Audius (AUDIO) is up 36.6 percent to $2.92 this morning on rumors of a Coinbase listing and a new feature that would allow artists and followers to incorporate NFT information into blogs and social networking sites. According to the company, a new Audius feature allows artists and fans to embed non-fungible tokens (NFT) on blogs and social networking sites such as Twitter and Discord.
The “embedded” capacity is expected to improve musician-fan engagement via NFT and Web 3.0 connections. To use the functionality, artists must connect their Audius accounts to Phantom wallet, a cryptocurrency wallet based on Solana. NFTs from Solana have been highlighted.
According to the company:
“NFT owners can embed collectibles from the two largest blockchains on their Twitter timelines, personal blogs, and websites.” This new feature will help to push collectibles even further into the mainstream.”
Subscribers have increased sevenfold.
The blockchain-based music streaming service’s subscriber base more than sevenfold increased in 2021, with artists such as Katy Perry, Nas, and The Chainsmokers among those who signed on. While social networking sites allow artists to share JPEG photographs, Audius’ embed function allows artists to market and monetize their talents by making NFT metadata available.
Tagging decentralized applications, cryptocurrencies, and blockchain has become a top goal for the social media platform, particularly Twitter, as third-party organizations continue to experiment with new features. The Audius price today is $2.64 USD, with a 24-hour trading volume of $380,283,370 USD, according to CoinMarketCap.