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Functionality
Similar to NFT photos, music NFTs work by providing a link to a digital audio file rather than a link to a JPG. The advantages include that artists can make more money by establishing scarcity (for instance, by releasing one-of-a-kind or limited-run records) and by receiving a portion of NFT sales that occur amongst fans. But because Winamp is a modernized version of a Windows 98 music player, it is a little awkward in how it supports NFT music. NFT music library owners must export their collections from whatever platform they use, then import them as.m3u playlists into Winamp.
Payments
This recent version of Winamp enables music lovers to connect their Metamask wallet to Winamp using Brave, Chrome, or Firefox. Then, it links their preferred music NFTs to their dependable player. Winamp is also introducing this new capability for Ethereum and Polygon/Matic protocols and allows audio and video content to be distributed under both the ERC-721 and ERC-1155 specifications.
Fixes
An updated rendering engine for Winamp’s in-app browser would be necessary in order to immediately display webpages required to download these NFT playlists since the existing rendering engine is based on Internet Explorer 10. The updated version of Winamp features a memory footprint decrease, an increase in streaming music bandwidth, an upgrade to OpenSSL 3.0.5, as well as a few additional codec and software upgrades.