Audius

Decentralized music streaming platform for artists

United States

About Audius

Audius is a digital music streaming service that allows artists to share their music directly with fans in a decentralized manner. This means artists have full control over their content and can monetize their music without intermediaries. The platform uses a native token called AUDIO, which enables users to access premium features and allows artists to earn tokens through engagement. Audius aims to create a community-owned ecosystem that fosters direct interactions between artists and fans.

None, NoneHeadquarters
2018Year Founded
$13.9MTotal Funding
SERIES_ACompany Stage
Crypto & Web3, EntertainmentIndustries
51-200Employees

Benefits

Unlimited PTO
High quality paid medical insurance
FSA
401k
Yearly learning stipend
Equipment stipend and a home office setup credit
Monthly concert stipends
Wellness benefits
Team activities
Bi-annual in-person get-togethers

Risks

Increased competition from other blockchain-based music platforms could dilute Audius's market share.
Volatility of the AUDIO token may deter users from purchasing or holding tokens.
Complexity of blockchain technology may hinder user adoption of the Audius platform.

Differentiation

Audius offers a fully decentralized music streaming platform, unlike traditional services.
Artists on Audius can directly monetize their music without intermediaries.
The platform uses blockchain to create immutable and timestamped records for artists.

Upsides

NFT integration enhances revenue streams and fan engagement for artists on Audius.
Social tokens foster deeper fan engagement and new monetization opportunities.
Blockchain scalability solutions improve transaction efficiency on the Audius platform.