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 Dec 13, 2021 at 8:15 p.m. UTC
Layer 2

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.

CoinDesk - Unknown

(Kevin Ross/CoinDesk)


Read more about

DISCLOSURE

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.

CoinDesk - Unknown
2
CoinDesk - Unknown
June Was Bitcoin’s Worst Month Ever

Plus, European crypto regulation comes into view.

CoinDesk - Unknown
3
CoinDesk - Unknown
What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years

Poor macroeconomic sentiment, fears of inflation and systemic risks from the crypto market pushed the cryptocurrency below 2017’s highs.

CoinDesk - Unknown
4
CoinDesk - Unknown
Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding

A British Virgin Islands court ordered Three Arrows' BVI branch into liquidation earlier this week.

CoinDesk - Unknown