Audius is building a decentralized streaming platform. What this means is that the actual content uploaded to the site doesn’t exist on servers that are owned and operated by Audius itself. Instead, distributed “operators” are incentivized to run nodes that store the content and metadata on the platform. This allows for a whole lot of fun stuff, which we’ll get into shortly.
The beauty of Audius is that, while all this is running under the hood, the average user has no idea. Using Audius feels like using any other streaming platform you’re accustomed to. You just...play music. Make playlists. Do the things.
Because of its ability to abstract away all of the friction that usually comes along with a lot of early crypto tech, Audius has seen a huge wave of early adoption — with over 2.6 million monthly active users. Every user on Audius has a crypto wallet, and most don’t know it yet.
But the power of this decentralized library of content and code is immense. First, the content transcends the platforms. Much like the “platformless media'' of NFTs, this means that the music and its streaming data are not beholden to the continued existence of Audius itself. If the website disappears tomorrow, the content is still there so long as the nodes stay online. This content is also completely open and permissionless, meaning anyone can build anything that “hooks in” to it.
You and I can build another frontend website that takes all the same content as Audius, but ours is better because we really like the color pink, and our whole website is pink. (If you wanna do this, please DM me.)
Or, in a more impactful example, we can build out ways of monetizing this content in up-until-now completely unexplored ways.
And this is exactly what Audius itself is attempting to build. With the rollout of their native token $AUDIO, artists, curators and fans alike will be able to play in the experimental sandbox of earning and trading coins on the platform. Audius’ vision is to have its platform and the eventual uses of $AUDIO be community-led.
But make no mistake, if we, the artists, don’t like how things are going down on Audius, we can build our own new frontend. That’s the beauty of it! No siloed control means more freedom for artists and audiences alike.