Napster appointed Jon Vlassopulos as its next CEO.
Vlassopulos was formerly Vice President and Global Head of Music at Roblox. He is credited with building its music initiatives and bringing artists into the metaverse via interactive, immersive, and hyper social experiences.
"I have spent the last three years working hard to establish new, creative, and commercial opportunities for artists in the metaverse and I am looking forward to working alongside the amazing Napster team, our current and future partners, labels, artists, publishers, brands, and startups to bring mainstream fans to Web3," Vlassopulos said.
Napster, an independent music streaming service, also announced a new funding round with participation from existing investors and new backers including Hivemind, Algorand, SkyBridge Capital, Alumni Ventures, Borderless Capital, and G20 Ventures.
The funding will accelerate Napster's Web3 initiatives. Brevan Howard Digital, Arrington Capital, and RSE Ventures are also among the existing investors of the music brand.
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