NAPS.L Share Chat (NAPS)

Seems we have been in the hands from one basket case to another.

Within the same calendar year of IR taking it over the whole thing has fallen apart.

They paid £307 m for it , three times more than Algorand but as legacy stakeholders we haven't received anything.On the contrary simultaneously the small cash distribution we were getting, dried up. They even kept quiet about the demise of Fort Lauderdale. Even Google AI have been in the dark about.it

Is this what Trump means when he talks about his subjects' businesses - America First (the rest nowhere if you'r a UK shareholder).

Or even saga!

Https://www.forbes.com/sites/phoebeliu/2025/11/23/napster-said-raised-3-billion-mystery-investor-now-the-investor-money-gone/ what an appalling aga this has turned out to be. probity would not appear to be a concept with which napster is familiar!

'fraid not, jambor. i continue to read this bb, but i m personally not expecting to hear or receive anything further.perhaps i will be plesanrtly surprised one day.

No news still and no payments since the buyout, anyone got any info?

Have looked at Google Mode AI which looks on top of the game info-wise.

As legacy stakeholders we should be paid in one form or another e.g. cash or tokens following IR's takeover of NM Inc. But this does not appear to be IR's intention. I hope I am wrong but are we getting shafted here?

The subsequent lawsuit by Sony against Napster for unpaid licensing fees doesn't help matters.

Have a look at Scotchy's posts of 6 June, 27 June, and 1 July.

Just checking in, anyone have an updates, we haven't received our monthly payment that we've been getting every other month or so. any news on Tokens or anything?

Afternoon albert. thanks for that. the wait goes on!

Good morning Italian.

IR acquired Napster ostensibly for the name, though I'm not sure how much it resonates in UK or US. And then again a name change could be a legal wipe-the-slate-clean exercise, (reading Forbes concerns).

Napster Spaces is still in beta mode so they are not yet monetised. The tokens will need to wait until they are.

Https://www.forbes.com/sites/phoebeliu/2025/05/22/napster-is-back-as-mysterious-15-billion-upstart-rebrands-as-an-ai-outfit/ came across this on another board. dont think it adds anything really to current knowledge, but it does seem to suggest a monstrously complicated and confused situation. make of it what you will.

Very interesting, scotchy. thank you.

hi jambor, etc.

i hope the following summary provided by the group is of some help.

it might help people here to know that the company has agreed to communicate with the members of the telegram group by nominating one individual to be the contact point. understandably, napster cannot have hundreds of people asking very similar questions.

following an initial conversation between the named contact and someone from napster, we've learnt a number of useful things:

1. the small cash payments some people have been receiving approximately once a month are because napster's working capital at the takeover was found to be higher than was used to calculate the cash consideration. those payments are now nearly finished. the final payment will make sure that everyone has been paid their due, regardless of the broker they use.

2. the company still plans to launch a product that uses tokens. it is public news that this will now be on polygon rather than algorand. those who had managed to claim their tokens on algorand will either have them bridged across or have them cancelled and immediately reissued. the plans are still being developed, but while there are no promises investing in a start-up firm there will hopefully be positive movement this calendar year.

the best way to keep up with any future updates is to join the telegram group. if you're not on telegram, it's very easy to join, and as long as you set your privacy settings to make things like your phone number hidden to all, the process doesn't give away your contact details. (it's not like whatsapp).

the link for the telegram group is ....*************+0okzs2knl8k5zdq0

Morning Scotchy

I cant get this to work - if there's anyway you can share the info of what's happening with NAPS on here, that would be appreciated.

Sorry but it won’t show the TG group Link.

Last try, but you’ll need to add it altogether (in Notes App on phone or something similar).

https://

t.

me/

+0okzs2knl8k5zdq0

If this doesn’t work, I’ll ask the group Focal Point if he’s happy for me to share some of the latest correspondence.

for the bit of the link missing at the start its:

*************

then add to the +0okzs2knl8k5zdq0

*************+0okzs2knl8k5zdq0

Hi, Italian, Jambor, Scotchy.

Interesting AM is still around. Presumably he is working with Napster Foundation who deal with financial things. Including the tokens, if and when.

They're going to have to reach out to the legacy stakeholders (us) at some point, if this is to progress the way IR are hoping for.

