Is Audius like Spotify?

So, I'm curious to know, is Audius really a Spotify competitor? I mean, they both offer streaming music services, but is there more to it than that? Do they have similar business models, or do they cater to different types of users? And how does Audius' decentralized approach to music distribution differ from Spotify's centralized model? I'm interested in hearing your thoughts on the similarities and differences between these two platforms.