Blockchain for Music Startup Raises $5.5. Million in New Funding
Decentralized music-sharing protocol Audius successfully raised $5.5 million as part of its mission to hand back more control to artists.
A blockchain-based streaming site is betting tokens can win over artists and fans.
Decentralized music-sharing platform Audius is moving certain hosting functions onto the Solana network, though staking remains on Ethereum.
The decentralized library of underground tunes is letting artists pool their NFTs in a single online gallery in a bid to be a one-stop shop for their biggest fans.
Audius, a streaming service built on Ethereum, has raised $3.1 million from Multicoin Capital, Blockchange Ventures, Pantera Capital and Coinbase Ventures.
Blockchain startup Audius has revealed details of its decentralized music network's two tokens and governance system in a white paper.