Infinite Reality is acquiring Napster to develop immersive virtual spaces where artists can host concerts, engage with fans, and sell merchandise, leveraging Napster’s licensed music catalog and established brand as a foundation for these new experiences.

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As it happens, Napster now has the licenses to (legally) stream millions of music tracks, and John Acunto, Infinite Reality's CEO, told CNBC the plan is to build virtual spaces for concerts, listening parties, and merch sales.
Infinite Reality plans to build 3D virtual spaces where fans can experience concerts, join listening parties, and interact with artists