Audius: The Only DeFi Music Streaming Platform You Need?

In the 21st century, the music industry is plagued by two major problems: Copyright infringement and lack of proper compensation. While illegal players in the music industry cause the former, the latter is typically a consequence of an oversaturated field. Can both issues be addressed with one solution? Audius is your best bet. Fasten your seatbelts, and let's dive into the Audius DeFi music project.

What Is Audius? 

The music industry is evolving rapidly, and with blockchain technology gaining momentum within the space the possibilities are endless. From cassettes and MP3 players, to the rise of streaming giants such as Spotify and Apple Music, the music industry has undergone fundamental changes over the years, with the artist-fan relationship altered forever. Streaming platforms have begun to close the gap that used to exist between artists and music lovers.

However, even though it’s convenient, modern streaming has one fatal flaw: Often, artists aren’t favored in major decision-making processes. In a quest to give power and control back to artists and fans, Audius has incorporated blockchain technology into their platform. 

Source: Audius