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Highlights
- Audius is a blockchain-powered music streaming service that operates on Ethereum and Solana Blockchain networks
- Audius is a blockchain-powered music streaming service that operates on Ethereum and Solana Blockchain networks
- With the platform, artists can generate time-stamped and immutable records of music to their name.
Audius is a blockchain-powered music streaming service that operates on Ethereum and Solana Blockchain networks. Known by its native token AUDIO, Audius has been taking the music industry by storm and is rewriting how artists engage with their fans. It allows the artists to have complete control of their music and create unique fan experiences. With the platform, the artists can generate time-stamped and immutable records of music in their name.
Audius protocol, in many ways, is like popular streaming services such as Spotify and Soundcloud. However, its popularity has been growing of late, and recently it achieved the milestone of having 5 million people a month on its platform. It further strengthened its user base when it partnered with TikTok on Monday. The sharing feature on TikTok will allow the upcoming artists to upload their music straight from Audius to TikTok.
What makes Audius so unique?
The Audius platform gives the artists the freedom to share audio and generate immutable records of their music. As they can engage with fans better and in a unique manner due to its unique track encryption scheme, the artists can make decision-making process to change or upgrade anything to the protocol easier. From the user’s point of view, they can effortlessly filter through the music and find curated music as per their choice. It also allows the users to easily save their favourite playlist and share the same with other users. The users stand a chance also to earn AUIDO token rewards in the process.
Is Audius a good investment for you?
Audius token, AUDIO is ranked 74 on CoinMarketCap. According to CoinMarketCap, AUDIO is trading at $3.82 with a 24-hour trading volume of $864,435,431. At the time of writing (BST 8:06 am), AUDIO was up by 133.08% in the last 24 hours. AUDIO currently has a live market cap of $1,467,909,637. It has a circulating supply of 400,244,277 AUDIO coins.
With blockchain becoming a standard norm in the music industry, it has become one of the popular options amongst artists. It has become clear that selling music on the blockchain and tokenizing audio tracks and artwork as non-fungible tokens (NFTs) will be the future, and more and more artists are willing to explore the option.
Conclusion
Since 2021, many musicians have released their albums using non-fungible tokens (NFTs). Kings of Leon, Shawn Mendes, and Grimes all have released their albums using the NFTs. With Audius being at the forefront of decentralized music distribution, we could see blockchains uniquely revolutionizing the music industry.
