In this article we will go over the news and prices of the two crypto assets Dash (DASH) and Audius (AUDIO) in detail. Without neglecting the presentation of both projects.
The projects of the Dash (DASH) and Audius (AUDIO) crypto assets
Dash (DASH) is a decentralized cryptocurrency first introduced in 2014 as a fork of Bitcoin. Initially known as Darkcoin, it was renamed Dash in 2015.
Dash is an open-source platform that allows users to send and receive payments securely and instantly, without the need for intermediaries such as banks.
One of Dash’s most important features is its two-tier network architecture, designed to improve the speed and efficiency of transactions. The first layer consists of miners, who process transactions and create new blocks on the blockchain.
The second layer consists of master nodes, which provide additional services to the network, such as instant transactions, decentralized governance and treasury funding.
This two-tier system helps ensure that the network remains stable and efficient, even during periods of high transaction volume.
This project also offers several other features that distinguish it from other cryptocurrencies. One of these is PrivateSend, which allows users to send and receive payments anonymously.
PrivateSend uses a combination of advanced cryptographic techniques, such as coin mixing and onion routing, to obscure the origin and destination of transactions.
Another feature of Dash is InstantSend, which enables near-instantaneous transactions that are confirmed within seconds.
This feature is particularly useful for merchants and businesses, as it enables them to process payments quickly and efficiently.
Dash has also implemented a decentralized governance system, which allows masternode owners to vote on proposed upgrades and improvements to the network.
This ensures that the network remains community-driven and responsive to the needs of its users.
Audius (AUDIO): all the details
As for Audius, it is a blockchain-based platform designed for streaming, sharing and monetization of music.
It is a decentralized protocol that allows musicians to distribute their work directly to fans without the need for intermediaries.
The platform is built on the Ethereum network, which allows its users to have full control over their music without the risk of censorship or data breaches.
One of the unique features of Audius is that it allows artists to monetize their content without ceding ownership or control of their work.
This is done through the use of smart contracts, which are executed automatically when certain conditions are met, such as the number of streams or downloads.
In addition, fans can support their favorite artists by purchasing and holding AUDIO tokens, which are used to access premium features on the platform.
Audius was launched in 2019 and has since gained significant prominence in the music industry. It boasts more than 6 million monthly active users and more than 150,000 artists have joined the platform to date.
The platform’s popularity is due in part to its user-friendly interface, which makes it easy for artists to upload their music and for fans to discover new artists.
In addition to its core streaming and sharing functions, Audius also offers a number of other tools and services designed to help musicians succeed in the industry.
For example, it provides analytical data to help artists understand their audience and track their performance, as well as collaboration tools that allow artists to connect and work with other creators.
News about the Audius (AUDIO) crypto
The Web3 music platform Audius recently announced the implementation of a gating feature for non-fungible tokens (NFTs).
This feature will allow artists to release exclusive content to NFT holders, giving them a new way to monetize their work and engage their fans.
With this new feature, artists will be able to create unique NFTs that represent ownership of exclusive content, such as unreleased tracks or behind-the-scenes footage. These NFTs will be sold directly to fans, and only those who own them will be able to access the exclusive content.
This move by Audius is another example of how blockchain technology is changing the way artists interact with their fans and monetize their work, and it will be interesting to see how it will be adopted in the music industry.
This NFT gating feature is an innovative way to create stronger connections between artists and their fans while creating a new revenue stream. It allows fans to own a unique piece of music history, while giving artists a new platform to sell exclusive content directly to their most loyal fans.
The prices of the Dash and Audius crypto assets
Both tokens appear to have risen over the past week, analyst estimates see both Dash (DASH) and Audius (AUDIO) coming out of their bearish period.
In the past 24 hours, the price of DASH has risen 4%, compared to a 7% increase over the past week. Despite the fact that the month has not been one of the best for the Dash token, these last few days give hope for potential growth to the crypto.
At present, as far as a market overview is concerned, Dash has $638.7 million in capitalization, with a trading volume of $104.1 million.
The outstanding supply is 11.1 million DASH. There is hope for recovery, despite the fact that the cryptocurrency is nowhere near its all-time high of $1,642.22.
AUDIO’s price performance looks better, rising 23.22% in the last week. This too compares with a less than excellent month, which saw the token fall 12% of its value.
The token’s recovery seems evident, with a market capitalization of $303.2 million and a trading volume in the last 24 hours of $87 million. The outstanding supply sees 990.6 million AUDIO tokens.
There is a lot of hope for both projects, will this be the year they regain the figures of their all-time highs?