Audius is a decentralized music streaming platform that empowers artists and listeners through blockchain technology. With over 7 million users, hundreds of thousands of participating artists, and collaboration with TikTok, Audius stands out as a rare Web3 application with a real product and a stable user base.
MAIN CONTENT
Audius addresses issues of rights and transparency in traditional music.
The platform operates through a system of nodes, smart contracts, and combines Ethereum - Solana.
The AUDIO token plays a role in governance, staking, unlocking features, and receiving rewards.
What is Audius (AUDIO)?
Audius is a decentralized online music streaming solution that allows artists to retain most of the revenue and create a high-quality music listening experience without intermediaries. Based on Blockchain, this platform currently has over 7 million monthly users and more than 250 thousand artists uploading content.
Listeners can enjoy 320kbps audio for free, equivalent to premium platforms, while artists can freely upload music without censorship or restrictions from intermediaries commonly seen in the traditional music industry.
What problems does Audius solve?
The traditional music industry often reduces the benefits of creators due to high intermediary fees, slow payments, and lack of transparency. Audius directly addresses these issues by building a transparent, uncensored platform that distributes revenue fairly to artists.
Specifically, artists receive the majority of revenue from listeners, the platform allows them to freely upload content without permission, while costs are optimized thanks to blockchain technology, eliminating unnecessary intermediaries.
How does Audius work?
Audius operates based on three basic components: content-creating artists, music-listening fans, and node operators maintaining the system. These nodes are responsible for storing audio files and metadata, supporting content search and distribution.
Audius's technical system includes Content Nodes for data storage, Discovery Nodes that provide search and suggestion functions, and Smart Contracts ensure ownership rights, staking, and automatic reward distribution. The infrastructure combines Ethereum and Solana to ensure security and high transaction speed.
Audius demonstrates the practical application potential of blockchain in the music industry, creating a sustainable development environment for artists and users.
Roneil Rumburg, CEO of Audius, 2023
What are the highlights of Audius?
The Audius platform stands out with the highest music playback quality of 320kbps among free platforms, combining a user-friendly interface with a decentralized backend based on blockchain technology.
Notably, Audius successfully integrates with TikTok, allowing artists to easily share music on the world's leading video platform. The transparency and uncensored content create equal opportunities for the development of small artists.
What is detailed information about the AUDIO Token?
The AUDIO token is the primary governance and payment tool on the Audius platform, developed on the Ethereum blockchain according to the ERC-20 standard. The total supply is nearly 1.26 billion AUDIO, of which approximately 1.23 billion are in circulation.
Allocation Category (%) Development Team & Advisors 27.7 Investors 36 Community 24.3 Foundation 12
The AUDIO token allows users to stake to receive network fee rewards, unlock features, and participate in platform governance through DAO, while also creating collateral assets that support value-added services.
Who are the development team, investors, and partners of Audius (AUDIO)?
The founding team of Audius includes Roneil Rumburg (CEO) and Forrest Browning (CPO), both of whom have deep experience in technology and blockchain, with Forrest being honored in Forbes 30 Under 30.
Major investors like Coinbase Ventures, Multicoin Capital, and Pantera Capital help bolster the project's credibility. Audius also collaborates with TikTok, Solana Foundation, and Metaplex Studios to expand its ecosystem and increase integration capabilities.
What is the current operational status of Audius (AUDIO)?
Despite the cryptocurrency market being in a downtrend, Audius maintains a stable user base and is considered one of the few Web3 projects with clear practical applications. In 2024 and 2025, Audius focuses on completing staking v2, DAO governance, and expanding rewards for listeners.
This indicates that Audius has strong growth potential as the trend towards decentralization and the integration of Web3 continues to rise.
Audius is a pioneering step for the decentralized music streaming model, proving that Blockchain can enhance the experience and rights of both artists and listeners.
Forrest Browning, CPO of Audius, 2024
Summary of Audius
Audius is a clear testament to how Web3 brings real value, with a stable user base and an easily accessible experience. However, investors should consider that the project has not yet seen many breakthroughs in products or tokenomics in recent times.
Frequently Asked Questions
What is the difference between Audius and Spotify?
Audius is decentralized, allowing artists to control revenue and content, while Spotify operates centrally.What is the AUDIO token used for?
AUDIO is used for staking to earn rewards, participating in governance, and unlocking special features on the Audius platform.How can artists upload music to Audius?
Artists just need to create an account and can upload music without asking for permission or going through intermediaries.Does Audius support high-quality music playback?
Yes, Audius provides free music playback at 320kbps quality for users.What major partners support Audius?
Audius collaborates with TikTok, Solana Foundation, and Metaplex Studios to develop its ecosystem.
Source: https://tintucbitcoin.com/audius-audio-la-gi/
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