What is Audius?
Audius (AUDIO) is a decentralized music streaming platform that enables artists to distribute, monetize, and share their music directly with fans. Launched in 2019, Audius eliminates traditional intermediaries like record labels and streaming services, giving artists more control over their work and revenue. Built on Ethereum and Solana, Audius leverages blockchain technology to ensure transparency, fair compensation, and censorship resistance.
Audius's native token, AUDIO, is used for governance, staking, and unlocking premium features within the platform.
How is Audius useful?
Audius provides a fairer music economy by allowing artists to earn revenue directly from their listeners without third-party interference. Audius supports royalty payments, exclusive content access, and fan engagement tools, fostering a decentralized music ecosystem. Unlike traditional streaming services, Audius enables permissionless uploads, ensuring artists retain full ownership of their music.
AUDIO token holders can stake their tokens to secure the network, participate in governance, and access exclusive features. Audius's integration with TikTok has further expanded its reach, enabling artists to showcase their music to a broader audience.
How does Audius work?
Audius operates on a hybrid blockchain model, using Ethereum for governance and Solana for streaming scalability. Content is stored on a decentralized node network, ensuring high availability and censorship resistance. Artists can upload tracks, which are secured via cryptographic hashes, allowing listeners to stream them seamlessly.
Audius uses AUDIO staking to incentivize node operators and secure the network. Users can tip artists, unlock exclusive content, and vote on platform upgrades using the AUDIO token, creating a community-driven music ecosystem.
Audius milestones
Launch of Decentralized Streaming Platform: Introduced in 2019, providing an open-source alternative to traditional streaming services.
Integration with TikTok: Enabled seamless music sharing between Audius and TikTok, boosting artist exposure.
Multi-Blockchain Support: Expanded beyond Ethereum by integrating with Solana for faster and cheaper transactions.
Governance Expansion: Enhanced AUDIO token utility, allowing holders to influence platform decisions.
Growth in Artist Adoption: Attracted independent and mainstream artists, increasing decentralized music adoption.
Audius is reshaping the music industry, offering a blockchain-powered alternative where artists have full ownership, fair compensation, and direct audience engagement.
Buy Audius (AUDIO) on BITmarkets.
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