Most Influential 2021: Roneil Rumburg

Audius CEO on growing a Web 3 Spotify to 6.6 million monthly listeners.

AccessTimeIconDec 7, 2021 at 2:08 p.m. UTC
Updated May 11, 2023 at 5:16 p.m. UTC
Layer 2
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Audius, a music streaming platform based on the Ethereum and Solana blockchains, grew from having 500,000 monthly listeners at the end of 2020 to nearly 7 million today, CEO Roneil Rumburg says. That’s significant, and a signal that Audius might emerge as a real challenge to centralized services like Spotify – or at least find its place within the music establishment.

Rumburg’s app, especially popular among electronic and dance musicians, takes a novel, token-based approach to the economics of music streaming. But it still has to figure out the best way to get cash in artists’ pockets, Rumburg says.

What was your biggest success in 2021?

Audius grew from ~500,000 monthly listeners at the end of 2020 to nearly 7 million today – representing a 14x jump in usage. Artists on the network nearly tripled to over 200,000 while the content catalog doubled in size to more than 600,000 tracks.

Name one big plan for Audius 2022.

Monetization. :)

How is crypto going to change the world by 2030?

I think everyone in the world, whether they know it or not, will interact with a crypto-powered product on a daily basis.

(Kevin Ross/CoinDesk)
(Kevin Ross/CoinDesk)

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



Read more about