Music platform Audius is among the more mainstream projects to come from the crypto world, securing early funding from players in the very industry the shop aims to disrupt. Think: Katy Perry, Nas, Jason Derulo and Pusha T.
Why it matters: The company’s mission No. 1 is to make money for the music artists on its platform, Roneil Rumburg, co-founder and dance music fanboy, tells Axios in an interview at Consensus 2022 in Austin.
- “Right now, the biggest focus for the Audius ecosystem far and away is monetization,” he said.
Details: The company, founded by Rumburg and Forrest Browning less than five years ago, rolled out its music service in September 2019 that has since grown to 7 million monthly listeners, 250,000 artists and just over 1 million tracks, according to Audius.
- Early adopters included Deadmau5, RAC, and Disclosure.
- It is powered by the Ethereum blockchain.