TikTok partners up with a blockchain-based music streaming platform

Syed AhadWeb Editor

16th Aug, 2021. 11:41 pm
TikTok

Tiktok has been downloaded by millions of people and has now chosen blockchain-based project Audius as its first music streaming partner.

The artists who use the red-hot video-sharing application will be able to share their music in the “TikTok Sounds” section.

The application of Audius was first launched on the Ethereum-based POA network. Audius announced earlier that it has approximately crossed 5 million users monthly, which has made it a famous application that is powered by blockchain technology.

Spotify, the world’s largest music streaming platform with over 365 million active users, is frequently criticized for underpaying songwriters. Audius, on the other hand, allows producers to determine their own standards for monetization rather than being paid directly.

Musicians use the AUDIO token that can be used for yield earning through staking.

According to Rolling Stone, co-founder Forrest Browning, the majority of the app’s users are uninterested in the blockchain:

He stated, “I would say that maybe 95 percent of our users have no idea that blockchain is even involved”.

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