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Audius (AUDIO) is the 149th largest cryptocurrency in the world by market cap, valued at $304,640,406. The current price of Audius is $0.2668, which is -11.860% lower than yesterday. Prices have ranged between $0.311736 and $0.295776 over the past 24 hours. All prices are listed in US dollars and accurate as of January 30, 2023 06:01 UTC.
Audius is a blockchain-based music streaming service that is completely decentralized, and all of the content on the platform is owned by the artists. Content creators are able to maximise their royalties and only have to share a minimum processing fee with the platform.
The model works in direct opposition to how popular music providers like Spotify, TIDAL and Apple Music currently function. Audio is the natural cryptocurrency of the Audius ecosystem. According to CMC, it enables artists to get paid directly anytime their tracks are streamed on the platform, and instead of having to wait to receive their loyalty bonuses, Audius allows them to receive their earnings in real-time in the form of Audio tokens.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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