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
Audius
What is Audius?
TikTok + Audius Coverage
General Coverage
- Moving to Solana (Oct 2020):
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- 5M monthly users (Aug 5):
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- Copyright nightmare (The Verge 2019)
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- NFTs (April 2021)
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- Token Drop (Oct 2020):
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- Youtube + Audius project
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- Music Racer:
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- Raises
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- Node requirements:
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