Roneil Rumburg, Co-founder and CEO of Audius, discusses the explosive growth of Audius, which recently hit six million monthly active users. He dives into how artists benefit from blockchain technology to connect with fans and the nuances of AUDIO tokenomics. Roneil highlights Audius's unique platform features, including its partnership with TikTok and the innovative 'password' system designed for non-crypto users. He also explores the balance of decentralization and the future plans for Audius, all while navigating the challenges of the music industry.
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question_answer ANECDOTE
Lito's Remix Competition
An artist named Lito uploaded a track and its individual audio stems to Audius, allowing fans to create remixes.
He then reviewed these remixes on a Twitch stream and offered feedback, fostering direct engagement.
question_answer ANECDOTE
RAC Signs Fan Remixes
Following Lito's example, RAC used Audius's remix feature and signed five fan remixes to his label.
This demonstrates how Audius facilitates direct fan-artist interaction and opportunities.
question_answer ANECDOTE
Work in Progress Sharing
Some artists use Audius to share works in progress, gathering feedback before official releases elsewhere.
This offers super fans exclusive early access and deeper engagement with the creative process.
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Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze
Laura Shin
The Cryptopians delves into the story of idealists, technologists, and opportunists fighting to bring cryptocurrency to the masses. The book focuses on the founding of Ethereum by Vitalik Buterin and the subsequent crypto fever it created. It introduces readers to larger-than-life characters such as Buterin, Charles Hoskinson, and Joe Lubin, highlighting the personal and professional conflicts that shaped the early days of Ethereum. The narrative explores the booms, busts, and internecine wars within the crypto world, revealing it as a deeply personal struggle to influence the coming revolution in money, culture, and power.
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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