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iHeardMedia to create tokenized metaverse community with special access to iHeart events, influencers, and collectable NFTs.

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iHeartMedia announced today that it is extending its presence into web3 and the metaverse, beginning with plans for the creation of iHeart events and experiences for listeners and music fans on Roblox, a global platform bringing millions of people together through shared experiences

Bob Pittman, Chairman and CEO of iHeartMedia, made the announcement:

“Although there are a number of great new products for the metaverse and web3 from a wide array of creators, with our unparalleled audience reach, multiple platforms, and our trusted broadcast and podcast hosts, iHeartMedia is uniquely positioned to build the consumer awareness, understanding and demand necessary for those new products and platforms from both us and others to succeed. We see this as a unique opportunity to serve our listeners’ needs, provide an important new layer of growth for the company, and help develop the advertising and consumer potential for the metaverse and web3.”

As part of this overall strategy, in 2022 iHeartMedia plans to bring immersive musical moments to the over 47 million daily active users on the Roblox platform and launch its first tokenized community, building a new token that will incentivize and reward the iHeart creator community in new ways and give iHeart’s fans unique access to offerings across its multiple platforms. As part of the expansion, iHeart will introduce a series of collectible non-fungible tokens (NFTs), building on the success of its previously launched iHeartRadio Music Festival NFTs.

“In the same way in which we believed in and committed to digital radio and podcasting – and became the strong number one in both — we are big believers in the incredible potential of web3. We have already stepped into the metaverse with NFTs and have much more to come. iHeart’s place in this ecosystem — giving fans extraordinary access to the special events and influencers we provide every day of the year — is what we’re focused on building out as we work with key partners and develop an easy-to-use ramp to the metaverse and web3 for the mass market.”