Audius AUDIO Price

What is Audius (AUDIO)?

In the evolving landscape of digital music, a new player, Audius, has emerged as a game-changer. Founded in 2018 by Stanford University alumni Roneil Rumburg and Forrest Browning, Audius is a decentralized music streaming protocol that is reshaping the way artists distribute and monetize their work. This innovative platform, initially built on the POA network before transitioning to Solana, offers a blockchain-based solution to the challenges of the traditional music industry, such as opaque music rights ownership and intermediary barriers.

At the core of Audius lies the AUDIO token, a cryptocurrency with a multifaceted role in the platform's ecosystem. With a total supply of 1,104,821,182, AUDIO serves as the backbone for security, feature access, and governance within the platform. Artists, fans, and node operators are the three main stakeholders in the Audius network. Artists benefit from the ability to upload and control their content at no cost, with the promise of high-quality streaming at 320kbps. Fans enjoy free access to a wide range of music, and in the future, might have the opportunity to stake AUDIO tokens to support their favorite artists. Node operators contribute by maintaining the network's infrastructure, ensuring the availability and distribution of content.

Audius stands out with its commitment to decentralization and community governance. The platform empowers $AUDIO token holders with voting rights, enabling them to actively participate in decision-making processes. This approach not only democratizes music distribution but also aligns the interests of artists, fans, and technical contributors. Audius' transition to Solana, a blockchain known for its high transaction speed and low cost, further enhances its scalability and performance.

What is unique about Audius (AUDIO)?

Audius is a decentralized music streaming platform leveraging blockchain to empower artist control and fan engagement, offering high-quality, free music streaming.

Who are the founders of Audius (AUDIO)?

Audius was founded by Roneil Rumburg and Forrest Browning, both alumni of Stanford University.

Who are the backers/investors of Audius (AUDIO)?

Audius is backed by notable figures like electronic music producer deadmau5, Adam Goldberg of Stanford Crypto, and Bing Gordon, co-founder of EA Games.

Where can I buy Audius (AUDIO)?

You can buy Audius (AUDIO) on Binance, Bitget, Gate.io, CoinbaseCrypto.com cryptocurrency exchanges.