Thursday, November 12, 2020

Blockchain music service Audius has 30k-50k daily users | Music Ally

We’ve been following the progress of blockchain music streaming service Audius with interest: from early debates about whether its ‘censorship-resistant’ nature would be a copyright-takedowns nightmare, to its funding rounds in August and October this year. Now the company has given news site Coindesk a new figure on its scale: it’s attracting between 30,000 and 50,000 unique users a day. Note, the monthly unique users figure is much higher: more than 1.3 million according to its public dashboard.

Coindesk’s piece has some technical detail on how Audius’s blockchain and tokens system works, as well as testimonies from some of its artist early adopters. It also returns to the question of copyright, for a service that, SoundCloud-style, allows users to upload tracks to its (not SoundCloud-style) decentralised network.

Audius CEO Roneil Rumburg told the site that there is a tool for rightsholders to send takedown requests directly to the ‘node’ that is hosting copyrighted music. “In the future, we envision there will be an arbitration system that allows the network to openly and transparently resolve disputes of this nature, alongside things like getting revenue shares and splits right if there is a dispute among track owners,” he said.

Stuart Dredge


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