Audius, a blockchain-based streaming and hosting protocol that its founders refer to as "Soundcloud on the blockchain," has signed up six new advisors from various sectors of the music business following a recent $5.5 million series A funding round. Those advisors include Beatport CEO Robb McDaniels; Twitch co-founder Justin Kan; former Avicii manager Ash Pournouri; Robinhood vp of product Josh Elman; Michael Faibisch; and Pandora head of artist product Shamal Ranasinghe.
The new advisors will assist co-founders Ranidu Lankage, Forrest Browning and Roneil Rumberg with outreach to the music industry as the protocol begins to roll out. The recent funding round included General Catalyst, Lightspeed, Kleiner Perkins and Pantera Capital.
For Lankage, an entrepreneur with a background at Google and a former career as a pop artist in Sri Lanka who released four albums via Sony Music, the goal for Audius is to let artists take control of the distribution of their music directly to listeners, and to use the blockchain's smart contracts system to get artists paid fairly and transparently from any region in the world.