“Napster? Is it 1999?” The sale of Napster for $207 million by the 3D tech company Infinite Reality has sparked disbelief and nostalgia among millennials. Founded in 1999 by Shawn Fanning and Sean Parker, Napster was shut down in 2001 after causing panic in the music industry. Infinite Reality plans to use the Napster brand for a metaverse concept similar to “Fortnite” concerts, aiming to create 3D virtual spaces for virtual concerts. Internet users expressed shock at the sale price and shared nostalgic memories of the music-file-sharing era. Despite its ups and downs, Napster has left a mark on modern media distribution, inspiring platforms like Spotify. John Acunto, CEO of Infinite Reality, plans to build virtual spaces for concerts, listening parties, and merch sales, emphasizing the importance of a connected space around music communities. — news from Business Insider
