About Audius ($AUDIO)
Audius is a decentralized platform on which both signed and unsigned musicians and artists can showcase their content via streaming and sharing. It seeks to position itself as a decentralized option for artists and musicians to reach new and existing audiences globally, while receiving royalties without the involvement of intermediaries.
Audius was founded in 2018 by Forrest Browning, Ranidu Lankage, and Roneil Rumburg in San Francisco, California. The platform and Initial Coin Offering (ICO) went live in 2020, after multiple successful funding rounds starting in 2018. Some notable backers were Pantera Capital, Coinbase Ventures, and internationally renowned music stars such as Katy Perry and DJ Steve Aoki. In October 2022, the Audius platform acquired Soundstage.fm, a major virtual music experience platform.
Audius’ native cryptocurrency, the ERC-20 token AUDIO, is staked on the network and used in its processes, most of which are centered around the discovery, streaming, and sharing of new music accessed from the secure Audius environment. Since the Ethereum Merge, Audius has been using a proof-of-stake (PoS) consensus model for block validation. AUDIO price is updated and available in real time on Binance.