Blockchain streaming platform Audius launches $AUDIO rewards
Audius is a blockchain streaming platform launched in 2018, supported by numerous main artists resembling deadmau5, Skrillex, The Chaismokers, 3LAU, and plenty of others. Just lately, the platform has launched $AUDIO Rewards, a gamified function that permits the platform’s finest prime artists, followers, and curators to get the $AUDIO token just by using the platform. Followers and artists will obtain $AUDIO tokens for doing numerous in-app actions, resembling day by day listening streaks, inviting buddies, downloading the cellular app, importing their songs, and rather more. This reward system advantages all customers; its most important objective is to create a wholesome atmosphere the place artists are creating artwork and followers are listening to it, this helps artists be experimental and achieve traction.
Introducing $AUDIO Rewards! 🥳🥳 pic.twitter.com/rAhHaUqCQQ
— Audius 🎧 (@AudiusProject) February 16, 2022
Audius has not launched monetization into its platform but; the awards will not be part of the monetization, however simply an addition to push customers to work together and achieve sure duties. Earlier than the discharge of this strategic award system, the one method customers would achieve $AUDIO awards was via gaining a spot at prime 5 weekly trending tracks, prime 5 weekly trending playlist, prime 10 month-to-month API app, or having a primary verified account add. Audius is now succesful greater than ever to enroll such award techniques and vastly scale its streaming platform with the assistance of the Solana blockchain. Initially, Audius used to function on the Ethereum community, nevertheless, because the variety of energetic customers has grown, the time it takes to load took longer and made token distributions not so cost-efficient. With the elevated difficulties Audius bridged the $AUDIO token from Ethereum to Solana with the assistance of Portal. This bridging course of, in response to Audius, is a vital step in the direction of delivering extra performance to the rising Solana ecosystem.
Audius additionally launched the NFT collectibles class on their platform in 2021, permitting artists to exhibit the entire NFTS they possess or those they’re itemizing to promote from numerous wallets and marketplaces. Followers can purchase or view the NFTs simply by clicking on their favourite artist’s profile with out having to go down a rabbit gap of NFT boutiques.
Picture Credit score: press