Opulous (OPUL) is the first music copyright NFTs platform. Opulous is a blockchain-based music fundraising and copyright registration protocol. The platform combines DeFi yield generation systems with advanced NFT (non-fungible token) technology to empower artists and fans. Opulous provides musicians and fans a share in the music industry’s vast royalties.
Opulous is a decentralised peer-to-peer DeFi loan platform, providing artists with a more direct and accessible way to secure funding, while also offering everyone the opportunity to invest in one of the world’s fastest growing and most lucrative industries: music.
The protocol uses oracles, which are off-chain sensors, to track song views on prominent streaming sites such as Spotify and Apple Music. The system is in place to keep track of the whole entertainment sector, ensuring that royalties are paid for music played on the radio, television shows, movies, video games, and other platforms. These royalties are paid out in USDC stablecoins on a quarterly basis.
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