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Napster just sold for $207 million
The once-iconic music-sharing service Napster just sold for $207 million. A company called Infinity Reality purchased the brand.
Acunto adds that it’ll be like “Clubhouse times a trillion.” He’s referring to the virtual events app that became popular during COVID, but eventually petered out. The software company Roxio purchased the platform in 2002 and relaunched it as a legitimate e-commerce venture that sold digital music files. Rhapsody tried to make Napster a household name in Europe for the next decade before a consortium of blockchain companies, led by Hivemind and Algorand, bought it in 2022.
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