Audius Report by Jesse

Go Bitcoin go! While a far cry from some of the big winners this week, Bitcoin has jumped nearly 20% amidst all the crypto regulation and Ethereum upgrade discussions. Pulling into first is Internet Computer with almost 100% gains, Ravencoin with 90% and to no surprise, Axie Infinity continues to break all-time high after all-time high with another 85% bump this week. Hopefully, the market continues this trend to close out an otherwise rough last couple of months. Our report this week covers a new and interesting take on the monetization of music and artists with Audius.

Introduction

The Audius protocol brings artists, node operators, and fans together in an incentive-aligned way, allowing these actors to collectively provide a high-quality audio streaming experience. These experiences are guided by the foundational beliefs that users should be compensated in proportion to how much value they create for the network and that artists should directly engage and transact

with their fans. In this protocol, governance power is earned by creating

value in Audius, and shared consistently between user groups contributing to the protocol. Access is democratized so that anyone can contribute to Audius if they follow the protocol rules, and all information remains publicly accessible. In 2017, the music industry generated $43 billion in revenue but only 12% of that made its way to artists. As points of comparison, NFL players capture at least 47% of the revenue generated by the entire NFL, and NBA players captured between 49 and 51%. Centralized user-generated music distribution platforms have always succumbed to the influence of legacy institutions, struggling to find sustainable business models. The

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