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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Sep 7, 2021

Audius, a blockchain native music streaming platform, hit six million monthly active users in August and announced a partnership with TikTok. Roneil Rumburg, co-founder and CEO of Audius, talks about how Audius works, AUDIO tokenomics, the give and take of decentralization, and more. Show highlights:

  • what problems Audius is solving for creators
  • how artists are utilizing crypto to connect with fans
  • how the crypto components of Audius fit together
  • what three utilities AUDIO, the native token of Audius, offers holders
  • why Audius requires over $500K in AUDIO tokens to run a node
  • why AUDIO’s inflation rate is higher than other popular tokens like Ethereum or Bitcoin
  • which portions of Audius are centralized versus decentralized
  • where the majority of Audius’s listens come from (hint: it’s not the app)
  • how Audius has created a “password” system to make blockchain technology easier to use for non-crypto natives
  • why Audius uses both Solana and Ethereum
  • how big-name artists like Diplo found their way onto Audius
  • how Audius makes it easier to upload music to TikTok
  • what’s next for Audius

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Hey everyone, some news: I've begun writing news and features again. I’m now a Medium Partner, one of a group of writers I have long admired, such as Susan Orlean, Cory Doctorow, James Surowiecki and Will Leitch, among others. You can already check out my first post, which is on my career trajectory and why I still love covering crypto six years in. To find all my writing on Medium, please follow me at Medium.com/@laurashin



Thank you to our sponsors!

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Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021  

 

Episode Links

 

Roneil Rumburg

 

Audius

 

What is Audius?

 

TikTok + Audius Coverage

 

General Coverage