Audius, a decentralized music firm with Katy Perry, The Chainsmokers and other music giants as investors, has acquired the virtual music experience platform SoundStage.

Audius intends to bolster its presence in the metaverse by providing virtual concerts through this acquisition.

“For the first time, Audius artists will be able to offer an interactive live music experience to their fans, further cementing Audius as the best place for creators to aggregate and serve their fanbases,” Audius CEO and co-founder Roneil Rumburg told The Block.