Music Assets to DeFi
Nowadays music industry are widely expanding this year and it’s actively adapting to cryptocurrency right now. Artist are using the power of cryptocurrency, it’s community and the potential of it.
I’ve seen a lot of artist on twitter that sharing their music and offering their talents for cryptocurrency projects.
And we seen a lot of artist that are struggling on getting loans to solve their needs to increase their output on their profession but things are changed when Opulous showed up.
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.
By this big boy it allows artist to make a loan without using banks thanks to the power of DeFI Technology.
About Algorand Techonolgy
The Algorand Foundation is a not-for-profit organization that has a vision of a borderless, frictionless economy built on public, decentralized blockchain technology. The Foundation, in partnership with Algorand Inc, has built the Algorand blockchain protocol — initially designed by cryptography pioneer and Turing award winner Silvio Micali and a team of leading scientists — as the cornerstone of achieving this vision.
Using the technology of Algorand creates a bigger and brighter view for the project. We know that many big projects are running on Algorand network and also most of the internal team on Opulous have a good relationship with Algorand.
About Ditto Music
Ditto Music is one of the world’s biggest digital distribution and record label services platforms, supporting over 200,000 artists and labels across the world. Our services include music distribution to major stores like iTunes and Spotify, chart eligibility, royalty collection and online promotion. Ditto’s record label services handle accounts for major and independent artists. These include social media, radio plugging, online and offline promotion and project management.
By reading the history of Ditto Music it has massive amount of artist all across the globe. Having this awesome company for Opulous it surely expand the amount of supports, trust and outputs and what the project can offer to the community.
Staking with ELA
As a sign of our confirmed staking plans and ongoing collaboration, Opulous will support staking of the ELA on Ethereum token as one of its first confirmed assets, alongside ETH. We encourage the Elastos community to stay tuned for further announcements in the coming days.
As far as we know Elastos have a great and stable run until now with having Elastos for the staking, It’s a great collaboration that creates insurance to the people who loves staking or people that want to stake. I’m sure that most of the $ELA community will join as well.
For $ZIL Community
As part of our ongoing work with the Zilliqa blockchain we have been working with the team to develop cross chain staking mechanisms between Opulous and $ZIL and we will be announcing more exciting details for all $ZIL holders over the coming weeks.
Opulous will surely disrupt the music industry for this amazing vision and having big guns on their back. It’s wise to say that things will get interesting this year 2021 for Opulous, I’m looking forward for the announcements, updates and also the surprises that this amazing project can offer.