Is Spotify getting a fairer competition? - Audius raised over $8 million

San Francisco-based start-up Audius has raised $8,6m from Silicon Valley investors for a blockchain-based digital streaming network that connects fans directly with artists and exclusive new releases, Music Business Worldwide reports. The platform aims to allow artists to set the rate for their own work and capitalise on data that shows them who their superfans are. Audius will keep 10% of revenue and the rightsholder will keep 90%. Audius launched in 2019, it has reached 1.3m users listening every month, over 50k people have uploaded content and the platform hosts around 200k tracks.