Audius


Name

Audius

Summary

-Audius is a fully decentralized music streaming protocol, which has been built on public blockchains,It allows artists and users to distribute their pieces directly to buyers.
-It was founded in 2018 by Forrest Browning, Roneil Rumberg and Sid Sethi.
-Audius uses the Solana Blockchain

Buy AUDIO
Rating

A

Symbol

AUDIO

Overview

Audius is a very unique blockchain protocol that aims to revolutionize the records industry. Audius allows for sharing a decentralized storage solution as well as a ledger for sharing audio and metadata. Audius users can produce  immutable and time-stamped records for all the creative work. Audius is providing a transparent network in an industry which has been riddled by third parties.

Historical Price Movement (in INR)

Buy AUDIO
Technology

Audius recently migrated to the solana blockchain from Ethereum’s POA network. Solana uses proof of stake (PoS) as well as proof of work (PoW). Solana’s programming language is Rust C and C++.
The Audius protocol has various components as follows :
Audius tokens, stable tokens and artist tokens are platform tokens that use 3 primary prongs: access, security and governance.
Content nodes :These are user operated network of nodes to host content and and permission access to content on behalf of various artists
Content ledger : It holds all the references to content hosted by content nodes
Discovery Nodes : A user operated network of nodes that index the Audius content ledger and provide an easily inter iqueryable interface that allows collecting metadata
Governance : The Audius protocol is designed in such a way that the success of the platform benefits all the users of audius who are directly responsible for the success.
Use of Native tokens in the ecosystem: Audius token is called the AUDIO, the token allows users such as fans and artists to unlock various features on the platform. Audius can also leverage the AUDIO to grow and better engage their fan base .AUDIO can also be staked , artists can access content distribution tools which would enable them to distribute their artist tokens to their fans.

Top Artists and fans

50,000,000 AUDIO

Audius Team

410,000,000 AUDIO

Pre mined rewards and air drops

230,000,000 AUDIO

Investors

360,000,000 AUDIO

Volume ( as of 11th april 2022)

$23,233,980

Total Supply

1,091,417,308 AUDIO

Circulating Supply

620,805,326.00 AUDIO

Funding

16/09/2021 : Venture rounds-$5M 30/07/2020 : Venture rounds-$3.1M 08/08/2018 : Series A-$5.5M

Country

United States Of America

Name of Organisation

Audius, Inc

Year Incorporated

2018

Registered Address

San francisco Bay Area, West Coast, Western US

Dispute Resolution and Governing Law

United States Of America

Country Risk Assessment

A1

Founding Team
NameDesignationEducationExperience
Forrest BrowningCo-Founder & CPOStanford University : Master’s Degree, Computer ScienceStanford University : Bachelor of Science, (BS)9yrs
Roneil RumbergCo-Founder & CEOStanford University : Bachelor of Science (BS), Computer Science9yrs
Sid SethiFounding EngineerCarnegie Mellon University : Bachelor's degree, Computer EngineeringCarnegie Mellon University : B.S. in Electrical & Computer Engineering (Computer Systems track)7yrs
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