Decentralized music platform Audius is deepening its dedication to neighborhood possession with an formidable rewards program to distribute roughly $3 million in crypto rewards to its customers.
The platform differentiates itself within the streaming panorama by permitting artists to set their very own phrases and management pricing, with followers capable of help creators by means of direct funds. Audius has attracted Skrillex, deadmau5, Zedd, REZZ, Disclosure and plenty of extra influential digital artists alongside partnerships with main performing rights organizations like ASCAP, BMI and SESAC.
Now in its fourth week, Audius’ program will in the end dispense 30 million of its native token, $AUDIO, to its most engaged artists and followers over the approaching months and years.
“Audius is a music ecosystem that empowers and enfranchises its neighborhood to manage its personal future,” mentioned Audius co-founder and CEO Roneil Rumburg. “As a result of our members all share in possession of the platform, additionally they all share within the success of the platform. The response from artists and followers to those rewards has been unimaginable to this point and we’re wanting ahead to rolling out much more methods for them to take part financially within the Audius ecosystem.”
Charlie Gross
Audius launched the initiative final month by advantage of a 2-million $AUDIO airdrop on to artists, celebrating surpassing 250 million complete streams. Nonetheless, the streaming service has structured its rewards program to learn each creators and listeners, with completely different weeks specializing in artists, followers or each teams.
This week, Audius considerably boosted incentives for its Weekly Trending Competitors, growing rewards by 10x. The highest 5 Trending Tracks and prime 5 Trending Underground Tracks will now every earn 1,000 $AUDIO tokens each Friday.
c/o Audius
This system has acquired constructive suggestions from unbiased stakeholders throughout the Audius ecosystem. Thorwald van den Akker, Co-founder of bitbird, praised Audius for “giving again to the neighborhood” and “constructing one thing immediately for artists,” whereas Josh Yamini of Good Society credited the platform with serving to his unbiased label develop from its earliest days.
“As somebody who’s been part of the Audius neighborhood since $AUDIO launched – I am actually stoked a few extra constant manner for artists (and followers) to earn tokens for placing their music onchain,” added Coop Data founder Cooper Turley.
Particulars on all of Audius’ rewards will be discovered on the corporate’s official blog.
Comply with Audius:
X: x.com/audius
Instagram: instagram.com/audius
TikTok: tiktok.com/@audius
Fb: facebook.com/audiusproject
