Meet Audius – a community-owned music sharing platform that is planning to change the world, one blockchain at a time.
After announcing its platform which is now described as ‘the blockchain’s answer to Soundcloud’, Audius got funded in its Series A – with $5.5 million as it launches the first ever blockchain-based music sharing protocol.
The announcement revealed that the funding round was led by General Catalyst and Lightspeed, with Pantera Capital, 122West, Ascolta Ventures and Kleiner Perkins all being part of the funding.
The best way to understand Audius is through their own description, in which they state that the platform is ” blockchain-based alternative to SoundCloud to help artists connect directly with fans and monetize their work.”
The developers said that its protocol exists in perpetuity and is owned and controlled by a decentralized community of artists, music lovers as well as developers. As such, the platform is planning to disrupt the traditional music-sharing service model which many criticize for its lack of artist control and transparency.
The founder of Audius, Ranidu Lankage, is a Sri Lankan pop artist known for going platinum at 19 with the hit ‘Oba Magemai’ that brought a new age of Sinhalese pop music. There are many other artists which praise Audius’ new platform. One of them is 3LAU, an artist who is famous for his cryptocurrency knowledge and music.
3LAU shared his thoughts on Audius, stating:
“Artists need decentralized models for music sharing, and a stake in the platforms they contribute content to. Blockchain allows Audius to do this with tokens and decentralized voting-based governance so artists have a say in how the platform evolves. It’s a very elegant model and one which, as an artist, I find immensely attractive.”
This makes Audius the perfect solution for every artist who wants to connect directly with fans and distribute content to them without the involvement of a middleman. Just like SoundCloud, Audius has all the features of the building, nurturing and engaging with fans – only with the blockchain added – which preserves the artist’s account with no risk of a third party shutdown.
QuadrigaCX Chief Executive Feared For His Life According To A Close Friend
‘’Gerry was holding, we know, over $100 million, almost $200 million dollars in funds. That makes people do some pretty crazy things. And I think Gerry was aware of that, and I think he was kind of worried that something might happen.’’O’Brien also outlined that the only way to access the funds is if Cotten had already set up multiple contingency measures. He stated that the QuadrigaCX Chief executive should create a backup system in case anything goes wrong. This information can be hopeful for some users of the exchange but everything could be lost if there isn’t a backup system built. When he described Cotten, O’Brien noted that the QuadrigaCX chief executive was a super smart man but that ‘’ a dead man’s switch would be something that Gerry would have had to set up before he passed away.’’ Usually, this kind of a ‘’switch’’ is activated over a long time of inactivity. Some believe that the dead man’s trigger services could send an email to all of the users in a specified period over a month or two. The user is then expected to respond to the emails by clicking a link. However, if the user does not click the link, the trigger is activated instantly or over a grace period. Activation involves sending emails with specific instructions. This is what O’Brien believes that the QuadrigaCX chief executive has already done. As we mentioned previously in the latest cryptocurrency news, the QuadrigaCX chief executive Gerald Cotten died in India after a complication from Crohn’s disease. The funds cannot be accessed still.
Peter McCormack Sued By Craig Wright After Accusing Him Of Fraud
“Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies, the flawed design of which prevents them from scaling to meet the needs of a truly global financial platform.”As previously reported in our latest cryptocurrency news, major crypto exchanges such as Kraken and Binance already delisted Bitcoin Satoshi Vision after Wright took a similar action as towards Peter McCormack only this time to the Twitter user Hodlonaut who initiated the Lightning Torch. Kraken delisted BSV for the same reason and so did the crypto swap service ShapeShift. The only one not delisting the coin is the OKEx crypto exchange.
Binance Chain Launch: Expected Mainnet Swap Set For April 23
"Binance Chain launches its mainnet and plans to execute Mainnet Swap on April 23, 2019.Please note that all dates are only our best estimates and are subject to change depending on how things progress. Please stay tuned for any updates during this period."The Binance Chain launch will also see Binance producing blocks with consensus from the genesis block as of today - and its native coin BNB is planned to be issued in the genesis block. Along with the launch, the exchange provided details for the conversion of ERC-20 based BNB tokens into native Binance Chain-based BNB (BEP2) coins. As such, the exchange emphasized that it will not support the withdrawal of ERC-20 BNB tokens after April 23. Both Binance Chain Explorer and Web Wallet will be available to selected partners in the beta testing mode and are expected to be opened to public access "around April 23, 2019" according to the announcement. What's even more specific in this coming altcoin news is the fact that Binance is planning on releasing more BEP2 coins as more users convert their ERC-20 BNB coins to BEP2 BNB with the Binance Chain launch, while the proportional amounts of the ERC-20 BNB tokens will be burned while "keeping the total supply across both networks constant," as the exchange noted. Currently, Binance is the third largest cryptocurrency exchange in the world. The Q1 2019 profits of the business recorded an increase of 66% compared to the previous quarter, as reported by many best cryptocurrency news sites. In another report, it is shown that Binance earned $78 in Q1 profits due to a massive growth in its over-the-counter platform. Recently, one charity arm of Binance said that it would launch a crypto donation channel to suppor the reconstruction of the Notre Dame cathedral.
Huobi Crypto Exchange Adds Three Trading Pairs For XRP In The USA
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