$0.18
1H
0.61%$0.0011
24H
-9.01%$0.0182
7D
5.71%$0.0100
30D
-39.2%$0.1189
Audius is a decentralized music streaming protocol initially built on POA network, but now living on Solana. Audius was launched to remedy the inefficiencies of the music industry, which is plagued by intransparent music rights ownership and intermediaries standing between artists and their audience.
Audius aims to align the interests of artists, fans, and node operators through its platform powered by its native AUDIO token. Artists can upload music, stored and distributed by content and discovery nodes, that fans can listen to for free. Currently, Audius rewards content creators through rewards like featuring in the weekly trending lists. In the future, it plans to integrate stablecoins for artists to offer paid content, as well as artist tokens that give fans the ability to access exclusive content, potentially cooperating with platforms like Rally.
With AUDIO, the token of the Audius platform, listeners could send tips to any artist who publishes their music on the platform, whether they have a massive following or not.
The partnership will see several Web 3.0 companies gain more uses and increase the usability of their products and services.
Gemini Staking will cover users’ gas-related expenses as well as manage their private keys.
The Audius blockchain platform has received funding from some of the most popular artists like Katy Perry, Nas, The Chainsmokers, Pusha T, Jason Derulo, Mark Gillespie.
On Monday, the TikTok sharing feature went live for all Audius users. The deal with TikTok is a huge step towards an influx of new music artists and their popularity growth.