Interactive investor know nothing so suspect the same from HL - I speak to Simon Cole via social media every now and then, he was non exec Director at Naps, he said it’s Anthony Matchette that’s deals with these payments, I can’t find him on any SM as he would be the one to ask about what’s happening so if anyone know a way of getting hold of him, that would be good

Evening albert.is this the opposite of death by a thousand cuts.will we find the payments go on for years getting bigger every time! only joking of course. likewise i have no idea what is going on and why the latest payment represents.it really is appalling that we are kept in the dark , with no proper explanation.i'm tempted to contact HL to see if they have any information which they are not passing on, but i imagine it would be a waste of time. anyway, at least it is another payment.

Another payment yesterday. At $0.06068/share this is more than previous amounts, although I'm still not sure what they represent.

And I'm baffled by science when I read what IR (Napster Corp) have to say.

Still, their posts are slick and look convincing.

Another one today!

infinite reality to rebrand as napster corporation; launches ai-powered platform that transforms a traditional website into an intelligent, interactive web experience built for the next generation

boca raton, fl — may 15, 2025 — infinite reality™ (ir) a global leader in immersive digital experiences, today announced the company will rebrand as napster corporation, adopting the iconic name synonymous with digital disruption, innovation, and bold challenge to the status quo. alongside this landmark update, the company is also launching a new division, napster ai, which will serve as the home for all of its ai products and services—beginning with napster spaces, now available in beta. napster spaces is a real-time generative web and agentic ai video chat service that empowers users to easily create web pages powered by embodied ai agents.

the rebrand to napster corp. reflects infinite reality’s evolution from a category-defining immersive software and services company into a full-stack platform designed to power a new generation of digital experiences, all enhanced by ai-human collaboration. the company rebrand and launch of the napster ai division come at a time when the agentic ai market is projected to skyrocket from $5.2 billion in 2024 to $196.6 billion by 2034, increasing at a staggering annual growth rate of 43.8% according to a recent report from market.us. with napster corp. as its new identity, and napster ai at the forefront, the company is positioning itself to help shape the next generation of ai-powered digital experiences across commerce, media, and entertainment.

“today marks a new chapter for our company,” said john a****o, co-founder and ceo of infinite reality, soon to be napster corp. “by reclaiming the napster brand, we embrace its legacy of innovation and challenger spirit. the new napster builds on infinite reality’s collective tech stack, diverse ip, and brand equity, combining our assets under one unified branded house and communicating the message that napster is back - and we’re going to shake things up.”

more info at:

https://www.theinfinitereality.com/news/napster-is-back--ready-to-disrupt-ai-commerce-and-culture

Hi Albert,

Apparently one of the group was emailed the Newsletter from Napster, as they had subscribed some time ago.

Seems positive, but yes agree, could do with being on a more public forum.

Many thanks Scotchy

Do we assume this was posted by Napster themselves?

In the absence of any direct communication from them since they became American, you wonder why they couldn't put one or two relevant posts on their Instagram.

Nice, thanks for posting that here - I'm lost with it all now to be fair, so are still getting tokens in exchange for the shares we once held in NAPS - will they have any value once converted to tokens? I lost so much money in this share so would be nice to see something back.

Some interesting information posted on Telegram Group:

Dear Napster Token Holders,

We are pleased to provide an important update on the progress of the $NAPSTER token. We recognize that it has been some time since our last communication, but significant work has been underway as we advance toward our public listing. Moving forward, we plan to share regular updates quarterly. Since the Initial Token Launch in March 2023, the Napster Innovation Foundation has remained focused on deepening the utility of the $NAPSTER token and preparing for its public listing. Strong community, innovative tech, and clear utility have been proven as essential elements for successful public token launches, which is why they have remained a central focus for us at the Napster Innovation Foundation. As a result, we have made measurable progress towards each. With improved macro sentiment and liquidity conditions anticipated in the second half of 2025, we remain confident that the market will be well-positioned to support a successful listing during that window.

Key Milestones Achieved

On‑chain creator tools Napster’s purchase of NFT‑music marketplace Mint Songs on February 15, 2023 embedded self‑serve minting, gated‑content and royalty features that transact in $NAPSTER, giving artists new ways to earn revenue and expanding utility. Read more from Music Business Worldwide.

Strategic alliance and token allocation with Polygon On May 24, 2024 Napster Innovation Foundation strategically partnered with Polygon to transition the Napster Network onto Polygon’s Layer‑2 ecosystem; Polygon’s direct token purchase underscores third‑party confidence.

