Audius
Audius is a decentralized music streaming platform that enables creators to distribute audio content directly to listeners while maintaining ownership and control over their work. The platform utilizes blockchain technology to create immutable, timestamped records for creative works and automate payments to artists. Audius allows creators to choose from pre-existing license terms or create custom ones, with…
Funding snapshot
About
Audius is a decentralized music streaming platform that enables creators to distribute audio content directly to listeners while maintaining ownership and control over their work. The platform utilizes blockchain technology to create immutable, timestamped records for creative works and automate payments to artists. Audius allows creators to choose from pre-existing license terms or create custom ones, with automated payment transfers and license issuance. The platform operates with two tokens: a utility token called "LOUD" and a governance token called "Audius." Founded in 2018 and headquartered in San Francisco, United States, Audius has raised $16.1 million in Series A funding from investors including General Catalyst, Lightspeed Venture Partners, Kleiner Perkins, Pantera Capital, Coinbase, and Binance Labs. The company operates in the music tech and blockchain infrastructure space.
Business model
Investment Tech > Alternative Investment Platforms > Non Fungible Tokens > Collectibles > Entertainment > Music,
Music Tech > Streaming > On Demand > NFTs
Team background
Company Wise > Google,
College Wise > Stanford University, Yale University
Institutional investors
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