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What Does Spotify Island Mean for Music in the Metaverse?

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Is your top 10 headed to the metaverse? 

Spotify  (SPOT) - Get Spotify Technology SA Report teamed up with Roblox  (RBLX) - Get Roblox Corp. Class A Report with its Spotify Island, where fans can meet artists, play quests and even create their own music.

"Through this interactive world, we’re creating a place where fans can link up and create new sounds together, hang out in digital spaces, and gain access to exclusive virtual merch. Spotify Island is an audio oasis that has it all," Spotify said in a press release. 

The island includes a stage area where players can feel like they are performing. 

Spotify didn't specify whether users can expect concerts from top artists in the metaverse, it wouldn't be the first time a major celebrity took the virtual stage. 

While Spotify may be the first streamer in the metaverse, games such as Fortnite have already put on shows from Justin Bieber and Travis Scott. 

FULL VIDEO TRANSCRIPT BELOW:

We have the first music-streaming brand to enter the metaverse via Roblox.

It’s your boy Ross Mac and this is what cryptocurrency investors are watching on Wednesday, May 4.

Spotify is joining the metaverse, by building Spotify Island on Roblox, where fans from all over can meet artists, do quests and even create their own music.

Spotify has said that they want to turn the players into creators with the island, and there's a stage area where the players can feel like they're performing.

The company did not specify whether the stage will be used for virtual concerts, but--while Spotify is the first music streamer to establish an official presence in Roblox--games such as Fortnite have already thrown virtual concerts.

It’s your boy Ross Mac and that was the Crypto Minute on TheStreet. 

TheStreet's Crypto Minute is brought to you by Blockchain.com.

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