- A New Era for Audius
- New Payment and Revenue Sharing Model
- Partnerships and Future Prospects
Music platform Audius has announced that, starting September 25, artists can get paid directly in stablecoin USD Coin (USDC), ending the private beta phase initiated in November.
A New Era for Audius
Artists on the Audius platform 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.
New Payment and Revenue Sharing Model
Notably, 10% of each payment will go to the Audius community treasury, creating a new revenue-sharing model that empowers users in governance decisions about fund allocation. Audius CTO Raymond Jacobson expressed optimism about this model, stating, 'For any content that can be purchased on Audius, (price listed in $USDC), you can use any token. Try $SOL… $BONK… $WIF… $POPCAT… $W… $JUP… $MOTHER… even $AUDIO.'
Partnerships and Future Prospects
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. Audius co-founder 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.
Audius continues to advance the music industry by providing artists with more opportunities for monetizing their work and engaging with fans. The implementation of USDC payments and new partnerships underscore its commitment to innovation and artist support.
