How to Invest in Audius: A Comprehensive Guide

Investing in emerging technologies like Audius can be both exciting and complex. This guide will walk you through the process of getting started with Audius, whether it is through its artists and NFT tokens or the company itself.

How to Buy Audius Coin

FIRST, you need to familiarize yourself with platforms that allow you to buy cryptocurrencies such as Audius with fiat currency (e.g., USD). One such platform is KuCoin, known for its user-friendly interface and support for multiple payment methods.

Log into your KuCoin account.

Click on the Buy Crypto button.

Select the option Credit/Debit Card as your payment method.

Next, under I Want to Spend, choose your local currency (e.g., USD).

Choose your payment method as Credit/Debit Card and select the payment channel that suits you.

Note the disclaimer instructions and click on Confirm to proceed with the purchase.

Other platforms like WazirX also offer similar services, making it easier for users to access cryptocurrencies.

Investing in Audius Artists and NFT Tokens

Instead of investing in the company, you can choose to invest in the artists or creative campaigns featured on the Audius platform. These projects are primarily based on Ethereum and Solana and can be traded on exchanges such as Binance Mandala, FTX, ZT, and BiONE.

To invest in the artists and their NFT tokens, follow these steps:

Sign up and create an account on the relevant exchanges mentioned above.

Use your local currency to purchase the respective NFT tokens.

Explore the platforms to find projects you're interested in and purchase the tokens accordingly.

By engaging with the artists directly, you can support the creators and potentially gain exposure to high-demand NFTs.

Investing in the Audius Company

Given that Audius is a relatively early-stage company, there isn't a well-established secondary market for retail investors. However, there are still opportunities to invest in the company itself.

Consider the following strategies:

Tracker Participation: Audius recently announced a $5 million funding round with notable investors like Lil Nas X, Katy Perry, and Jason Derulo. This round may still be open for new investors, but securing a spot would likely require a significant investment (at least $250,000) or a compelling reason to join the company's cap table.

Employee Loans and Share Sales: Sometimes, employees may need financial assistance or may wish to exit their shares. As a persistent investor, you could approach employees and strike a deal where you provide loan services or purchase shares from them, with the company receiving a discounted share.

Angel Network Access: Engage with the existing network of investors and angel groups associated with Audius. By building relationships and demonstrating your fit, you might be able to secure a spot in the current or upcoming funding rounds.

While these methods require persistence and networking, they offer potential opportunities to invest in the growth of Audius from an early stage.

Conclusion

Investing in emerging platforms like Audius involves understanding the different investment options available. You can support artists and their NFT tokens or join the early-stage company by exploring investment strategies like participating in funding rounds, engaging with employees, and building relationships within the investor network.

Always conduct thorough research and consider the risks involved. This guide aims to provide you with a clear understanding of the steps and methods to invest in Audius. Happy investing!