jon Vlassopulos, the new boss of Napster, is a former top executive at Roblox. At Napster, he will be in charge of launching revolutionary musical projects related to the metaverse and immersive and interactive experiences.

According to W. Sean Ford, CEO of Algorand, Mr. Vlassopulos has a very innovative vision of online music creation, based in particular on the relationship between artists and their fans thanks to the new media offered by Web3 technology.

With the advent of Web3 technology, we now have an unprecedented opportunity to connect artists and fans in new and innovative ways, while making the fan experience more fun and social. “, explains Jon Vlassopulos.

Algorand in the music industry.

should be noticed that Algorand has great ambitions in the musical field. Therefore, the company behind the ALGO cryptocurrency has decided to launch a new development fund dedicated to artists.

The fund will be created in collaboration with Napster and will help artists understand the codes of Web3 in order to make a successful career there. Therefore, this support will focus on marketing and supporting the development of new artist projects on an international scale.

Algorand has also joined new investors such as SkyBridge Capital, Alumni Ventures, Borderless Capital and G20 Ventures to participate in Napster’s next funding round.

Algorand’s interest in the music industry can be seen as a diversification strategy aimed, for example, at popularizing the company and its flagship token in other circles. Napster’s relationship with the metaverse, considered by many to be cryptocurrency’s most important long-term growth engine, is part of this policy.

read also Blockchain innovation: Algorand distributes $50 million over five years

something it traded at $0.369 on Tuesday, September 27 at the time of writing. According to Digital Coin Price’s prediction, the price of the token may exceed $0.7 by the end of 2025, while Gov Capital expects $10.19 in the next five years.

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