Web3 music streaming platform Audius integrates popular social media platform TikTok. Audius users will be able to sign up for the app with their TikTok profile and use the streaming service’s songs in their videos on the social media platform. Web3 coin price skyrocketed after the news.
Audius collaborated with popular social media platform TikTok
Web3 music streaming platform Audius has added support for popular social media platform TikTok, the company announced on Thursday. With the integration, users who are new to Audius will be able to easily create an account by linking their TikTok profile. From there, listeners will be able to automatically import their identifier, information, and export their TikTok verification status to Audius.
In addition to these, users can share Audius songs on TikTok videos. The integration could further increase Audius’ reach, as TikTok sounds are a popular feature of the app that can help creators’ videos go viral. Audius chief product officer and co-founder Forrest Browning said he is excited to open the doors for creators to interact with Audius and capture the attention of celebrities on TikTok. Browning also made the following statement:
TikTok has become a social media beast over the past few years, and we’d love to let the Audius ecosystem take advantage of it. What’s good for artists is also good for the Audius community, and by allowing artists to import their verified status from TikTok, we think this will attract an even wider range of talent.
Web3 coin price jumped after the news
cryptocoin.com As you follow, Audius began its partnership with TikTok in August 2021, when the social platform began allowing Audius publishers to upload music to the TikTok app’s audio library. After sharing the news of this new feature, the price of Audius’ native token AUDIO doubled, bringing its market value at the time to over $1 billion. However, the increase in price did not last long and in 2022, it lost value in parallel with the market. In this process. The price of AUDIO fell by 90% from August 2021 to $0.32. However, after today’s news, Web3 coin price diverged from the market and started climbing again. At press time, AUDO was up about 19% on a daily basis to $0.3695.
AUDO daily price chart / Source: CoinMarketCapMeanwhile, it should be noted that the platform has also attracted the attention of musicians such as Katy Perry, Nas, and the Chainsmokers, who contributed to the company’s $5 million funding round in September 2021.
