Web3 music streaming brings direct stablecoin payouts to musicians
The music industry is actively adopting Web3 technologies for streaming, distribution, and fan engagement. Audius, a decentralized music-sharing platform, announced that artists can now receive payments directly in USD Coin (USDC) after completing its private beta phase. This update allows artists to set their own prices and convert USDC into any currency. A new community revenue-sharing model allocates 10% of payments to the Audius community treasury for future governance decisions. Artists like Kato On The Track and MadeinTYO have successfully utilized the platform to create innovative revenue streams and engage with fans. Independent labels such as DistroKid and EMPIRE are joining Audius, which has secured licensing agreements with major rights organizations, enhancing its legitimacy. The rise of decentralized platforms like Audius may challenge traditional streaming services like Spotify and Apple Music.
