A quarter century ago, Napster was notorious on the internet for allowing people to swap songs for free, long before the music industry had come up with a model for the digital age.

The service was shuttered in 2001 amid mounting legal battles, and filed for bankruptcy the following year. But the brand isn’t dead.

On Tuesday, Napster was acquired by 3D technology company Infinite Reality for $207 million. Infinite Reality CEO John Acunto told CNBC in an interview that the one-time file-sharing phenomenon will be used for marketing in the metaverse.

Infinite Reality plans to create virtual 3D spaces that allow music fans to enjoy concerts or listening parties together, and let musicians or labels sell physical and virtual merchandise.

“When we think about clients who have audiences — influencers, creators — I think it’s very important that they have a connected space that’s around music and musical communities,” Acunto said. “We just don’t see anybody in the streaming space creating spaces for music.”

Napster is the latest iconic technology brand from decades past to get a new life, following acquisitions and revivals in recent years of Kodak, Nokia and luxury audio brand McIntosh.

“I think there’s no better name than Napster to disrupt,” Acunto said.

Napster was launched in 1999 by Shawn Fanning and Sean Parker, and became the first significant peer-to-peer file-sharing application. It allowed PC users to swap MP3 files, which could be played in a media player like Winamp, and build collections of digital popular music for free.

The record industry quickly took aim at Napster, accusing the company of allowing people to share pirated files. Heavy metal band Metallica sued Napster, and was followed by the Recording Industry Association of America. After bankruptcy, Napster’s assets were sold off to a series of owners, current CEO Jon Vlassopulos told CNBC.

Since 2016, Napster has been a music streaming service offering on-demand streaming of licensed tracks, currently for $11 per month. It’s a small player in a world dominated by Spotify and Apple Music. In 2022, Napster was bought by blockchain company Algorand, whose investors brought in Vlassopulos.

Napster holds official licenses to stream millions of tracks, agreements that were attractive to Infinite Reality, which says that its version of Napster will “disrupt legally.” And Algorand’s background in blockchain technology was intriguing to Infinite Reality, which also develops Web3 technology, Acunto said.

Alongside streaming music, the combination with Infinite Reality will allow Napster to offer more social features, digital merchandise and shopping.

Artists will be able to create “crazy environments that are really only limited by their imaginations” in Napster, Vlassopulos said. As an example, he imagined a reggae artist who might want to create a beach hangout environment.

Acunto says that when music fans can share a virtual space together, it will be like “Clubhouse times a trillion.” He was referring to the entertainment and virtual events app that became popular during the pandemic before petering out when society reopened.

Infinite Reality, which is building a headquarters in Fort Lauderdale, Florida, was founded in 2019 and has been acquisitive in recent months, buying companies such as the Drone Racing League, Landvault and virtual reality retail brand Obsess.

In January, the company announced that it had raised $3 billion at a $12.25 billion valuation, although it didn’t reveal any investors. Acunto told CNBC that the company’s investors want to stay anonymous.

World Liberty Financial, the decentralized finance venture backed by President Donald Trump and his family, has launched a stablecoin, joining an increasingly crowded market.

The company said Tuesday that the stablecoin, dubbed USD1, will be pegged to the U.S. dollar and be backed by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents. It will soon go live on the Ethereum and Binance Smart Chain networks.

“USD1 provides what algorithmic and anonymous crypto projects cannot — access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance,” said World Liberty Financial co-founder Zach Witkoff. “We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions.”

The market cap for dollar-backed stablecoins — cryptocurrencies that promise a fixed value peg to another asset — has been climbing to new all-time-highs this year and has grown more than 46% in the past year, according to Crypto Quant. Currently dominated by Tether (USDT) and Circle’s USDC, these “systemically important” crypto assets are largely used for trading on centralized and decentralized exchanges and as collateral in DeFi. Crypto investors watch stablecoins closely for evidence of demand, liquidity and activity in the market.

The drumbeat for using stablecoins to help preserve the hegemony of the U.S. dollar has also grown louder in recent months. Treasury Secretary Scott Bessent said at this month’s inaugural White House Crypto Summit that “we are going to keep the U.S. the dominant reserve currency in the world and were going to use stablecoins to do that.”

At last week’s Digital Asset Summit in New York City, Trump addressed attendees virtually, saying the industry “will unleash an explosion of economic growth, and with the dollar back, stable coins, you’ll help expand the dominance of the U.S. dollar.”

WLFI is the latest company to join an increasingly crowded market. PayPal and Gemini are among the many U.S. stablecoin issuers. In December, Ripple announced its new stablecoin, called ripple USD, or RLUSD. A month earlier, a consortium of companies including Robinhood, Galaxy Digital and Kraken launched their Global Dollar, or USDG, and joint stablecoin network, the Global Dollar Network.

Stablecoin legislation is widely seen as the lowest hanging fruit for crypto legislation, which most market participants hope will be passed and implemented sometime this year. The GENIUS Act, which seeks to provide a framework for regulating stablecoins, was recently advanced out of the Senate banking committee with bipartisan support. When the U.S. does get legislation on stablecoins, it’s expected that banks will begin issuing their own as well to take advantage of their ability to make payments faster, cheaper and more transparent.

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Waymo’s officially on its way to the nation’s capital.

The Alphabet-owned autonomous driving robotaxi service will be available in Washington, D.C., in 2026, the company announced Tuesday.

“I’ve experienced firsthand how safely the Waymo Driver operates around pedestrians, cyclists, and other vulnerable road users,” said Governors Highway Safety Association CEO Jonathan Adkins. “Waymo has worked with GHSA and our first responder network as they’ve expanded their service, always putting safety first. As someone who walks to work almost every day, I’m excited to share the road with Waymo in Washington, D.C.”

So far, Waymo One currently operates in San Francisco, Los Angeles, Silicon Valley and Phoenix, and is also driving in Austin and Atlanta through its partnership with Uber.

The expansion follows a dominating 2024 for Waymo, which completed more than 5 million rides last year as other robotaxi competitors still lagged in the churning market. Service in Miami will be also launched in 2026 through a partnership with startup Moove.io, a spokesperson told CNBC.

General Motors began shuttering its Cruise robotaxi service in December. Elon Musk’s Tesla still doesn’t manufacture a robotaxi or run a hailing service despite promising “robotaxi cars” for roughly a decade. Amazon’s Zoox is continuing road testing in multiple U.S. cities, with plans to start service in Las Vegas, then San Francisco.

Waymo declined to provide additional comment on the D.C. expansion.

The rollout will get underway through a series of road trips with the Waymo Driver. At first, test rides are operated manually by human drivers who give the company feedback and context about driving nuances in the city.

“We’ll continue introducing ourselves to D.C.’s communities and emergency responders over the coming months,” the company said in the release. “We’ll also continue to work closely with policymakers to formalize the regulations needed to operate without a human behind the wheel in the District.”