Audius ! - Ethereum apps are endless

“Re-making art for artists’ hands ”is one of the endeavors of the“ Audius ”decentralized application based on Ethereum.

Below we will go into some detail about the decentralized application “Audius” and how it works, and get to know its goals that it seeks to reach.

Looking at Bitcoin, we find that there is a great impact on the emergence of the currency by influencing various aspects of economic life by allowing peer-to-peer financial transactions without the need for traditional financial institutions.

It also contributed to the emergence of Ethereum which in turn allowed many decentralized applications to operate effectively.

Ethereum gives anyone, anywhere in the world the power to create and use open and community-owned applications, with no need for middlemen looking for profit and profit in the process.

Among the promising areas in which Ethereum can effectively contribute is the cultural and artistic.

More than ever, artists and creators need new ways to secure their finances on their own terms, and decentralized apps can offer such avenues, just as Audius does.

What is Audius?

The music industry generates billions of dollars in annual revenue, yet only 10% of that money goes into the artists' hands.

Even worse, these creators are not given any agency as to what happens to their music after it is produced.

Audius promises to change all of this, by serving as a decentralized, community-owned music streaming platform that enables artists to take control of their music and paves the way for new ways to earn money from their fans.

The Audius platform and app is not the same as central platforms such as Apple and YouTube in controlling content, its extent, and blocking it if it does not comply with their policies.

In Audius, as an open application, developers around the world are free to build on it and create new types of musical experiences as they like.

Platform data tools can help artists closely understand their fanbases.

Importance of Audius:

The central music streaming platforms have unfortunately proven to be profit-seeking structures that extract the most value from artists.

It's not about the music or the content creators, it's about the bottom line in terms of earnings, point ended.

Of course, this is not a way to help musicians really grow and thrive.

So, instead of making these platforms as they always are, in a top-down manner, what if one of them is built from the ground up with an artist and community mindset first?

Here Audius highlights that his team wants everyone, especially artists who have been overlooked or denied their rights by traditional music industry platforms, the opportunity by giving them the tools they need to build their communities and their money.

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