In February, Audius, a popular musical network that offers free downloads of a wide variety of music, announced that it had hit a million users. That’s a lot of listeners. Of course, the million milestone was only the beginning of the story. Two months later, the network had eclipsed the 5 million mark, and it’s just getting started. How long could it keep growing?
The demand for music on the internet has never been higher, and this has spawned the rise of new alternative music services that are quickly gaining popularity. Namely, Spotify and Apple’s iTunes have been dominating the industry for years now, but that’s not slowing down the rise of other newcomers, such as Audius, Pandora, and YouTube.
Audius is a digital distribution platform for independent artists to sell music and merchandise, and a growing number of users have taken the chance to get on board. This was shown by the fact that Audius’ user base has been growing over the past two months, with the number of active users now exceeding 5 million.. Read more about audius coin price prediction and let us know what you think.
The musical business has a superpower that allows it to keep its consumers alive and engaged at all times. It has fans from all around the globe who speak a variety of languages. As a result, music streaming services are attracting consumers from all over the globe.
Audius is a musical platform built on Ethereum that connects consumers and artists via its fresh new streaming platform. Furthermore, the Audius app is based on the most up-to-date blockchain technology, allowing musicians to freely share and listen to any music.
Audius reaches a significant milestone
In the digital era, the contemporary streaming Audius app spreads its music service, making it more appealing to artists. Audius achieves its high scale of 5 million users in a month because to its decentralized platform.
The creators may own their music collections and efforts in the application thanks to the Blockchain technology. It also allows artists to download, listen to, and exchange music from a variety of internet sources. Furthermore, the dispersed technology is rapidly benefitting artists, musicians, and fans.
Furthermore, each day, the Audius Explorer network registers between 30,000 and 50,000 unique users. A large percentage of users who are constantly on the stream listen to hip-hop tracks with a strong EDM foundation. More importantly, the Audius provides free music and has assisted many artists in growing their fan base.
In addition, the Audius network grows rapidly, drawing up to 5 million members in a short period of time. Notably, the digital musical platform’s network includes well-known players and artists. Furthermore, many musicians, such as Skrillex, deadmau5, and Weezer, get the most recent and unique songs for their fans.
Audius’ most recent updates
The issuance of the Audius platform’s native cryptocurrency, AUDIO, is the platform’s most valuable asset. The music business is considering ways to reward musicians that contribute and interact more with the network with AUDIO tokens. Furthermore, the Audius, which is set to debut in 2019, intends to collaborate closely with a distributed version of SoundCloud rather than Spotify.
Furthermore, the network distributed 50 million AUDIO tokens to a select group of 10,000 users, mostly to musicians that use Audius on a regular basis, listeners who consume a large number of songs, and users who give useful feedback.
Audius Roneil Rumburg and Forrest Browning shares were co-founded by Roneil Rumburg and Forrest Browning.
“Audius does not pay creators directly based on streams; instead, they are given the opportunity to monetize their work as they see appropriate, including via the sale of non-fungible tokens (NFTs).”
As a result, Audius serves the industry in two capacities: as a business and as a network. This growth of the site now includes additional artists, bringing the total number of users to 5 million.
However, the $AUDIO token, which shows that the Audius community is ready to enter the crypto world, is an exciting aspect of the music community.
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If the music industry were a Hollywood studio, we’d call it a “franchise”. There are thousands of bands out there, but there are only a handful of household names. Most of them are multi-platinum artists who have been around for decades. Among the most successful are Def Jam, Sony, Universal, Warner, and EMI. Of course, the music industry is not very stable, with one major label closing down every year, and no artist making a billion dollars. Instead, most artists earn a lot less, and audience numbers are increasingly dependent on the success of the record label. This is why it is so important to study the industry and to attract the right visitors, so you can plan your marketing strategy right from. Read more about audius crypto news and let us know what you think.
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