Oct 7, 2021
Audius is a streaming platform on a mission to “Give everyone
the freedom to distribute, monetize, and stream unstoppable audio.”
With $13.6 million raised by investors like Katy Perry, Jason
Derulo, and Coinbase Ventures, September saw 6M users and a major
partnership with the popular TikTok app. Audius users can stake
$AUDIO to secure the platform, receive a share of network fees,
governance weight, and unlock exclusive artist features. Skrillex,
Weezer, deadmau5, Diplo and Odesza join over 100,000 artists on the
platform. Join Alex & Jacki as they break down this
0:15: decentralized music sharing and steaming service that cuts
out the middleman and allow artists to directly connect with their
users and monetize their work.
0:42: Investors include Jason Derulo, multi coin capital, Katy Perry, Steve Aoki, Mike Shenoda
0:56 - Have raised over $13.6M
1:07 - Coinbase Ventures is also backing Audius
1:15 - Artists like Katy Perry, Weezer, Skrillex, Deadmau5 are already sharing work on Audius.
1:28 - The Chainsmokers are looking to upload live material and test material for their fans
1:47 - tokens encourage community participation
2:00 - The platform’s design doesn’t lead on that it’s blockchain, it appears like any other streaming service
2:45 - Network participants can use tokens to have a stake in artists’ new music
2:55 - The Audius token, $AUDIO, is a governance token that allows holders to vote on how the platform is run
3:20 - This technology decentralizes ownership
3:30 - Interested in speculating on the $AUDIO token? You can do that on Bitstamp exchange (has Bitco as an insurance platform)
3:45 - Or go the p2p route and use Uniswap or 1Inch and swap your Ethereum based tokens
4:00 - Audius has partnered with TikTok, allowing users to directly upload Audius audio files into TikToks.
4:35 - Video shorts are a great way to release new music, and Audius has over 6M monthly users. Imagine a TikTok going viral with your Audius file being used?!
7:14 - The TikTok announcement saw the token hit $3, and it has a $1 billion market cap (compare to Spotify’s **$43 billion**)
7:57 - Token staking allows users to unlock features like artists tokens, badges, and voting power.
8:20 - NFT realm is expansive, imagine owning moments from live concerts or sporting events
8:50 - Katy Perry dropping her NFTs on the Theta network this year. Imagine a token could unlock access to lifetime concerts, if a user was done with that token, they could then sell it on a secondary peer-to-peer market (like OpenSea)
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