Audius Price Prediction for 2023


Overview of Audius

Audius is a famous decentralized music streaming services provider. Audius provides integrated services for all budding musicians to build their fan following, create & publish works, and monetize their work; these technological solutions can be availed without signing any deals with the platform. Audius is a fully decentralized protocol built on public blockchain infrastructure, serving around 500000 users every month.

Audius Overview

Cryptocurrency Audius
Ticker Symbol AUDIO
Price $0.1324
Price Change 24H +3.01%
Price Change 7D +2.07%
Market Cap $124,033,120
Circulating Supply 935,984,399 AUDIO
Trading Volume $3,851,697
All-Time High $4.99
All-Time Low $0.07774
Audius ROI No Data

The music-focused blockchain project was founded in 2018 by Founders Forrest Browning, Ranidu Lankage, and Roneil Rumburg. Audius project aims to bring complete freedom to musicians, and artists can interact with the audience, giving the entire music industry a new face.

How Does Audius Work?

Audius offers high-quality streaming at 320kbps entirely for free. Audius is a blockchain-based technology, built-in Ethereum and Solana blockchain, unlike any other music streaming platform. It is maintained and run by a group of people who owns Audius token, not by any centralized system.

Hence, Audius bring new technological solutions. When users compare Audius with other platforms, usually, the artist used to get only a small part of the profit, but Audius helps to reduce the revenue distribution imbalance in the music industry.

The five components of the Audius protocol are:

  1. Audius– The network’s native AUDIO coin is the cryptocurrency of Audius. To become an Audius token holder, artists can directly buy AUDIO native governance tokens or earn them as a reward for their art which is shared on the platform. Tokens have three sub functionality within the protocol. They are:
    • Security
    • Feature Access
    • Governance Token
  2. Content Node- It helps to host and share content with the help of artists.
  3. Content Ledger- It keeps all the artist’s information and content.
  4. Discovery Node- It keeps the index of contents and its metadata.
  5. Governance- It helps in modification and improvements.

Different users use the Audius protocol for different goals. Audius protocol is powered by the Audius platform token ($AUDIO). Node operators stake Audius tokens to run the protocol and unlock services. Audius tokens are distributed with fixed genesis.

Audius Partnerships

Audius has partnered with many companies to improve decentralized music streaming. They had researched multiple viewpoints; such smart management decisions include partnering with other companies to unlock extra features.

Audius Partnership with Cloudflare

The challenging engineering problems of Audius, such as issues of client communication with the Ethereum blockchain, are resolved by partnering with Cloudflare workers with the assortment of Web3 mainnet. 80% of customer requests are handled by Cloudflare cache by protecting the quality at the client end. Audius increased the throughput by partnering with Cloudflare.

Audius Partnership with Solana

Solana is an L1 high-performing blockchain. It can do 50,000 transactions per second with minimum network fees of $0.00001. It can help Audius to increase the network speed. In upcoming years Audius will transfer its content management system to Solana. The integrated services starting to unwind the future possible growth of Audius.

Audius Partnership With TikTok

On August 17, 2021, Audius announced its partnership with TikTok, a Chinese social media company where artist can share their videos on TikTok simultaneously with a one-of-its-kind feature. This partnership has created a rush in the market cap past $1 billion. Moreover, the same surge happened when partnered with Solana.

It is pretty apparent that this technology deal of Audius with TikTok makes AUDIO a considerable success. The Audius network will definitely see an increase in demand. This partnership has created a wave in the modern music industry and the crypto market.

Technical Analysis of Audius

Crypto assets are very risky, and one must conduct proper research, technical and price analysis, and then make investment decisions. However, our forecast here tries to give you the most realistic and accurate asset’s future performance.