Aurovine – How Blockchain Music Sharing Technology Works?
Aurovine is a blockchain-based music platform that lets musicians interact with fans and get tangible rewards. Here’s our Aurovine review.
What Is Aurovine?
Aurovine is a music discovery platform that lets you listen, rate, and share music while supporting independent artists. You can also buy and download music. Meanwhile, artists can interact with fans and receive tangible rewards for their efforts. The entire platform is based on the blockchain.
Aurovine is headquartered in London. The company was founded in 2012.
Today, you can visit Aurovine.com online to discover a wide range of artists across genres. You can also browse top 30 charts to see what’s popular, or check featured artists to see who’s being featured this month.
Overall, Aurovine wants to disrupt the music industry to create a model that’s fair to musicians and their fans while cutting out the middleman – like online music stores with their high commissions or record labels with their high overhead costs.
How Does Aurovine Work?
When you register for Aurovine, you’ll receive free AudioCoins. Coins are redeemed when you listen, rate, and share.
Every track you listen to on Aurovine has a listen, rate, and share feature. As you listen to the track, you’ll be asked to rate and comment on it before sharing it onto social media like Twitter and Facebook. This feature is optional, but it helps other fans discover new music. You receive AudioCoins every time you share your favorite tracks.
When you share an artist’s track online, the artist gets AudioCoins as well. Plus, the artist receives a notification when their music is shared – so artists can see exactly how and where their music is being shared.
Aurovine users can spend AudioCoins on the Aurovine platform. Certain compilation albums are available to users for free on signup. However, you can also use AudioCoins to purchase products over the platform. Or, if you’d rather cash out, you can do so by trading AudioCoins on exchanges.
Listen, Rate, And Share
This is the core feature of Aurovine. Users can listen, rate, and share each song. As you listen to a track, you’ll be asked to rate and comment on it before sharing it to social media. When a song is shared, you receive payment in the form of AudioCoins. Your share also gets sent to the artist, so they can get instant feedback on their work.
Earn And Save AudioCoins
Aurovine uses AudioCoins as its digital currency. The tokens are stored in the Aurovine wallet, which is accessible from Aurovine.com. Every time you listen to music you like, you can share tracks for even more coins. The artist you’re listening to also gets coins, and Aurovine will notify them when you share their music. As the website explains, “This creates a unique partnership between artists and music fans.”
Free Bonuses On Signup
Users receive 50 free AudioCoins on signup (after sharing your first track), along with a free compilation of songs.
Follow Artists, Users, And Bands
Each song, artist, and user has a “Follow” button that you can click to be kept up-to-date on news, gigs, and releases from your favorite artists. All the artists you follow will be shown in your profile.
Spend AudioCoins Or Convert Them To Cash
Aurovine rewards its fans with gifts. The more you use the site, and the more you listen/share/rate songs, the more coins you’ll get in your wallet. After collecting coins, you can transfer them to a currency exchange, or allow them to earn interest in an offline wallet. Alternatively, you can spend AudioCoins on Aurovine, where the online store sells merchandise. Aurovine is also working on partnering with other websites to accept Audiocoins.
How Does Aurovine Work For Bands And Artists?
Up above, we’ve explained how Aurovine works for average users and music fans. But how does it work for bands and artists?
Basically, Aurovine lets you sell your music online, set your own price, or let fans pay what they want. You can choose to offer a certain number of free downloads, or set a minimum price for your music – so some fans can choose to pay more. Some artists on Aurovine offer music as a full stream or a 30 second sample, while others sell high-res WAV or Flac files.
As an artist, you get paid when fans listen to your music and share the link on social media. Additionally, Aurovine has an advertising platform you can access to get in touch with their database of music fans.
Ultimately, Aurovine is a free music promotion platform with premium features available for artists who want to take things to the next level. Aurovine has full worldwide distribution available, and distributes to all major platforms like iTunes, Amazon, and Google Play Music.
86% of every sale goes directly to the artist(unless an alternative agreement has been reached under the Aurovine label).
Aurovine was created by Ken Foster, a music technology and digital marketing specialist who sees an opportunity for blockchain technology to disrupt the music industry.
Other key members of the team include Dave Blundell, who has over a decade of experience in music promotion and management, as well as Mark Szymik, a serial entrepreneur and programmer interested in startups and technology.
Aurovine is based in London.
Aurovine is an ambitious project that aims to disrupt the music industry through the use of blockchain technology. The interface is a bit clunky, and it’s unclear how much the site has grown since 2012.
However, the site aims to continue expanding its artist library while growing its userbase. As of now, the platform’s digital currency, AudioCoin, has a market capitalization of 1,316 BTC (over $3 million USD). If you want to make money while promoting musicians you enjoy, then Aurovine is one way to do that. Learn more today by visiting Aurovine.com.