Audius - Crypto's version of Spotify and The free music streaming service, Audius, is just what artists need.
Categories: Crypto News
What is Audius?
Audius is a music streaming platform, similar to Spotify, but built on the blockchain. It decentralizes music sharing by empowering artists and users. Artists can upload their own music and users who spend money can know their funds are going directly to the musicians they want to support.
Why does Audius have value?
Audius is free to use and, unlike centralized streaming platforms, offers a better experience for users and artists. Traditional platforms charge high fees to users and show ads, while artists receive a small amount of the overall revenue their songs generate. Using Audius ensures that money will go directly from the user/customer to the artist. Plus Audius has a fantastic website, great streaming quality, and features many bells and whistles similar to social media like ‘likes’, ‘follow’, and ‘share’ capabilities.
What are the benefits of Audius?
- It is backed by big musicians and artists.
- The platform has no advertisements for users.
- Users’ contribution gives more control and rewards to artists.
What are the disadvantages of Audius?
The platform is prone to be manipulated by bots.
What are AUDIO’s tokenomics?
The total supply of AUDIO is 1,061,025,641. New tokens are rewarded to nodes and are used as governance tokens. Audius’ goal is to give artists 90% of all token revenue.
Who founded Audius?
Roneil Rumburg, Sid Sethi, and Hareesh Nagaraj founded Audies.
Who are Audius’ investors?
Audius has conducted three funding rounds, raising over $13.6 million. Its main investors are Jason Derulo, Katy Perry, Guy Lawrence, John Josephson, Martin Bandier, Mike Shinoda, Steve Aoki, Mark Gillespie, Pantera Capital, and Multicoin Capital.
Audius is for sure a free music web-based feature that has acquired prominence as a decentralized option in contrast to stages like Spotify. It influences blockchain innovation to give a stage where craftsmen can straightforwardly share and adapt their music without the requirement for go-betweens.
Here's the reason Audius has been viewed as useful for specialists:
Direct artist control: Audius permits specialists to keep up with full command over their music. They can transfer their tracks, deal with their profiles, and interface straightforwardly with their fans without the requirement for a record name or wholesaler.
Fair compensation: Audius gives a straightforward and fair installment framework for craftsmen. By using digital currencies like Audio Coin (Sound), craftsmen get immediate sovereignties in light of the quantity of streams and commitment their tracks produce.
Elimination of intermediaries: With Audius, craftsmen can sidestep conventional music industry watchmen and go-betweens, for example, record names and streaming stages. This empowers them to hold a bigger portion of their income and have more command over their imaginative work.
Community engagement: Audius stresses local area working by permitting specialists to associate straightforwardly with their fans. Fans can follow their #1 specialists, make playlists, and take part in friendly associations inside the stage. This immediate association cultivates a more close and connected with fan base.
Discoverability and exposure: Audius offers a stage for arising craftsmen to acquire openness and contact a more extensive crowd. The help has a committed segment for new and moving music, making it more straightforward for audience members to find new ability and classifications.
Decentralized infrastructure: As a decentralized stage, Audius is impervious to control and considers a more open and comprehensive climate for specialists. It likewise diminishes the gamble of a weak link, guaranteeing that the stage stays open and functional.
While Audius has gotten momentum and offers promising advantages for craftsmen, it's critical to take note of that it is as yet a moderately new stage. Its prosperity will rely upon variables like client reception, proceeded with improvement, and rivalry from laid out web-based features. Regardless, Audius has furnished craftsmen with an elective choice to disseminate their music and draw in with their fanbase straightforwardly.