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

Audius plans to launch its open-sourced product in beta later this year. But it’s already found some powerful investors that see SoundCloud as vulnerable to the cryptocurrency revolution. Audius has raised a $5.5 million Series A led by General Catalyst and Lightspeed, with participation from Kleiner Perkins, Pantera Capital, 122West and Ascolta Ventures.

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

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