Audius : 91% |
Review Date: March 21, 2021
Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content. The protocol consists of Discovery nodes, Content nodes and a dedicated ledger as a single source of truth for all data accessible within the Audius protocol. AUDIO is the native utility token for Participating in protocol governance voting, Staking for running discovery or content nodes so users will get a share of network fees and Staking to unlock features like artist tokens and badges and receive voting power from fans.
Audius has millions of users on their platform. Audius protocol has an open-sourced codebase with a solid dev team producing frequent good quality updates to their platform. Audius is well placed to create artist-centric token economies and potentially create new forms of engagement between artists and fans via Artist tokens.