Katy Perry, Jason Derulo, and Other Stars Invest in Audius

by in Blockchain News

Audius attracts $5 M from musicians

Blockchain-based audio streaming app Audius revealed that it attracted $5 M from Katy Perry, Nas, The Chainsmokers, Jason Derulo, Pusha T, Linkin Park’s Mike Shinoda and other stars. Representatives from various music-related spheres also backed the round. The names include the ex CEO/Chairman of Sony/ATV Music Publishing, Martin Bandier, founder and co-chairman of Hitco Entertainment, Charles Goldstuck, and others.

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More and more artists are becoming interested in the crypto and blockchain space.

Previously, Katty Perry announced plans to release an NFT collection in December, Jason Derulo owns a CryptoPunk NFT. On August 16, Audius revealed cooperation with TikTok, as a result of which Audius users can use their music in TikTok videos.

The dapp, similar to Spotify, was created in 2018 by Roneil Rumburg and Forrest Browning.

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The AUDIO native token of the platform currently trades at around $3.14 with a market cap of above $1.2 billion. Currently, it’s the 82bd largest asset by market cap.