SoundCloud on the blockchain? Audius raises $5.5M to decentralize music

Users will pay for Audius tokens or earn them by listening to ads. Their wallet will then pay out a fraction of a cent per song to stream from decentralized storage across the network, with artists receiving roughly 85 percent — compared to roughly 70 percent on the leading streaming apps. The rest goes to compensating whoever is hosting that song, as well as developers of listening software clients, one of which will be built by Audius. – Josh Constine, TechCrunch https://ift.tt/2AQ3uRx
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