Blockchain streaming platform Audius announces Solana NFT integration
Blockchain streaming platform Audius announces Solana NFT integration
The market for nonfungible tokens, or NFTs, has grown exponentially over the by year. Now, users of Audius will exist able to feature NFTs from the Solana ecosystem in addition to Ethereum.
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Blockchain-based music streaming platform Audius appear Th that it had launched total Solana NFT integration, allowing its more than than half dozen 1000000 users to begin featuring digital collectibles from the Solana library.
The integration will occur through Phantom, Solana'southward multichain wallet and browser extension. The new features will be available to Audius' silver tier profiles, accounts belongings more than than 100 of the platform's native Audio tokens.
Roneil Rumburg, Audius' co-founder and CEO, said the partnership gives Solana its first "NFT discovery layer," adding that:
"Tooling from Metaplex and the Audius integration with Phantom fabricated it possible to ship Solana support while maintaining the usability bar that Audius has become known for."
As Cointelegraph reported, Metaplex is an NFT marketplace that launched in June on the Solana network. Several celebrities and businesses endorsed it at the time.
Related: Strong fundamentals lure traders back to Audius, Raydium and Helium
Audius, meanwhile, has been in the headlines after it announced a new partnership with TikTok, the popular social media platform. The partnership allows Audius users to share songs directly on TikTok for the purpose of creating short videos. Since launching in 2022, TikTok has become one of the earth'due south largest social media platforms, boasting near 1 billion monthly active users.
NFTs take permeated mainstream consciousness thanks to high-profile glory endorsements, multi-million-dollar collections and a growing recognition that digital collectibles are the futurity. NFT sales reached $900 one thousand thousand in August alone, hands shattering the previous monthly tape gear up in May at $255 million.
Related: CryptoPunks creators sign with top Hollywood agents as sales summit $305M in a week
Investors are shelling out millions of dollars on CryptoPunk NFTs and are even paying high half dozen-figure sums for pet rock collections centered effectually Ethereum. Every bit Cointelegraph recently reported, this yr'southward iHeartRadio Music Festival in Las Vegas this year features an NFT giveaway.
Source: https://cointelegraph.com/news/blockchain-streaming-platform-audius-announces-solana-nft-integration
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