What is Audius?

[Hitchcock]

Audius is a decentralized music streaming and sharing platform built on blockchain technology. The platform aims to empower artists and creators by giving them greater control over their content and revenue streams, as well as providing a more transparent and fair way for them to connect with their fans.

One of the key features of Audius is its use of smart contracts, which allow for the automatic and secure distribution of royalties to artists and rights holders. This eliminates the need for intermediaries and ensures that artists receive a fair share of the revenue generated by their content. Additionally, Audius utilizes a token-based economy where the AUDIO token is used to incentivize the community to curate and promote good content, and to access exclusive content and features on the platform.

Audius also aims to provide a more open and decentralized alternative to traditional music streaming platforms. The platform is built on a decentralized infrastructure, which means that it is not controlled by any single entity or organization. Instead, it is maintained by a community of users and developers who work together to ensure the platform's continued development and growth.

In addition to its focus on decentralization and transparency, Audius also aims to provide a more engaging and immersive experience for music fans. The platform includes features such as live streaming and social interaction that allow fans to connect with their favorite artists and discover new music in a more dynamic and interactive way.

Overall, Audius is a unique and ambitious project that aims to revolutionize the music industry by providing a more transparent, fair, and engaging way for artists and fans to connect and share music. It's built on a decentralized infrastructure that gives more power to the creators, and uses smart contracts and token-based economy to incentivize the community to curate and promote good content.

 

Official Website https://audius.co/