Altcoin WatchCointelegraph.comCryptocurrenciesDEXMarketsMusicNFTStreaming

3 million active users help lift Audius (AUDIO) to a new all-time high

Audius price hit a new all-time high after the decentralized music streaming platform surpassed 3 million active users and developers hinted at future NFT integrations.
As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today’s most used technologies is bound to increase. This means that it’s only a matter of time before video streaming, digital music and social media see gradual blockchain integrations take place. Audius (AUDIO) is one project that is chasing the first-mover advantage in the music streaming sector. The music-sharing and streaming protocol facilitates transactions between creators and listeners, making it relatively effortless for users to distribute and monetize audio content.  The project has received increasing attention for its approach to decentralizing the music industry and on March 2 the team celebrated reaching 3 million monthly active users. Data from Cointelegraph Markets and TradingView shows that the price of AUDIO surged 108% since the start of March from a low of $0.38 to a new all-time high of $0.79 on March 4 as the altcoin’s trading volume spiked from $3 million to a record $55 million. AUDIO/USDT 4-hour chart. Source: TradingViewStaking incentives drive user adoptionThe first major increase in users followed the project’s October 2020 launch and the activation of staking on the Audius platform in December. This enabled AUDIO holders to earn a 7% yield for tokens that were staked on the network while they listening to music and interacted with the protocol. By the end of January, the platform had 1.8 million active users and a total of 122 million AUDIO tokens …
Story continues on Cointelegraph

Related posts
Cointelegraph.comXRPYouTube

Ripple ends YouTube lawsuit over XRP giveaway scams, says CEO

Ripple and its CEO Brad Garlinghouse had alleged that YouTube profited monetarily from fraudulent XRP giveaways. Ripple has ended its lawsuit against YouTube for the social media platform’s alleged complicity in a spate of fake XRP giveaway scams, CEO Brad…
Cointelegraph.comCommunityCryptocurrenciesJack DorseySocial MediaTwitter

Crypto influencers scramble to recover Twitter accounts after suspensions

Twitter suspended a number of major cryptocurrency-related accounts, including some of the industry’s biggest influencers. According to a March 10 tweet by Bitcoin (BTC) podcaster Peter McCormack, at least six crypto-related accounts have been recently suspended by Twitter.The listed accounts…
Cointelegraph.comCredCred CapitalJames Alexander

Case examiner says Cred platform hired escaped prisoner as CFO

Cred’s former Chief Financial Officer, James Alexander, has been identified by U.K. authorities as a prison escapee who was convicted for financial crimes. Bankrupt cryptocurrency lending platform Cred Inc is believed to have unwittingly appointed a prison escapee as its…