Audius is a blockchain platform for decentralized, high-quality, and interactive music streaming services. It is one of the largest public blockchain applications not designed for finance. It was created in 2018 by Roneil Rumburg and Forrest Browning on an Ethereum sidechain, and has since expanded to Solana. When its mainnet was released in 2020, Audius held a livestreamed concert with deadmau5 and RAC.
The ecosystem of Audius revolved around the AUDIO token with three groups of participants:
- Node operators stake AUDIO to secure the network.
- Fans use AUDIO to access exclusive contents and features from artists.
- Artists make income in AUDIO token.
Besides, the token is used for governance.
AUDIO does not have a hard cap for total supply. At the moment, there are 830,924,708.00 AUDIO tokens in circulation.
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