Audius

Audius

AUDIO
$0.215156796%-3.85

Key Metrics

Price$0.215156796
Real Volume (24H)$96,713,070.46
Marketcap$263,513,160.15
Fully Diluted Valuation$100,000,000
ATH$4.95
ATH Date3/27/2021, 6:45:35 PM
ATL$0.0437371
ATL Date10/23/2020, 5:56:23 PM
Circulating Supply930M
Total Supply1.1B
Popularity Rank278
Chart
What is Audius?

Audius is a decentralized music streaming platform that aims to empower artists and connect them directly with their fans, eliminating the need for intermediaries in the music industry. The platform is powered by blockchain technology and uses a token economy that includes the Audius platform token (AUDIO), stablecoins, and artist tokens.

Audius was founded in January 2018 by Roneil Rumburg and Forrest Browning, and it has since raised funds through a venture round and a series A round. The platform has received investments from several prominent venture capital firms such as Pantera Capital, Multicoin Capital, Lightspeed China Partners, Coinbase Ventures, and Binance Labs.

The Audius platform is composed of several elements, including content nodes, the content ledger, discovery nodes, and governance. Content nodes are user-operated and handle the hosting of content as well as access to it. The content ledger serves as the system's brain and as the centerpiece of the Audius protocol. It is composed of several layers, including the Ethereum blockchain, the POA network, and the Layer-1 or Layer-2 blockchain networks.

The AUDIO token serves a crucial role in the Audius network by enabling a shared economy. Artists can leverage AUDIO to grow and better engage their fan base, and fans can pay to listen to the music tracks on the platform. Artists can also access content distribution tools to distribute their artist tokens to fans, who can directly support artists with AUDIO tokens.

Moreover, Audius offers SoundCloud, which helps artists monetize their work in creative ways by better engaging true fans. The AUDIO token enables network security, exclusive feature access, and community-owned governance. With AUDIO, users have a voice in the platform's future through active contributions to the network.

In summary, Audius is a decentralized music streaming platform that aims to empower artists and connect them directly with their fans by cutting out intermediaries in the music industry. The platform is powered by blockchain technology and uses a token economy that includes the Audius platform token (AUDIO), stablecoins, and artist tokens.

Audius is a platform that allows artists to share and monetize their work directly with their fans, cutting out the middlemen in the music industry. The platform operates on a token economy, using the Audius token (AUDIO) as well as third-party stablecoins and artist tokens. It offers a decentralized storage solution and a ledger for the exchange of audio and metadata. Users can also use a unique track encryption technique combined with a programmable system for unlocking specific proxy re-encryption keys for their material.

Audius operates as a discovery protocol, allowing users to easily query metadata and a decentralized governance protocol, where artists, node operators, and fans are empowered to decide on protocol updates and upgrades. The platform was founded in January 2018 by Roneil Rumburg and Forrest Browning. They raised funds through a Venture Round and a Series A round. The AUDIO token was distributed through an airdrop, with the top 10,000 artists and fans receiving 5% of the total 1 billion supply.

The platform consists of several elements, including the Audius token (AUDIO), stablecoins, artist tokens, content nodes, the content ledger, discovery nodes, and governance. Content nodes are user-operated and handle the hosting and access of content. The content ledger serves as the system's brain and is the centerpiece of the Audius protocol. It operates on a combination of the Ethereum blockchain, the POA network, and Layer-1 or Layer-2 blockchain networks.

The AUDIO token serves multiple purposes on the platform. It allows fans and artists to unlock exclusive features, enables network security, and allows for community-owned governance. Artists can use AUDIO to grow and engage their fan base, and fans can pay to listen to music tracks on the platform. By staking AUDIO, artists can access content distribution tools to distribute their artist tokens to fans, who can directly support artists with AUDIO tokens.

Overall, Audius aims to revolutionize the music industry by providing a decentralized, community-driven platform for artists to share and monetize their work, and for fans to discover new music and support their.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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