Audius has taken a bold step into the world of Web3 by allowing artists to get paid directly in stablecoin, specifically USD Coin (USDC). This announcement on September 25 marks the end of Audius’s private beta phase, which started in November.
Artists on Audius now have full control over their pricing, enabling fans to pay them directly using their credit cards in USDC. This flexibility allows musicians to convert their earnings into any currency they prefer.
Notably, a portion of each payment—10%—will go to the Audius community treasury, creating a new revenue-sharing model that empowers users in governance decisions about fund allocation.
Raymond Jacobson, the CTO at Audius expressed optimism on X stating that “For any content that can be purchased on Audius, (price listed in $USDC), you can use any token to buy. Try $SOL… $BONK … $WIF … $POPCAT … $W … $JUP … $MOTHER … even $AUDIO.”
The platform has already attracted independent labels like DistroKid, EMPIRE, and Ninja Tune, helping their artists maximize Audius’s unique offerings. Additionally, Audius has secured licensing deals with major rights organizations such as Kobalt, ASCAP, BMI, and SESAC, further solidifying its position in the music industry.
Rumburg previously shared his vision for a decentralized music industry that leverages AI and community engagement. As Audius continues to grow, it poses a challenge to established giants like Spotify and Apple Music, paving the way for a more artist-centric future in music streaming.
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