Web3 music platform Audius will integrate TikTok
It is reported that the Web3 music platform Audius announced that it will be integrated into TikTok. Users can use their TikTok profile to register for Audius and use their songs in videos on social media platforms. The price of AUDIO may rise due to the news, rising to US $0.348071, or 13.5%. （CoinDesk）
Interpretation of this information:
Audius, a blockchain-based music streaming platform, has made an announcement of its official integration into the popular social media platform TikTok. This integration will allow TikTok users to access Audius’s library of songs and even use them in their videos on TikTok. Further, Audius has made the process of signing up and creating a profile easier by offering the option of using a user’s TikTok profile for registration. This integration is expected to bring about several game-changing opportunities for the music industry.
This integration marks a significant milestone in the music industry as it will help address some of the ongoing issues with licensing music. This is because the incorporation of Audius into TikTok implies that the former’s music will be licensed under TikTok’s blanket agreement, which will provide a larger audience for musicians. This new development has the potential to significantly disrupt the music industry as we know it. With TikTok’s large user base, it is expected that the exposure to new demographics will help Audius to grow and attract more users.
Another benefit of this integration is that it can increase the value of the AUDI token. The token has already experienced a 13.5% increase in price as the announcement made headlines. The Audius token is used to gain access to certain platform features, functions, and services such as staking and governance, as well as payment for licensing music from artists on the platform. As such, with the integration into TikTok, there is a greater demand for the AUDI token, hence an increase in value.
In conclusion, Audius’s integration into TikTok is a significant development for both the music and blockchain industries. It will allow artists on the platform to reach a wider audience while simultaneously benefitting the blockchain community by spurring demand for the AUDI token.
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