Winamp skin selling an nft

winamp skin selling an nft

It’s perhaps enough to know that Napster is in good (or at least familiar) company. Earlier this year, it was announced that fellow star of the early-2000s piracy firmament Limewire was being revived as a platform for NFTs, while owners of the once-great (and aesthetically enduring) music player Winamp announced they’d be selling the software’s original skin as an NFT and creating the Winamp Foundation “to help musicians across the world to make the music they love.” (Is the blockchain involved? It’s not clear.)

Although web3 advocates claim that tools like the blockchain and NFTs are a way to deliver more value to smaller players, these technologies have really come into their own as financial instruments for leveraging nostalgia.

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Winamp skin selling an nft

It’s perhaps enough to know that Napster is in good (or at least familiar) company. Earlier this year, it was announced that fellow star of the early-2000s piracy firmament Limewire was being revived as a platform for NFTs, while owners of the once-great (and aesthetically enduring) music player Winamp announced they’d be selling the software’s original skin as an NFT and creating the Winamp Foundation “to help musicians across the world to make the music they love.” (Is the blockchain involved? It’s not clear.)

Although web3 advocates claim that tools like the blockchain and NFTs are a way to deliver more value to smaller players, these technologies have really come into their own as financial instruments for leveraging nostalgia.

Winamp is doing NFTs now, because you either die a hero or live long enough to see yourself become the villain.

Announced to widespread derision on Wednesday, Winamp will auction off the media player’s original skin as a one-of-one NFT on OpenSea, with bidding to start on May 16 and run until May 22. It then intends to sell 20 more artworks starting from May 23, all of them duplicated around 100 times to create 1997 NFTs in total (a nod to the year the program launched). Each will cost 0.08 ETH, which is approximately $225 at the current conversion rate, so if all 1997 NFTs are sold it would total almost $450,000.

These 20 designs will be derived from the original Winamp skin, and chosen from public submissions.

“Send over your derivatives to us,” reads Winamp’s website.

Napster’s reimagined future?

To dive down into the murky waters here, the lead players buying Napster are Hivemind, a “a crypto-focused investment firm dedicated to blockchain technologies, crypto companies and the digital assets ecosystem,” and Algorand, operators of what is claimed to be “the world’s most decentralized, scalable, and secure blockchain infrastructure.”

Matt Zhang, a managing partner at Hivemind, announced the acquisition on LinkedIn (which we spotted via MusicAlly), noting that “volatile market and uncertain times often bring exciting opportunities,” and that “Music x Web3 is one of the most exciting spaces we’ve come across.”

Again: we’re doing great guns here when it comes to buzzword bingo, but explanations of what Napster’s future business model might actually be are thin on the ground.

Never mind.


There will be other creative operations to raise funds and this will not only be about NFTs. Our mission is to support music and musicians and we are proud to help them through this initiative. The Winamp NFT Initiative is a creative and innovative operation that will at the end support music and musicians, it also give visual artists the opportunity to share their arts, get recognition, and [earn] revenue…

“[Winamp] has always looked towards the future and not the past, we embrace innovation….
We understand that some of our users may be surprised but we are confident that they will like the new platform.”

Launched in 1997, Winamp was the preferred media player for millions of millennials in the early days of the internet.

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While Music Fund is the only charity the foundation currently supports, a Winamp spokesperson told Mashable it is open to discussions with any other music-focused charities who may reach out.)

Still, it is possible to support charity without also turning to widely loathed blockchain technology.

It also feels as though the charity is actually coming from the artists, rather than Winamp itself. While 80 percent of the income from these NFTs’ initial sales will go to the Winamp Foundation, only 20 percent will be paid to the artists — around $45 per NFT. On resale, 80 percent goes to the reseller, 10 percent to Winamp, and 10 percent to the artist.

“The Winamp NFT Initiative is the first operation that will bring funds to support charity projects through the Winamp Foundation,” a Winamp spokesperson told Mashable.

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