This decentralized music streaming service landed a first-of-its-kind partnership with TikTok—and its token's market cap surged past $1 billion

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

This decentralized music company landed a first-of-its-kind partnership with TikTok—and its token's market cap surged past $1 billion (via CNBCMakeIt)

Audius, a decentralized music streaming service, announced a major partnership with video-sharing app TikTok on Monday, allowing its artists to upload their music to TikTok to be used in videos.

"Any artist can take a song they already have on Audius and just export it over to TikTok in one click," Forrest Browning, co-founder and chief product officer of Audius,. "A common way that unsigned artists get their stuff up there right now is by holding their phone up to a laptop while it plays their song, and they add it as background music. It's not great."

Unlike Spotify or SoundCloud, which are not blockchain-based, Audius is built on the Ethereum and Solana blockchains and is run by a community of token holders, rather than one centralized entity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt it’s not decentralized if it runs off of a centralized network - do some fucking better research about what the difference is between those two words. understand that $eth shit runs off amazon web servers and nobody can even run their own fucking nodes. it’s bitcoin or shitcoins

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines