Decentralized music startup Audius aims to provide virtual concerts via SoundStage acquisition

Companies • October 19, 2022, 10:00AM EDT
UPDATED: October 19, 2022, 9:45AM EDT
The Block

Quick Take

  • The crypto-powered music platform Audius intends to become the go-to metaverse concert platform via its acquisition of SoundStage, a firm that provides virtual music experiences.

Audius, a decentralized music firm with Katy Perry, The Chainsmokers and other music giants as investors, has acquired the virtual music experience platform SoundStage. 

Audius intends to bolster its presence in the metaverse by providing virtual concerts through this acquisition. 

“For the first time, Audius artists will be able to offer an interactive live music experience to their fans, further cementing Audius as the best place for creators to aggregate and serve their fanbases,” Audius CEO and co-founder Roneil Rumburg told The Block. “Soundstage.fm is an exciting addition to the suite of tools Audius offers for artists to create new and different experiences for their fans.”

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Audius raised over $5 million in funding from notable music industry giants such as Katy Perry, The Chainsmokers, Nas, Jason Derulo and Sony Music’s former CEO Martin Mandier in September of 2021, as The Block previously reported.


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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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