Audius
Current price
$0.0153
−3.65%24h
LiveUpdated 22s ago
TodayAudius falls 3.7%, in line with the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.52%
- 24 hours−3.65%
- 7 days−2.73%
- 30 days+20.77%
- 1 year−64.69%
Audius's move in context
Moving with the market
−3.65% today, close to the whole market (−3.24%). Nothing specific to Audius stands out in the price.
Trend has turned
−2.7% over 7 days and +20.8% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Audius
Overview
Audius is a blockchain-based decentralized music streaming service designed to provide artists and listeners with a seamless and rewarding experience. Its core mission is to democratize the music industry by eliminating intermediaries, enabling artists to retain true ownership of their content, and ensuring they receive fair compensation for their work. Audius distinguishes itself from traditional music streaming services by leveraging blockchain technology to foster transparency, security, and a direct connection between creators and their fans. Through a decentralized network, Audius empowers artists to publish their music with higher royalties while offering an ad-free listening experience to fans.
Technical Features
Audius operates on a decentralized network utilizing an Ethereum-based blockchain for its token, Audio, which serves multiple roles in the Audius ecosystem. It's built on a POA (Proof of Authority) consensus mechanism, prioritizing scalability and cost-efficiency over resource-heavy models. Audius utilizes an innovative and secure content management system, employing a distributed ledger to ensure that the ownership and distribution of tracks are immutable and censorship-resistant. Additionally, Audius implements a decentralized node architecture where content nodes are crucial for hosting, and discovery nodes facilitate the indexing of all content. Together, these elements create a network that is resilient and resistant to failure, ensuring that music is always available and properly attributed to its rightful owners.
Use Cases
Audius primarily acts as a decentralized music streaming platform where artists maintain control over their content and distribution channels. Its blockchain foundation allows for transparent royalty distribution directly to the creators, bypassing traditional music industry bottlenecks. As part of a broader DeFi movement, Audius presents a compelling case for democratizing digital music rights and optimizing royalty payments. With the emergence of NFTs (Non-Fungible Tokens), Audius can also integrate NFT capabilities for exclusive content and fan privileges. Moreover, as more artists join the platform, Audius has potential in governance, enabling artists and stakeholders to shape the evolution of the platform through decentralized decision-making.
Development Background
Audius was co-founded by Roneil Rumburg and Forrest Browning, and since its inception in 2018, it has rapidly grown with a strong backing from notable investors, including Binance Labs, Coinbase Ventures, and Pantera Capital. The platform's launch in 2019 marked a significant shift towards decentralized alternatives in the music industry. Audius has since amassed a large library of tracks and a growing user base, spotlighted by onboarding popular artists and integrating innovative blockchain features. Notable milestones in its journey include the launch of the Audius governance protocol, empowering users with Audio tokens to propose and vote on platform advancements.
Community and Ecosystem
The Audius ecosystem is bolstered by a vibrant community of artists, developers, and music enthusiasts, all collaborating to redefine the future of music distribution. The platform's open-source nature encourages third-party development, enabling creators to build additional tools and applications on top of the Audius infrastructure. Partnerships with influential artists and music festivals further enhance outreach and adoption. Audius also engages with its community through governance processes, where Audio token holders can influence the platform's direction, fostering a transparent and collaborative environment for all stakeholders.
Future Potential
The future potential of Audius is promising, driven by the increasing adoption of decentralized networks and the growing demand for artist-focused solutions in the music industry. Audius's roadmap includes further decentralization of the network, enhancing governance mechanisms, and expanding NFT functionalities to provide artists with unparalleled control over their digital rights. As the platform continues to innovate, it has the potential to set new standards in the music industry and provide a sustainable model for fair artist compensation. The platform aims to further integrate with existing DeFi ecosystems, enabling seamless economic interactions both within and outside the music industry.
Audius market
- Position by market cap among the coins we track.
- #311
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $22.4M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0150High $0.0172
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $4.95
- Now 0% of itReached 27 Mar 2021 · Needs +32,232% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1.46B AUDIO
- 120% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 1.22B AUDIO
- The most coins that can ever exist. Some coins have no limit.
Audius converter
1 Audius = $0.0153