Infinite Reality partnership On March 25, 2025, Napster was acquired by Infinite Reality, integrating the iconic music brand into a broader global media and digital content ecosystem, positioning Napster for considerable growth (more from AP News). The transaction plugs Napster into a larger capital base and a global metaverse infrastructure—substantially amplifying reach, resources and brand momentum ahead of listing—while leaving token governance with the Napster Foundation.

Focus Areas Through Summer 2025

Listing Strategy & Execution: the Napster Foundation team is moving forward selecting listing partners, centralized exchanges, decentralized exchanges.

Community Engagement: Community building for $NAPSTER including early incentives, educational awareness on Napster token utility, as well as artist and fan engagement.

Token‑economics refresh: Updated paper, reflecting Infinite Reality synergies, releases ahead of the public listing.

The Napster Foundation is focused on ensuring the $NAPSTER token helps drive new economics for artists, fans, and we use momentum going into a public listing to ensure a positive outcome. 

If you get on telegram and add me “PUREGYPSUM” I can get you on the group

No, can you provide a link to it or let people know how to join?

An article here suggests the deal should be done in the coming weeks.

https://cryptotvplus.com/2025/03/infinity-reality-acquires-napster-207m-eyes-music-metaverse/

I had them from before but I can’t remember how I got them,. You’re not going to find what you’re looking for in news articles anyway as it’s confidential.

No we won’t get any upside from the recent purchase, our upside depends on the crypto aspect of the platform

Are you on telegram?

Are you suggesting they may still launch the tokens?

Considering they have been bought for 200m compared to the fraction of that, what hivemind paid 3 years ago, do we get any of that upside?

Where did you get the documents to read the exact deal? All I can see are news articles from 2022.

As this has dragged on some years now I took some time last night to re-read the agreement, as well as go over some other bits and bobs.

I’m quietly confident about our prospects, but We will not be seeing the cash

In fairness to my broker, they have been chasing the issue, it seems II and HL are receiving said payment, and despite requests from my broker the paying agent is not being forthright in explaining why they are and we aren’t!

My other broker, Trading 212 is still behind payments for the distribution of escrow, which is even worse 🤣

Jon V is staying on, which is good as he knows the obligations to us, and I do think he is singularly capable of delivering a revolutionary product and tbh having seen some of the partners on this I do think the project is very well positioned and, I’m strangely optimistic we will be done right by!

I do think that In hindsight Re terms of the merger agreement the wording of that particular clause was loose as to what they were required to do by that date. No one in the telegram group likes it when I say that, but I think if it were to enter a court room it would go down a very pedantic definitions line.

My knee jerk reaction was disappointment at this but I’m more optimistic than ever, I remain one of the few on team token, but maybe this whole affair has just made me lose my marbels

Thanks for posting about the napster resale. no idea about tokens, but as at 24th jan no official tokens had been issuedhttps://www.aicoin.com/en/news-flash/2173402

it certainly seems as though the original deal has not been adhered to.my recollection is that if tokens were not issued by a certain date shareholders got an additional payment which was, i think, likely to be more substantial than the very small sums we have been getting in dribs and drabs over the last couple of years(or not getting in some cases). problem is that i doubt anyone is going to be prepared to spend any significant sums in trying to put together the full picture, bearing in mind that even if the original deal has not been properly honoured, the difficulty of small pi s being able to mount any enforcement proceedings(and the uncertainty which would be involved) is likely to condemn us to resmaining in the dark. sorry to hear PG that you are not getting payments through. very disappointing that your brokers won't help.

Another payment on Friday from HL

'We’d like to provide you with an update following the takeover of NM Inc (Napster Music Inc) by Algorand Holdco Inc.

An additional cash payment of USD0.03427929 per NM Inc share has now been paid.

The payment was converted into sterling at a rate of USD1.00 being equal to 78.296273p resulting in a payment of 2.68394p per share. '

No other information..

I’d love to know what their end game is with our shares!

Ii have advised of another cash distribution (yesterday). The amount is not yet specified but that seems to be the norm nowadays.

Another payment today! only small but someone needs to tell us what's going on!!

Is there anyone on this forum with enough US legal knowledge to understand their obligations here? Surely as one party to the sale contract there must be some legal requirement to at least communicate any changes in the agreement to us?

