Katy Perry, Nas, Jason Derulo, Pusha T, and The Chainsmokers are among investors who are betting on Audius to be a huge streaming service.
Audius is doing its initial investing rounds asking for $5 million from potential investors to help make the blockchain streaming app bigger.
The Chainsmokers released a statement and said, “We plan to upload the stuff we play live, which we wouldn’t typically share on traditional music platforms.”
Nas said, “I’ve known that blockchain will change the world since I invested in Coinbase five years ago and I believe it might be the most important technology to ever hit the music industry. Everyone who uploads to Audius can be an owner, you can’t say that about any other platform.”