How Crypto Streaming Service Audius Hit Six Million Monthly Active Users - Ep.270
Unchained
Revolutionizing Music Streaming: The Audius Experience
This chapter explores Audius, a revolutionary digital streaming service that connects artists directly with their fans. It examines the motivation behind its creation and how its decentralized model empowers musicians to control their music distribution and engage more meaningfully with their audience.
Audius, a blockchain native music streaming platform, hit six million monthly active users in August and announced a partnership with TikTok. Roneil Rumburg, co-founder and CEO of Audius, talks about how Audius works, AUDIO tokenomics, the give and take of decentralization, and more. Show highlights:
- what problems Audius is solving for creators
- how artists are utilizing crypto to connect with fans
- how the crypto components of Audius fit together
- what three utilities AUDIO, the native token of Audius, offers holders
- why Audius requires over $500K in AUDIO tokens to run a node
- why AUDIO’s inflation rate is higher than other popular tokens like Ethereum or Bitcoin
- which portions of Audius are centralized versus decentralized
- where the majority of Audius’s listens come from (hint: it’s not the app)
- how Audius has created a “password” system to make blockchain technology easier to use for non-crypto natives
- why Audius uses both Solana and Ethereum
- how big-name artists like Diplo found their way onto Audius
- how Audius makes it easier to upload music to TikTok
- what’s next for Audius
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Episode Links
Roneil Rumburg
- Twitter: https://twitter.com/roneilr
Audius
- Website: https://audius.co/
- Twitter: https://twitter.com/AudiusProject
- Whitepaper: https://whitepaper.audius.co/AudiusWhitepaper.pdf
- Discord: https://discord.com/channels/557662127305785361/806017242734395413
What is Audius?
- Decrypt: https://decrypt.co/resources/what-is-audius-the-decentralized-music-sharing-and-streaming-service
- Messari: https://messari.io/asset/audius/profile
- Coindesk: https://www.coindesk.com/business/2020/11/11/audius-has-big-numbers-by-crypto-standards-but-can-it-take-on-soundcloud/
TikTok + Audius Coverage
- Audius: https://twitter.com/AudiusProject/status/1427299274325323779
- Rolling Stone: https://www.rollingstone.com/pro/news/tiktok-sounds-streaming-crypto-blockchain-nfts-audius-1211699/
General Coverage
- 6M monthly users
- Moving to Solana (Oct 2020):
- 5M monthly users (Aug 5):
- Copyright nightmare (The Verge 2019)
- NFTs (April 2021)
- Token Drop (Oct 2020):
- Youtube + Audius project
- Music Racer:
- Raises
- Node requirements:
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