So, how much does music cost in the crypto world? It once seemed that streaming services had changed music forever, but here’s a twist: blockchain has burst into the industry and started changing the rules of the game. One of the most famous crypto music services is Audius. Let’s consider the principle of operation of such platforms using this example. What does it offer? Free music without advertising, rewards for artists in tokens, and a decentralized management system. Cool? It seems so. But let’s figure out what pitfalls there are and how much it costs.
Audius: Music Without Intermediaries and With Tokens
Audius is a platform that allows musicians to upload their tracks, share them with fans, and even earn crypto for listening. No labels that take half of the income, no subscriptions for users. It almost sounds like a dream, but there has to be a catch somewhere, right?
Is it Free to Listen to Music on Audius?
Yes, absolutely! Log in, listen to tracks, create playlists – no one will ask you for a cent. No paid subscriptions, no premium accounts. But… (of course, there is always a “but”). Some exclusive content can only be accessed for AUDIO tokens, and some artists can make their tracks paid. So, if you want to support your favorite artist, you will have to fork out – but in crypto.
How Much Do Musicians Earn?
This is where things get interesting. Instead of receiving microscopic payments from Spotify (where they give less than a dollar for a thousand plays), Audius pays artists in AUDIO tokens. At the moment, musicians receive about 85% of the income generated by their tracks. Moreover, payments are made directly, without intermediaries. And if the token rate grows, your earnings also increase. Cool? It seems so. But the AUDIO rate is unstable, so today your tracks can bring you $100, and tomorrow – only $10. And if the crypto market collapses, your earnings will go to hell. That’s the lottery.
How Much Does an AUDIO Token Cost?
At the time of writing, its price is hovering around $0.0886 per piece. Not that much, but just a couple of years ago it cost more than $4, so there is potential. However, no one guarantees that it will take off again. This is crypto – one day you are a millionaire, the next day you are penniless.
Are There Any Alternatives?
Honestly, there are plenty, but everyone has their own problems. For example, there is a project called Musicoin – it also paid musicians in crypto for listening. There is also Opus, but few have heard of it. So for now, Audius remains the only truly working option.
How Not to Lose Your Playlists When Switching to Audius?
This is where MusConv comes into play – a service that allows you to migrate playlists between different platforms. Imagine: you have been collecting your favorite tracks in Spotify or Apple Music for years, and now you want to try Audius. Do you really have to manually search for each song again? No, just upload your playlists to MusConv, select Audius – and everything is transferred automatically. No stress, no loss, no headache. Useful? Of course!
Bottom Line: Is It Worth Switching?
If you like the idea of ad-free music, and at the same time want to support artists directly – why not? Free access, transparent payments to musicians, and decentralization sound like a dream. But do not forget that tokens are unstable, and the crypto market can collapse at any moment. So it is better to perceive this as an experiment, and not as a replacement for the usual streaming. And then – who knows? Maybe in a couple of years, everything will be exactly like this.
Read also: How To Earn Cryptocurrency By Creating Music
