Blockchain Music Streaming Startup Unveils Source Code, Incentives
Max Boddy's original article for cointelegraph.com reduced by 56%
Audius, a blockchain startup that aims to disrupt the music streaming industry, has uploaded its public beta version. The open source code for public use of Audius is available on GitHub as of Aug. 15.
The startup has issued an open invitation to run network nodes in exchange for compound rewards distributed in Audius' native token. According to Audius CEO Roneil Rumburg, Amazon Web Services is one provider that users can take advantage of to run a node for the music network for staking. Per the report, Audius has so far received $5 million in funding from a number of venture capital firms, including General Catalyst, Lightspeed and Pantera Capital.
The startup is now aiming to launch its public beta by the end of September, which is a development stage for the company to invite more artists and users to the network. Decrypt describes Audius as a company aiming to eliminate middlemen in the music sector.
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