Audius

WHO IS AUDIUS AND WHAT DOES IT DO?‍

Audius is a music-sharing protocol. It is decentralized, community-owned, and artist-controlled. Audius offers a blockchain-based alternative to many other streaming platforms, an alternative that helps artists publish and monetize their work by distributing it directly to fans.

Audius occupies a similar space to popular music players like Bandcamp, Soundcloud, Spotify, and Pandora, but it allows artists to set their own terms as opposed to having to follow the terms of their platform. Audius also freely allows other developers to make use of Audius' underlying content.

By leveraging the AUDIO token, the Audius protocol is able to bring artists, node operators, and fans together in an incentive-aligned way, allowing these actors to collectively provide a high-quality audio streaming experience.  

THE FOUNDATIONAL VALUES OF AUDIUS

1. Users should be compensated in proportion to how much value they create for the networks
2. Artists should directly engage with and transact with their fans
3. Governance power should be earned by creating value in Audius, and shared consistently between user groups contributing to the protocol
4. Prices an earnings for participants should be consistent, predictable, and transparent.
5. Access should be democratized; anyone can contribute to Audius if they follow the protocol rules, and all information is publicly accessible.
6. Intermediaries should be removed when possible; when necessary, they should be algorithmic, transparent, and verifiably accurate

WHY IS AUDIUS UNIQUE?

• Unlike centralized straming platforms (Spotify, Soundcloud, Basecamp), Audius is owned and run by an open source community of artists, fans, and developers all around the world.
• Audius gives artists the power to share never before heard music, and to monetize streams directly
• Audius gives artists the power to share never before heard music, and to monetize streams directly
• Audius is open source and has developer ready APIs. This means developers can. build their own apps on top of Audius, given them access to one of the most unique audio catalogs in existence.
• The community governed dynamics which run Audius mean developers can build without fear of the platform unilaterally changing the rules

WHERE IS AUDIUS TODAY?

Audius has strong user traction, and a blue-chip investor base. The first public version of Audius went live in September 2019. Currently, the platform boasts over 5 million monthly average users. The average session length of a user on the Audius platform is, remarkably, over 40 minutes. Over 100,000 artists have also uploaded their music on the Audius platform. Thousands of new tracks are added daily.