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Audius

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Overview

#49Popularity
UtilityAsset type
2019Active since
Official site

What is Audius?

Audius is a decentralised music streaming service designed to be an artist-focused alternative to major players such as Spotify and Apple Music. An ERC-20 token operating on the Solana Network, Audius aims to return revenue to the artists themselves by automating the music upload, hosting and payout process.

AUDIO is the token that powers the Audius network. Artists can stake AUDIO to improve their rankings and receive a share of network fees, as well as vote in changes to the Audius protocol and fee structure. AUDIO is also paid out to artists and contributors that contribute the most listened to songs and playlists each week.

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