🪙 What is the Audius project? 📉📈🍀
Sector: Music and entertainment via Web3.
Goal: To create a decentralized music platform that enables artists to publish their works directly to the audience without intermediaries (such as production companies or traditional platforms).
Beneficiaries:
Artist: Retains almost all of their rights and earnings.
Listener: Gains access to free or low-cost music content with the ability to support the artist directly.
🔑 Key Features
1. Decentralization: Built on blockchain (initially on Ethereum, then Polygon and Solana for improved speed and costs).
2. Clear ownership rights: The platform prevents music rights theft or central control by companies.
3. Better returns for artists: Artists receive a larger share of profits compared to platforms like Spotify or Apple Music.
4. Social experience: The platform allows listeners to interact with artists directly, such as through rewards or supporting them via tokens.
5. AUDIO Token:
Used as an internal currency for the platform.
For governance and voting on project development decisions.
To incentivize the nodes that secure the network and host the content.
📊 AUDIO Currency
Symbol: AUDIO.
Usage:
Governance.
Staking.
Access to additional benefits within the platform.
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