What Is Opulous (OPUL)?

What Is Opulous (OPUL)? Complete Guide Review About Opulous.

What Is Opulous (OPUL)?

Opulous brings Decentralized Finance to the music industry, changing how artists access the funding they need and providing a launchpad for the first music copyright-backed NFTs. They’re powering a lucrative new revenue stream for creators in the form of music copyright NFTs. Jump has a solid reputation backing some of the biggest projects in the market, so I’m pleased that they share your vision and I’m excited for to be working together,” said your founder and CEO Lee Parsons.

Opulous has been a community-driven project ever since its inception. And for Mona Lisa Week, the OPUL community came through once again. What an incredible week it’s been. Previously at Kosmos Capital, an investment firm focused on helping blockchain startups scale and integrate their products into enterprises.

Opulous Storage Key Points

Coin BasicInformation
Coin NameOpulous
Short NameOPUL
Circulating Supply43,914,362.59 OPUL
Total Supply500,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

NFT Exchange

Opulous NFT Exchange allows anyone to invest in music, trade copyright shares and earn royalty revenue alongside their favourite artists. They’re creating a brand new financial market based on music. Using your NFT Exchange anyone can own a piece of their favorite artist’s music copyright and buy valuable assets previously only available to industry insiders. Musicians can raise money by freely selling their music copyright as NFTs, while fans can support and form closer connections to their idols by purchasing a real stake in their career.

DeFi Loans

Opulous DeFi Loans are backed by future royalties and will replace the unfair deals traditionally forced on promising artists. Opulous is powered by cryptocurrency, using future-proof blockchain & smart contract technology to connect artists and investors like never before. Despite earning a stable royalty income, too many artists are turned away by traditional banks or forced into unfair deals with major labels.

With Opulous, musicians can fund new projects with DeFi loans up to the value of the royalties they generate over 12 months. On the other side, investors can stake their crypto assets on your platform to generate high returns. Unlike most DeFi platforms, loans are always backed by predictable music assets vetted by your expert team, which eliminates risk on investment.

NFT Launchpad

Opulous is the first platform to launch music copyright NFTs. Unlike other NFTs, tokens offer buyers a share in the music copyright. These groundbreaking NFTs will generate monthly royalty revenue and increase in value as an artist’s career progresses. NFT owners can track this passive income and withdraw their earnings directly from their account. Plus they’ll be trade able on the upcoming NFT Exchange.

Traditional Data Trading

The buying entity can be a merchant, advertiser, investor, big data institute, or other
company that requires the data to predict trends or make decisions. As an example, a consulting company without direct access to first-hand user data could purchase data from a third party provider. Since it is difficult to verify the actual source of the data, mostly buyers do not have guarantees from any party that the data they got is real, clean or even legal.

A new ecosystem for data exchange

Opulous The era of trading data without user consent is over. The new ecosystem is decentralized, impartial, and mutually beneficial. To change this unfair and inefficient
trading model, they need a new platform and unit of data exchange. The first step towards fulfilling this vision is to introduce Measurable Data Token (MDT), a new token for data exchange. Measurable Data Token (MDT) connects users, data providers, and data buyers and denominates the value of data.

It compensates users for sharing anonymous data points while providing data buyers and providers with a more efficient trading model. The MDT is a blockchain-based distributed computing platform with smart contracts securely stored in the Ethereum blockchain. It denominates the value of data in this new economy. In this new ecosystem, sharing one’s data is no longer a superfluous behavior; users are incentivized with MDT for the actual data points exchanged.

By offering more transparent knowledge of each data exchange for all parties, users will also be more motivated to join this initiative. Opulous On the other hand, buyers are also provided with a more efficient exchange model where all transactions are strictly enforced with crypto-graphically secure smart contracts. In traditional closed data exchanges, buyers used to be at risk of buying invalid or fake data without any ways to verify.