I'm with Lloyds and the last small payment I had was 211024. Moving from Algorand is starting to feel like another pivot & delay tactic. There's no communication so nobody really knows what's going on but I'm hoping to get a nice surprise eventually

Checked with the Halifax today and they have no record of the payments of 8 Nov, 13 Dec and 14 Jan that members of this chat group have noted. They added that communication with the relevant parties was difficult.

On a separate note I see comments on the Twittersphere (Coinlive) that Napster posted on the X platform that no official Napster tokens have been launched yet (!?). There was also a note received by a customer of Hargreaves Landsdown that Napster had advised that they were investigating transfering the issued cryptocurrency tokens to an alternative blocktrain other than Algorand. All a bit confusing. Further explored on https://www.youtube.com/watch?v=uT6Ukh7hK6w ( "Did Naspter just hose Algorand?") at 2mins.15 onwards.

Another small top up today! Still no news 🤷

That makes eight mini cash distributions this year. Are these dividends or the back end of Algorand's purchase?

Terra Zero and their great 'find' Ric Wilson seem to have oblivioned. Why does Jon V continue to champion this Z-Lister?

Disney continue to go onwards and upwards. If Napster need animation, which they do, Disney were doing it almost before there was animation. And Napster would give Disney a music streaming branch. What better to blow Spotify out of the water, who only want to do podcasts these days anyway?

I too was getting no response from naps or algo for any updates. So I sold my shares which I held with SRS Aquiom. But am I right I still have my token agreement with Algo? as I signed the Merger Agreement before I sold my shares with srs aquiom. So I believe I still should be entitled to my tokens which I still have not received in my Pera Algo wallet

Another cash payment today! but still no further update on what's happening with shares or tokens

Yep sorry I can’t help with the tokens! RE payment yes, we came to the conclusion a couple of days ago that this was something like the 9th payment received, payments being made in

May 2022

June 2023

Jan 2024

March

April

June

September x2

October

Another cash payment today!

Thanks for posting Pure

Still nothing about what’s happening with the tokens we’re supposed to have received

Hi guys

In case you missed it here is the latest from the all that matters conference last week!

https://youtu.be/GHDttsAM1Ew?si=RaRgM4L96Vkl2y3p

Cheers

Had another payment from HL last week 5th Sept....

"We’d like to provide you with an update following the takeover of NM Inc (Napster Music Inc) by Algorand Holdco Inc.

An additional cash payment of USD0.05618131 per NM Inc share has now been paid."

$0.037 sorry

Yes I had that one, but got another payment on Thursday at £0.037 per share too

I've received my (one) payment too through the Halifax. At $0.055913 per share this brings total consideration to $7.226443 per new share adding to the summary I gave at 2 July. The corporate notice refers to the tokens but states they have received no further information and are still considering options.

Hi Jambor, Are you saying you've had 2 payments this week. Still no word of tokens unless we're getting cash payments instead?

The name was changed from Naps PLC to Naps Inc. This is how they show on your ii account.

You can't take a loss on the shares until/unless you sell which right now is virtually impossible to do.

Where they are going with this goodness knows. So-called partnerships with Mint Songs and Terra Zero have disappeared into the ether. IMO our best bet lies with the core business, streaming music and either a buy out by someone or a NASDAQ listing , which was their possible intention at de-listing.

Out of interest, has anyone put these shares to loss? my accountant said i couldn't due to some technicality with the Name change to NAPS. be interested to hear others opinions as i had quite a good amount in here and was hoping for some tax relief?

Jambor I have received neither cash nor tokens for tranche 4. And received little by way of intelligence on their likely emergence. We are well into quarter 2 when allegedly trading was due to start on the tokens. It would be interesting to hear if others on this chat have had some feedback from Napster.

Good morning Glenn

So you received tokens or the money instead of tokens? Interactive investor say they still know nothing!!!!

Seem to have received a tranche 5 this morning based on a corporate message from Halifax. $0.055913 per new share which has translated around £1 = $1.28 to 4.36p per share. Notice also refers to the tokens but claims to still know nothing.

I just noticed that HL have credited my account on 17th April with just over £100 for "RTC CR Return of Capital" relating to NM Inc (Now taken over) . Plus a few pence for FRC CR Net Fraction relating to Napster Group plc Ord 750p

Unsure what this relates to!

A classic fob-off if ever there was. They may as well have added that they are stuck.

