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Blockchain Music Streaming Company Audius Launches $AUDIO Rewards

It gives rewards to platform's top artists, fans, and curators simply for using the platform’s $AUDIO coins.
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Blockchain music streaming company, Audius, has announced $AUDIO Rewards. It gives rewards like badges, discord roles, NFTs, Matrix Mode and more to platform's top artists, fans, and curators simply for using the platform’s $AUDIO coins.

Audius Co-Founder and CPO Forrest Browning says this is the first step toward micropayments and monetization on Audius in the future, according to a press release. Cheat Codes, Aluna, RAC, and Alina Baraz are among the listed artists who are getting involved.

According to an Audius blog post, $AUDIO has not been registered under the U.S. Securities Act of 1933 (“Securities Act”) and “may not be offered or sold in the United States or to a U.S. person absent registration or an applicable exemption from the registration requirements.”

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Audius has faced challenges, which the entire music blockchain ecosystem has faced. It has been accused of not paying rights-holders for legally uploaded music and for being a placeplagued with piracy.” Audius has some high-profile music backers who invested a nice chunk of money into it last year.

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