Web3 music streaming service Audius is offering a new feature for creators to monetize their content by allowing listeners to send tips to artists, the company said Tuesday.
With audio, the governance token of the Audius platform, users can send tips to any artist who publishes their music on the platform, whether they have a large following or not.
Audius, a platform serving seven million listeners and 250,000 artists, caters to artists who want to share their most exclusive content for their biggest fans on the blockchain. Now, it’s taking the platform it has grown since 2018 in the direction of creator monetization to support artists in new ways, Audius co-founder and CEO Roneil Rumburg told CoinDesk.
“We're not necessarily trying to attract 100% of somebody's fan base from a different platform. We're trying to attract maybe the top 10 most engaged superfans,” the ones who will tip their favorite artists, said Forrest Browning, Audius co-founder and chief product officer.
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