IMO our best bet would be if they re-winded back to de-listing and IPOed Napster, as they mentioned around that time.

After all, Jon V and co. have even more at stake in this than we do.

Thanks for that jambor.not sure as to what it means, but at least you've had a response. hopefully clarification will be provided in due course.

Got an email today from Napster! I’ve been chasing them for ages re my tokens and this was it!

We confirm receipt of your email. Please note that the Napster Innovation Foundation is currently paused with regard to processing Napster Network transactions while we work on a technical update. The Foundation will hold your request and process your transfer or respond to your request once we resume processing.

We expect to resume processing in Q2, 2024, and we appreciate your patience at this time.

Sincerely,

Napster Innovation Foundation

Does the length of SBF's jail sentence determine whether we crypto or not?

Hi jambore

Thanks for that...I missed your post.

Cheers Chris

Hi Chris

See my post a couple down, they have suspended the tokens for now

Has anyone received information about the value of the napster tokens?

I was under the impression that as of the 31st March the tokens will have a value .

Cheers Chris

TBH Jambor I think ii can only act on the comms from Napster, who seem to have a haphazard way of going about things. i.e. they have advised HL holders of their allocation but not others like us.

Napster Inc seem to behave a bit like the old UK version. Presumably our (eventual) holding will include the existing streaming side of the business but I have not been able to find details of turnover, profit or even market share. And the metaverse didn't exactly hit the ground running with the talentless brat appearing to throw his toys out of the pram.

Interactive investor are driving me mad! I had such a big holding of Napster so really want to get these tokens in place as they are supposed to be able to be traded as of 2 weeks time! They can’t tell me anything apart from we’re still in discussions with Napster, as they were a year ago. So frustrating. Anyone else received any tokens through Brokers?

Very interesting glennstar

that is very much what i have been hoping would happen im with HL,but i imagine once a solution is proposed/adopted by one platform others will follow.

Tiny cash top up received today from Halifax. No mention of the tokens. In a separate exchange on their chatbot Halifax did suggest that they would getting a third party to receive and sell the tokens then pass the funds to them and onto my accountwhich will presumably happen after 31 March.

Likewise Jambor

Afternoon albert.sorry you have had a disappointing response.looks like the wait goes on for a proper substantive development.i will post anything i get from HL as and when.

Morning Italian

Had a reply from ii late yesterday p. m.

Just to tell me about lock down which obviously I already know.

Napster were quite curt with them saying they had other priorities and that the tokens would be issued by end of lock down.

I thanked ii for their trouble, but Napster don't come across as particularly pleasant or businesslike.

I don't believe this. They wait a whole week just to ask me what my message refers to.

Is anyone else having trouble with ii ?

Https://www.napster.com/us/wp-content/uploads/sites/5/2022/06/Napster-Litepaper-V1.pdf also if you are interested as to how you may be able to use the tokens you could read the napster 3.0 litepaper which explains the "vision" .the tokens won't be useable/tradeable until end of march(projected date ,so you need to follow the news for confirmation). no idea yet as to value,but there will be 10 billion issued. also ,as albert kindly point out,i have posted the text of the messages i have had from HL regarding how holders on that platform can access them.if,as sounds to be the case,you have the holdings on one of the trading platforms,you may ,of course,get detailed advice from you own platform provider. just to be clear,i am not offering any advice here and this is just my personal understanding of matters.the situation is not straightforward,so if in doubt,you my need to get professional advice.

Italian went into great detail about the tokens yesterday

Slightly tarnished by age, albert! or should that be burnished? hope you hear similar from II.

Thanks for all the trouble you've gone to Italian. You're a diamond.

TBH if ii come up with something like this I'd be happy (and pleasantly surprised).Like yourself, given the choice I'd rather stay on the broker's than going the Algorand route, which is too much into the unknown.

Here it is.had to post in two parts,as wouldn't copy the whole. ive also had another one about my sipp, explaining i can't withdraw them in specie, as would be in contravention of sipp rules. i'm probably going to wait to see what else HL say in due course. i really don't fancy getting involved with an algorand wallet, so i'm hoping they may be able to come up with a cash alternative once they become tradeable and have a value ascribed. bearing in mind there are 10 billion in issue i'm not getting too excited! hope this helps albert, at least until you get a reply from II

We are not able to provide any advice or instruction in relation to Algorand wallets, your transfer of the Napster Tokens to an Algorand wallet, or your use of an Algorand wallet which is at your own risk. We accept no liability in relation to any use of an Algorand wallet. Any instruction to transfer your Napster tokens must be given directly to HL; you cannot transfer your tokens by speaking directly to the Napster Innovation Foundation. In order to transfer tokens into an Algorand wallet we require you to confirm that you understand the following:

Hargreaves Lansdown cannot provide any advice or instruction in relation to Algorand wallets, your transfer of the Napster Tokens to an Algorand wallet, or your use of an Algorand wallet which is at your own risk. We accept no liability in relation to the use of an Algorand wallet.

