Audius - Music NFT Tools - Alchemy (2024)

FAQs

Is Audius better than Spotify? ›

In terms of audio quality, Spotify streams at a maximum of 320kbps, which is higher than Audius' current limit.

Audius's competitors and similar companies include Corite, Qobuz, Larala.com and Mixhalo.

Artists on Audius currently have no way of profiting from their work so streams on the platform are earning them zero dollars.

We support lossless uploads, while streaming and downloads are delivered at 320kbps, with a sample rate of 48kHz. Best of all, high-quality audio is free for all users, so you can ensure that your fans are hearing your music the way it was intended!

Audius Overview

Our most recent Audius price forecast indicates that its value will increase by 13.09% and reach $0.209494 by April 22, 2024. Our technical indicators signal about the Bearish Bullish 48% market sentiment on Audius, while the Fear & Greed Index is displaying a score of 66 (Greed).

Audius is a streaming platform that allows artists to be properly paid for the work they upload on it.

Audius was initially built on the Ethereum blockchain, but its content management system was migrated to Solana in order to handle its rapidly growing user base.

In a landscape where streaming platforms have often been criticized for the paltry royalties they offer artists, Audius is emerging as a hub where artists can potentially recognize additional upside from their content.

Audius: A decentralized streaming music service that supports NFTs as engagement and social tokens for unlocking goodies and extra capabilities for users. It also allows artists to upload their songs as NFTs, ensuring their immutability and security through a decentralized network of node operators.

So, this is about actual dollars (which can be converted into other fiat currencies for payout). However, there's an additional angle involving Audius's own $Audio tokens. When a fan pays an artist, each will get a token for every $1 in the transaction.

Who owns Audius music? ›

Audius was founded by Roneil Rumburg (who is Audius' chief executive officer), Forrest Browning (Audius' chief product officer), and Sri Lankan musician/entrepreneur Ranidu Lankage. Rumburg and Browning studied computer science together at Stanford before creating their blockchain music company.

You can earn rewards for Audius through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.

Audius boasts over 7 million unique monthly users on its platform, and has attracted investment from some impressive people – both music artists and music executives.

The Audius Crypto Platform and Democratizing Music Access

First and foremost, Audius is a platform for decentralized music distribution and discovery, and a marketplace that connects musicians and fans directly.

Unlike the centralized Spotify platform, Audius favors the creators. They offer much more freedom and options to creators. For example, how they can monetize their work. Creators, developers, and even users have much more say on this platform.

Audius network allows music creators to share and stream their music and audio data in return for instant payments in AUDIO, while keeping full control over their music. Audius is also used by fans who can create playlists and earn rewards by sharing their playlists.

What do you think about Audius? Im a producer and have used bandcamp and soundcloud for years. Auduis is a great decentralized version of those two platforms. I have discovered Audius a few month ago, and from a developer stand point, it is a great app, the public API is not perfect yet but it does the job!