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.
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