You must only provide HL with your Algorand wallet address. You must not provide HL with your private key to your Algorand wallet address.

There is no way to recover your tokens if you lose your private key. HL will accept no liability for this risk.

The wallet address you provide must be an Algorand wallet address. If you provide a wallet address other than an Algorand wallet address, then your tokens may be lost and irrecoverable upon transfer. HL will accept no liability for this risk.

If you provide HL with an incorrect or incomplete wallet address, then your tokens may be lost and irrecoverable upon transfer. HL will accept no liability for this risk.

Hargreaves Lansdown shall not be liable for any loss of your tokens if you fail to follow the above instructions or correctly understand the highlighted risks.

If you decide to transfer your tokens Hargreaves Lansdown will no longer hold any responsibility for safeguarding these assets for you.

If you would still like to transfer your Napster Tokens into your own name then you will need to:

Confirm you have read and understand the transfer risks and warnings above.

Provide HL with your Algorand wallet address.

Send your instruction byThursday 21 March 2024 in writing. You can do this by post or by sending us a secure message via hl.co.uk/contact-us . Please note that we are not able to take these instructions by phone.

Should you have any queries relating to this message please do not hesitate to contact us.

Yours sincerely

Dominik Palejczuk

Corporate Actions

As part of the takeover of NM Inc (Napster Music Inc) by Algorand Holdco I Inc you received a payment of Napster Crypto Tokens (Napster Tokens).

Lock up period

The Napster Tokens were issued at the end of March 2023 and are being held by Napster Innovation Foundation, an organisation formed to distribute them. The Napster Tokens have an initial lock up period of 12 months from 31 March 2023, which means these tokens can’t be traded or valued right now. We are awaiting further information about options for how the Napster Tokens may be held or traded after the end of the lock up period and will update you when we have further information.

Holding Napster Tokens with Hargreaves Lansdown

As previously communicated, Hargreaves Lansdown cannot hold crypto tokens on our platform. The Napster Tokens recorded are therefore strictly for bookkeeping purposes, representing Napster Tokens held by the Napster Innovation Foundation. Napster Innovation Foundation is currently investigating options for token holders, including platforms like Hargreaves Lansdown that cannot hold the Napster Tokens.

We have updated your Stocks & Shares ISA to reflect that you are entitled to 123.34 new Napster Tokens for each NM Inc share held. We shall continue to maintain records of your entitlement to Napster Tokens and engage with the Napster Innovation Foundation to establish more information about how Napster Tokens may be held or traded after the end of the lock up period.

Important information for ISA holders

Under HMRC rules, these crypto tokens can’t be held in an ISA. As you hold these units in an ISA, they must be removed from it.

You need to transfer your units into a Fund & Share Account. If you already have an active Fund & Share Account you don’t need to do anything – we’ll automatically transfer your holding shortly after Thursday 21 March 2024. If you don’t currently have an active Fund & Share Account you can open one online at www.hl.co.uk or over the phone on 0117 900 9000.

If you don’t have an active Fund & Share Account open by Thursday 21 March 2024 we’ll place your shares into an inactive version, which you can then activate by following the same account opening procedure as above.

Holding Napster Tokens in an Algorand wallet

If you wish to hold your Napster Tokens directly, rather than via Hargreaves Lansdown, the Napster Foundation are now able to facilitate a transfer of the Napster Tokens into an Algorand wallet in your name should you wish to do so. An Algorand wallet would be provided by a third party, and if you wish to transfer to the Algorand wallet you should ensure that the wallet is suitable for you, that you understand the implications of the transfer and use of the Algorand wallet, and that you have read all relevant information and terms and conditions relating to the Algorand wallet.

