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.

Related: AUDIO Market Cap Over $1 B After Collaboration With Tiktok

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.