AUDIUS move from Ethereum to Solana

Streaming music service Audius was originally built to be used on the Ethereum network, but it has gradually embraced rival blockchain Solana as a way to scale to meet increasing demand. The firm bridges its Ethereum-based AUDIO token to Solana.

Audius is a decentralized music streaming and sharing platform that’s billed as a hybrid of services like Spotify and SoundCloud, with the added benefit of token rewards for users and creators alike.
Musicians Deadmau5, Linkin Park’s Mike Shinoda, Weezer, and Skrillex have released songs via the site.

AUDIO token holder can move the ERC-20 token from Ethereum to Solana using Wormhole’s Portal, a cross-platform bridge that lets users “wrap” an asset from one blockchain to use it on the other. When bridging, the native Ethereum tokens are locked into Wormhole’s smart contract, which then produces new native Solana tokens to use instead.

Audius says that this bridging process is an important step to bringing more functionality over to the rising Solana ecosystem, with a release claiming that it is “paving the way for future Solana-based features on Audius.”

The platform is also now offering new token rewards to users for actions like downloading the mobile app or inviting friends.

Audius adds that it sees this as another potential access point for new users to get onboarded to the blockchain-based music platform.
An Audius representative told Decrypt that Solana’s “low-cost, faster, and more environmentally-conscious blockchain” will help the firm “create an accessible gateway to onboard users into the Web3 ecosystem.”

Painting, Game, Sports and now Music is getting into blockchain and web3 universe that shares its profits and operations with customers that is still very low level maturity.
It would be very interesting to see how to share the profits among firms, artists and customers and how to motivate artists make more qualified contents.

Source: decrypt, coinmarketcap, official website