Audius Blockchain Music Service Unveils $5.5m Financing

The San Francisco-based music-sharing blockchain platform Audius announced on Wednesday that it has raised $5.5 million in a Series A round from a pool of investors led by US venture capital firms General Catalyst and Lightspeed. The other investors that supported the project were Kleiner Perkins, Pantera Capital, 122West and Ascolta Ventures, all based in the US.

As a decentralized service, Audius intends to do away with intermediaries and let music artists and their audience freely engage …

This article appeared first on Cryptovest

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