Music sharing protocol Audius is working with the giant TikTok, the price of AUDIO tokens has skyrocketed by almost 100%

Music sharing protocol Audius is one of the first streaming platforms to accomplice with TikTok, permitting customers to share tracks instantly with the app, which has over a billion month-to-month lively customers.

In an announcement at 6 a.m., Audius stated it has partnered with TikTok to develop a brand new characteristic referred to as TikTok Sounds. According to Audius co-founder and product supervisor Forrest Browning, this integration permits customers to export songs created utilizing this protocol to TikTok with a single click on to streamline the course of.

???? Announcement of the Audius TikTok integration! ????

You can now share your tracks to TikTok instantly from Audius!

Follow and mark us in your movies with an Audius monitor and win 50 $ AUDIO.

Official TikTok → https://t.co/mP0BKOjzRV pic.twitter.com/3ydBQq3GzL

– Audius $ AUDIO (@AudiusMission) August 16, 2021

While Audius claims to wish to use blockchain know-how to reward content material creators and improve transparency in funds to artists, the integration with TikTok appears to deal with music somewhat than delivering messages through cryptocurrencies or decentralized finance. According to Browning, round 95% of Audius customers “don’t even know it’s about blockchain”.

Audius at present has round 5 million month-to-month lively customers after its launch in October, with creators being assigned a number of tokens based mostly on the quantity of streams they’ve created. TikTok doesn’t at present permit customers to obtain efficiency royalties for streaming music, however as an alternative presents the capacity to achieve and work together with tens of millions of followers, making the music extra common.

The integration comes as a shock transfer for TikTok as the firm banned promoting content material associated to cryptocurrencies in addition to different monetary services final month.

AUDIO 7 Day Price Chart | Source: Coinecko

According to the information, Audius’s AUDIO token price has risen almost 100%, now AUDIO is trading at round $ 3 with a market cap of $ 1.8 billion, in accordance with Coingecko.

Cong Tu Ngang

According to Cointelegraph

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