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Updated: 13 Jan, 6:58 am UTC
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Audius is a cryptocurrency project that seeks to create a decentralized streaming protocol for the music industry. The project was founded in 2018 by Roneil Rumburg, Ranidu Lankage, and Forrest Browning, who were all inspired by the potential of blockchain technology to revolutionize the music industry. Audius is based on the Ethereum blockchain and uses decentralized ledger technology to provide a secure and transparent platform for music streaming. Audius seeks to bring the power of the blockchain to the music industry, and help artists get paid directly for their work.

Audius has since become an established player in the music streaming industry, and has partnered with major labels such as Warner Music Group, Sony Music Group, Universal Music Group and other independent labels. Audius has also partnered with major streaming services including Deezer, Apple Music and Spotify. Audius has developed an innovative token system that allows users to pay for music streaming directly with Audius tokens (AUDIO) and provides artists with the opportunity to monetize their music by accepting AUDIO tokens. In addition, Audius also offers a platform for music creators to connect with fans and to protect their intellectual property rights.