Business Insider, a multinational financial and business news website based in New York City, listed “14 Music-Tech Companies to Watch” in a recent report.
Among these 14 companies was Audius (AUDIO), a decentralized music streaming protocol.
While this news caused a big jump in the AUDIO price, the AUDIO price increased by 57% in the last 24 hours.
Commenting on Business Insider’s news, Audius co-founder Forrest Browning said:
“ Think of us as a more modern form of SoundCloud with a lot of paid fan engagement layered on top.
Currently, Audius runs on a decentralized blockchain powered by Solana and Ethereum.
Additionally, Audius currently has between 5 and 6 million monthly active users. The platform’s most popular genres are electronic and hip-hop.
Currently, artists do not have a venue or outlet to foster deeper relationships and deeper collaborations. Audius wants to fill this gap by giving superfans a new way to engage with their favorite artists.”
*This is not investment advice.