As blockchain technology increasingly becomes office of the mainstream conversation, its integration with today's almost used technologies is bound to increase. This means that it's only a matter of time earlier video streaming, digital music and social media run across gradual blockchain integrations take place.

Audius (Audio) is one project that is chasing the first-mover reward in the music streaming sector. The music-sharing and streaming protocol facilitates transactions between creators and listeners, making it relatively effortless for users to distribute and monetize sound content.

The projection has received increasing attention for its approach to decentralizing the music industry and on March two the team historic reaching three million monthly active users.

Data from Cointelegraph Markets and TradingView shows that the price of AUDIO surged 108% since the offset of March from a low of $0.38 to a new all-fourth dimension high of $0.79 on March 4 as the altcoin's trading volume spiked from $3 meg to a record $55 1000000.

Sound/USDT 4-60 minutes chart. Source: TradingView

Staking incentives bulldoze user adoption

The first major increase in users followed the project's October 2020 launch and the activation of staking on the Audius platform in Dec. This enabled AUDIO holders to earn a 7% yield for tokens that were staked on the network while they listening to music and interacted with the protocol.

Past the finish of January, the platform had ane.8 million active users and a total of 122 1000000 Audio tokens staked on the network. These figures accept since increased to iii million users and a total of 182.5 1000000 staked AUDIO as the platform continues to integrate new features that incentivize community involvement.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for Sound on Feb. 28, prior to the recent price ascent.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading book, contempo price movements and Twitter activity.

VORTECS™ Score (green) vs. AUDIO price. Source: Cointelegraph Markets Pro

As seen in the nautical chart in a higher place, the VORTECS™ score for Audio hit a top of 69 on Feb. 28, just before the get-go of a prolonged uptrend in price which was further identified by a VORTECS™ score of 80 on March 1. Later on pulling back over the side by side 3 days the score again spiked to 70, just hours earlier a significant rise in the price of Sound.

On March 5, the project revealed its plans to integrate non-fungible tokens (NFT) into the protocol as part of its attempt to offer a total-service decentralized platform and expand its user base.

NFTs accept become a hot topic in the cryptocurrency sector in contempo months, and their integration into the AUDIO platform is probable to bring a renewed wave of interaction from users.

As blockchain technology continues to become more than prominent in mainstream guild, Audius appears well-positioned to become a leader in the streaming music space thanks to a rapidly expanding user base of operations and a growing list of incentives that entice users to stay agile on the platform.

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