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Zedge Inc. (NYSE:ZDGE<\/strong><\/a>) is one of the best long term penny stocks with huge upside potential<\/strong><\/a>. On October 6, Zedge launched Tapedeck, which is a new music app and service. The company designed Tapedeck to offer musicians greater control over their work and fairer compensation. The initiative extends Zedge\u2019s successful creator-first model, which began with the Zedge Premium marketplace in 2017 and has since paid out millions of dollars annually to creators globally.<\/p>\n Tapedeck is the concept of Tim Quirk, Zedge\u2019s SVP of Product and a veteran of the music industry. Quirk has a history of involvement in the digital music landscape, including being the lead singer of Too Much Joy, launching Rhapsody in 2001, contributing to the development of Google Play in 2011, and founding Freeform Development, which is a startup that Zedge later acquired.<\/p>\n Quirk noted that fair artist compensation was once the norm, citing Rhapsody\u2019s initial standard of a penny per play and FreeForm\u2019s success in proving superfans would pay extra to support artists.<\/p>\n Zedge Inc. (NYSE:ZDGE) builds digital marketplaces and competitive games around content that people use to express themselves.<\/p>\n While we acknowledge the potential of ZDGE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you\u2019re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/a><\/strong>.<\/p>\n READ NEXT: <\/b>30 Stocks That Should Double in 3 Years<\/a><\/strong>\u00a0and <\/b>11 Hidden AI Stocks to Buy Right Now<\/a><\/strong>.<\/strong><\/p>\n