{"id":96040,"date":"2020-10-23T17:00:00","date_gmt":"2020-10-23T14:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-vc-arm-leads-1-3m-raise-for-decentralized-streaming-protocol\/"},"modified":"2020-10-23T17:00:00","modified_gmt":"2020-10-23T14:00:00","slug":"binance-vc-arm-leads-1-3m-raise-for-decentralized-streaming-protocol","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-vc-arm-leads-1-3m-raise-for-decentralized-streaming-protocol\/","title":{"rendered":"# Binance VC arm leads $1.3M raise for decentralized streaming protocol"},"content":{"rendered":"

“# Binance VC arm leads $1.3M raise for decentralized streaming protocol <\/strong>”
\n<\/p>\n

Binance, the world\u2019s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm.<\/p>\n

According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music fans with artists.<\/p>\n

The latest investment round follows a $3.1 million round co-led<\/a> by Multicoin Capital and Blockchange Ventures in July 2020. Major industry players like Pantera Capital and Coinbase Ventures also participated in the round, as previously announced<\/a>.<\/p>\n

According to Audius Co-founder and CEO Roneil Rumburg, the latest rounds brings the platform’s total investment up to $9.8 million. Rumburg told Cointelegraph that it will use the funds to help artists grow and expand their listener base within the system.\u00a0<\/p>\n

Launched in 2018, Audius is a decentralized music-sharing and streaming protocol designed to facilitate direct transactions between listeners and artists. Some prominent creators signed up for Audius include Portland-based Portuguese-American musician RAC, Canadian electronic music producer deadmau5, and American DJ Justin David Blau, better known as 3LAU.<\/p>\n

According to the protocol\u2019s white paper<\/a>, the Audius content ledger is the \u201camalgamation\u201d of smart contracts on the Ethereum network, while different parts of the protocol are set to be running on different blockchain-based platforms.<\/p>\n

On Oct. 8, the startup launched<\/a> the platform\u2019s native token known as Audio Coin (ADC<\/a>). The token\u2019s functionality includes security, feature access and governance. ADC can be earned by users to impact future protocol upgrades.<\/p>\n

Developments in crypto and blockchain technology<\/a> are attracting more and more artists in the music industry. In late September, French DJ David Guetta secured a deal with crypto-focused virtual reality platform Sensorium Galaxy.<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Binance VC arm leads $1.3M raise for decentralized streaming protocol ” Binance, the world\u2019s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm. According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music…<\/p>\n","protected":false},"author":1,"featured_media":96041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/207131ce-ea31-427b-8665-0656bbb9f117.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,74983,75434,55649,117,73711,39579,1372],"class_list":["post-96040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-decentralization","tag-smart-contracts","tag-artists","tag-business","tag-investments","tag-music","tag-streaming"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/96040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=96040"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/96040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/96041"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=96040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=96040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=96040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}