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How Blockchain Technology Is Shaping The Music Industry

The world is changing rapidly and so is the technology behind the music industry. In this field, blockchain makes the show thanks to its incredible features such as NFT, smart contracts, etc.. There are many gamers who push the limits in this incredible field, but in this article we want to focus on two of them: Audius and Revelator.

Audius, the blockchain-based digital streaming service.
Audius is a digital streaming service that connects fans with artists as well as exclusive new music. It achieves this by being completely decentralized: Audius is owned and operated by a thriving open source community of artists, fans and developers around the world. Audius allows artists to share original music and directly monetize streams. Audius allows developers to build their own apps on top of it, giving them access to one of the most unique audio catalogs available.

Audius was founded in 2018 and serves millions of users every month, making it one of the largest crypto apps ever. It is backed by a team of renowned investors.

Audius has 5 million monthly active users, making it the largest mainstream blockchain application.
Audius, a decentralized music app, now has five million users, making it one of the first truly successful consumer Web3 apps. Audius has experienced steady organic growth since launching in 2018, driven by community-driven marketing.

Blockchain can do some really amazing things for music. This can enhance the experience of music fans and ensure artists control over their valuable work. We’ve worked to create a strong, engaged community and an easy-to-navigate interface, and that’s what attracted and retained fans and musicians on Audius. – Roneil Rumburg, co-founder and CEO of Audius

Because Audius is a decentralized protocol, every user is also an owner. Audius’ utility token provides these owners with a clear means of influencing and modifying the service to meet their needs. Therefore, Audius has become a popular place to experiment for tech-savvy artists such as deadmau5 and 3LAU., but it has also provided a much-needed refuge for specialist stages and cross-genre exploration, music often underserved by existing music streaming services and platforms. What happens and what takes off is determined by the community, which now has 5 million members.

Audius user interface
The first streaming service to integrate with TikTok Sound Kit.
In August, Audius was the first DSP to launch with TikTok Sound Kit. Over 100,000 Audius artists are just one click away from reaching TikTok’s estimated billion users. The whole process of just uploading a track and clicking “Share on Tiktok” takes less than a minute. The tracks can then be played behind their own videos and chosen by the entire TikTok user community.

Audius co-founder Roneil Rumburg is appointed a member of the Forbes 30 Under 30 List for Finances.