Audius (AUDIO) Is Up 145% Adhering to TikTok Partnership News

Sector info shows Audius (CRYPTO: AUDIO) skyrocketed on the back again of modern major partnership news, raking in a few-digit percentage gains around the very last 24 hours.

What Took place: According to CoinMarketCap details, Audius noticed its rate get off by above 145.4% from its 24-hour minimal of $1.6086 to a high of $3.9478 ahead of settling at $3.37 as of press time. The news follows recent stories that Audius partnered with video clip-based social media behemoth TikTok.

Audius is a blockchain audio streaming app Audius that presently counts famed artists these types of as Skrillex, deadmau5 and Weezeramongi its customers. Audius’ co-founder and chief item officer stated that — thanks to the partnership — any artist can now “take a track they by now have on Audius and just export it around to TikTok in a person simply click.”

Most Audius creators are not directly paid out for the targeted visitors that they produce by way of audio streaming. Instead, they are offered with the infrastructure that they need to monetize their music by themselves when also becoming rewarded for contributing to the platform with AUDIO tokens.

The system was to begin with introduced on Ethereum-dependent (CRYPTO: ETH) platform POA Community (CRYPTO: POA), but then moved to Solana (CRYPTO: SOL) because of to the network’s larger scalability and cheaper, quicker transaction processing abilities. Audius also achieved 5 million regular monthly users final week.

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