Audius, the decentralized music platform, has been making substantial moves in the market, drawing heavy interest from investors and artists alike. With an innovative vision of decentralizing the music industry and providing a community-focused and AI-friendly future, Audius' efforts are well-recognized. The platform has amplified artist earnings through a new music marketplace and allows users to tip artists using AUDIO, the platform's token. This positive news has raised predictions for AUDIO price potentially reaching the $1 mark by 2024-2030.
Nevertheless, risks are associated with this competitive market. Recent incidents involved hackers draining $1.08M from Audius following the passage of a malicious proposal, an event that might deter some investors. Despite this, the resilience of Audius could be seen as its user base reached 7.5M in the face of a $6M hack.
Furthermore, Audius' partnership with TikTok and its integration with Solana have contributed to a price surge, with the TikTok-Audius partnership propelling the AUDIO market cap past $1B. The platform's shift towards Solana demonstrates its willingness to innovate and push boundaries. Amid these developments, its price has seen rapid growth, rising by 500% and breaching the $1.10 mark.
Rounding off on a positive note, prominent artists and industry figures, including Katy Perry and the Chainsmokers, have invested $5M into Audius, providing tangible backing that further solidifies the platform's standing in the industry.
Audius Coin News Analytics from Tue, 07 Aug 2018 07:21:49 GMT to Wed, 26 Jun 2024 08:54:23 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor 6
