The popular social media short video platform TikTok has partnered with Ethereum ETH/USD-backed music streaming app Audius.
According to Rolling Stone, music creators who use the Audius app can now publish their music under the "TikTok Sounds" section.
"Any artist can take a song they already have on Audius and just export it over to TikTok in one click," Forrest Browning, Audius' co-founder and chief product officer, told Rolling Stone.
The list of artists on the platform already includes Skrillex, deadmau5, and Weezer, among others.
Music creators are not paid directly by Audius based on streams. Instead, they are given the infrastructure needed to monetize their work. Artists are also rewarded for contributing to the platform with Audius AUDIO/USD's native token.
The music streaming platform was launched in 2019 on the Ethereum-based POA network and later moved to Solana SOL/USD.
What Else: Last week, Audius reached 5 million monthly users, while TikTok announced In July that 75 percent of its active users find new music on the app.
Photo: Nitish Gupta from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
