Opulous (OPUL)

Opulous is a music industry first, launching the next generation of NFTs & peer-to-peer DeFi loans to change how artists get funding & connect with fans.

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Interest lvl

Medium

Updated: Oct 13, 2021

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User Rating

High

3.2/5 • 5 votes

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Ticker

OPUL

Launchpads

Daomaker

Ecosystems

Algorand

What is Opulous

Opulous is a bespoke tool for the music industry that recognises the value of royalty rights, backing entrepreneurial artists with the financial tools to grow. Through tokenization, the platform will leverage an otherwise illiquid asset, giving artists and other industry bodies the clout they need to raise finance.

As the world’s first peer-to-peer finance platform backed by real-world music copyright assets, Opulous will give industry entities access to financial products, like loans and high-interest accounts, that have previously been denied to them.

Opulous, built by music industry specialists, will run on the blockchain to connect investors with artists needing a loan. Besides the security and efficiency advantages, two crucial elements make Opulous an ideal deployment for blockchain: tokenization and smart contract utility.