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Metaverse music startup buys the Napster brand for $207 million.
More than 25 years ago, Napster opened a music IP can of worms, and long after the lawsuits ended, its zombified name has stuck around for connections to iHeartRadio, Rhapsody, and NFTs. Now CNBC reports that something called Infinite Reality has bought the brand, intending to market metaverse music experiences where it will “...create virtual 3D spaces that allow music fans to enjoy concerts or listening parties together, and let musicians or labels sell physical and virtual merchandise.”
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