Audius, a “new kid on the blockchain”, is looking to shape an entirely new way of music distribution between artist and fans. AudioCoin breaks down the barriers of traditional music financing, directly connecting artists and fans through a transparent, distributed ledger. Let’s dive in to Audius’ role in music and more on the platform’s native token. The Get Down: What This Platform & Token Is All About For those who are familiar with audio platform Soundcloud, you will understand Audius has gained similar comparisons because of its ‘artist-first’ mentality. This approach allowed Soundcloud to birth many successful artists, such as Chance The Rapper, because of the platform’s ability to drive music to fans with minimal label interference. How does this tie into Audius, as well as cryptocurrency more broadly? The platform is using the blockchain to connect sellers and consumers within music in a similar vein as Soundcloud. Audius also uses the same artist-friendly approach, by allowing them free uploads, a substantial artist percentage payout, and placement opportunities. All of these transactions will be reported on the blockchain. The platform seems to have a firm understanding that artist buy-in is critical. The crypto music platform also has a token available with limited access points; however, this token has surged into the top 150 tokens and will be looking for continue...
