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Spotify is looking to hire a senior engineer to work on upcoming technologies like Web3. As the next phase of the Internet, Web3 will be largely supported by blockchain technology. Spotify wants to experiment with the Web3 space, especially at a time when elements like its metaverse and NFTs are witnessing massive adoption and raking billions from zealots. As of now, Spotify has not associated its brand with any elements of the Web3 space.

The appointee will be part of Spotify’s experimental growth team. One of the main areas of focus for the selected candidates will be working with Web3 components and planning the next big for the music streaming giant.

“You’ll foster collaboration through product, insight, and design to uncover the next growth opportunity leveraging new technologies like Web3,” reads Spotify’s LinkedIn post.

Job listings require experience leading exploration and prototyping new products.

Statistics platform Statista claims that the third quarter of 2021, around 381 million monthly active users (MAUs) worldwide streamed music or podcasts via Spotify.

Given that international music artists such as Travis Scott, Justin Bieber, Marshmello and Ariana Grande have recently performed virtual worlds, seems natural for Spotify to explore Web3 plans.

However, Spotify isn’t the only popular brand looking to foray into the Web3 space.

YouTube has begun looking for a program management director to develop and lead its Web3 strategy and integrate elements such as non-fungible tokens (NFTs) and the metaverse into its platform used by more than 2 billion people worldwide.

Indian music label T-Series also recently announced its entry into the metaverse partnership with Hungama Digital to create NFTs from a vast catalog of new and existing Bollywood content parented by T-Series.

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Recently, Microsoft released a similar job listing. The software giant was looking for a business development director earlier this month – Cryptocurrency, and the application process was closed three days.

Cryptocurrency is an unregulated digital currency, not legal tender, and there are market risks. The information provided this article is not intended to and does not constitute financial advice, trading advice or any other type of advice or recommendation given or endorsed by NDTV. NDTV is not responsible for any losses arising from any investment based on any perceived recommendations, forecasts or any other information contained in the article.

By Rebecca French

Rebecca French writes books about Technology and smartwatches. Her books have received starred reviews in Technology Shout, Publishers Weekly, Library Journal, and Booklist. She is a New York Times and a USA Today Bestseller...