SOUNDCLOUD ACQUIRES NINA PROTOCOL POST-SHUTDOWN

Nina Protocol, which had pivoted toward blockchain-based music distribution, ceased operations earlier this year before being acquired by SoundCloud. The deal transfers the startup's accumulated assets to the larger streaming platform. Through the acquisition, SoundCloud gains access to Nina's editorial archive and music discovery infrastructure. The company plans to integrate these tools into its existing platform, which serves independent artists and creators. SoundCloud has positioned itself as a platform for emerging and independent musicians, competing with Spotify and Apple Music. This acquisition represents the company's continued investment in tools and features tailored to that audience. Details regarding the financial terms of the deal remain undisclosed. The integration timeline and specific features that will transfer to SoundCloud have not been announced.