Audius Brings NFT Galleries to EDM-Heavy Streaming Service


Audius, a decentralized music streaming service with big user numbers for a Web 3.0 project, has launched a non-fungible token (NFT) showcase feature for its resident artists.

Disclosed to CoinDesk Thursday, the new feature lets artists showcase their NFT merch in a consolidated gallery, making it easy for diehard fans to peruse. The move comes at a time when acts like Kings of Leon and others are rolling out increasingly lavish collectibles for their superfans and the crypto-rich.

How To Get Free Crypto  

To enable the gallery, a user on the site has to stake 100 of the project’s native AUDIO tokens.

Related: China, the Convenient Foil

The service marks an ever-so-slight departure from Audius’ strategy of playing to a broad audience without banking on crypto. Though it lives atop the Ethereum blockchain as a token-governed network, its founders and backers have found success, and adoption, by keeping the message on music found nowhere else.

Nearly 160,000 listeners logged into Audius Wednesday to stream EDM mixes and underground rap tracks uploaded by the artists themselves. The platform eschews big labels but posts big numbers: 4.5 million unique users this month, according to on-chain data.

Read more: Audius Has Big Numbers by Crypto Standards but Can It Take On SoundCloud?

But founders told CoinDesk the new function should appeal to nocoiners. 

Related: Kraken’s First Brink Grant Goes to Bitcoin Rust Developer

“These are people that have no idea what’s going on from crypto perspective, but if you add in your NFTs as an artist to your artist profile, now all of a sudden your non-crypto fans can see this art, they can see these collectibles, and they can even potentially bid on them,” said Chief Product Officer Forrest Browning.

He said Audius Collectibles does not intend to act as an NFT bidding platform. Instead, it aggregates NFTs stored on SuperRare, Zora, Catalog, Foundation, OpenSea, Rarible and KnownOrigin. Artists sign transactions with their wallets to prove they own the work, but no gas is involved as the NFT never moves wallets.

Coinbase Banner  

Browning and CEO Roneil Rumburg said artists were asking for a way to show off their NFTs, in part because the buzzy digital collectibles offer them a potential revenue source at a time when gigs are hard to come by.

“A lot of our artists right now, for good reason, are interested in NFTs. They’re making money at a time when they desperately need money,” Rumburg said.

Related Stories

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Go to Source
Author: CoinDesk

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

FreeBitcoin Banner  

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.