We are not able to provide any advice or instruction in relation to Algorand wallets, your tra

Yes,that makes sense,albert don't want to roll out the pioneers until the wagons are ready to take them to the promised land! .glad to hear john v continues to be upbeat,as i haven't tried to follow him for a while.fingers crossed.

Hi Italian

Nothing from ii either, although in the past they have been in contact pretty fast when they have had news.

As I see it we are waiting for tokens which would need to be in place before the artists are in the Metaverse (en masse hopefully). Something which Jon V continues to be upbeat about.

Afternoon albert. well that is one less pioneer to have to worry about. in the vein of pioneers and visionaries, wasn't our erstwhile leader, matchett, ofter described as a visionary. that didn't end well did it!

on a serious note, i have girded up my loins (are we allowed to say that sort of thing anymore?) and messaged HL, as I've still not heard anything at all. will notify of response in due course.

Our Metaverse pioneer seems to have gone AWOL. His Instagram has been taken down and his picture is no longer on Napster's.

Can anyone find him??

Had a look to see what I could find on this guy, including Ebay to see what vinyl/CDs there are/have been. Precious little.

I think Napster Metaverse is going to need some NAMES. Not Z-listers who think they are superstars.

Yes I have the same as Snapuae,

Just on the phone to HL to see if any further details available...

they are writing out further comms which will go out shortly outlining the steps to withdraw the tokens.

quite a complex process as HL do. not deal with Crypto.

so will know better what's going on shortly.

There is no detail or link to a letter, just a note "Corporate Action ref - E 01229197"

Yes it would be good if you could copy and paste the contents of the letter.

Perhaps they are ready to launch soon?

Thanks ofr that Lu. my wife and i are both on HL and neither of us have had any notification as yet.are you able please to clarify a little as to what the notification actually says and did you get the usual HL email to say that you had had a corporate action notice? many thanks

Just logged in to HL account and seen a corporate action dated today 12/ feb/ 2024

Napster

Token Entitlement

What does this mean as haven't the foggiest

Afternoon albert.yes good to see some developments.hoping for news on the tokens soon.will probably email HLshortly if i don't hear soon.

Morning Italian, PureG.

I'm trying to follow the updates on the Instagrams of Ric Wilson (who was quick to post), Napster, and Terra Zero. There is plenty of crossover between the three of them. Obviously the more artists that sign up the more interesting this will get.

The tokens should be due pretty soon for those of us still waiting for them.

Very interesting PG. good of you tp post. i imagine this sort of thing is potentially cumulative,as more artists etc are added over time.do keep us posted.

Hi guys

Sorry I've not really check in on here and quite alot of new developments!

I'll try to only add new information.

The napster universe or whatever its called is now accessible. I've been in it. They have chosen Ric Wilson as an artist, presumably big enough but not too big as they iron out kinks. His particular artist "Metaverse" is a bit like a recording studio apartment. You have your own avatar/character and can run around (and jump for some reason). I think the character will become customisable, and you'll be able to buy merch for your avatar. You can talk to other people who are in the Metaverse space too, though I've only seen two other people in there so far. There's not really much reason for people to be in there unless there is a event on. . . Ric Wilson is supposed to be launching his new single in the Metaverse in the coming weeks. I haven't seen any dates but I will definitely be attending.

Please do ask questions and I'll get back to you on them!

Thanks Jambor.

Yes - a very small one

Has anyone had a 3rd cash payment?

You need to go directly to NAPSTER for tokens, see below email addresses - the brokers aren’t interested in my view as they can’t hold them. We had to set up at Pera Anglo wallet to hold the tokens.

On Friday I received a corporate notification from Halifax that a further payment of $0.46594 per share was made in respect of my holding pursuant to the merger with Algorand on 16 February 2022. Translation seems to have been at £1=$1.307. Sadly no mention was made at all of the $Napster tokens, with simply a comment they would communicate again with any further information regarding future payments from the company. I am minded to ask them for some info on the final tranche, tokens or otherwise, rather than nothing at all in order to calculate the relevant capital gains tax pertinent to the transaction as the tax filing deadline of 31/1/24 is fast approaching

Thanks for the clarification,jambor.appreciated!

Yes came through ii - it was part of the original payment structure they set out a year or ago! I’m just hoping the tokens are worth something, I lost a fortune with naps!

0.0467 dollars per share is about a hundredth of what the previous payments were?

Never mind, hopefully the tokens will be worth a lot. I have a feeling they will be popular in the first year after launch.