Opulous

Revolutionary music investment platform that could change the industry.

Web3
Product design
NFT marketplace

About the client

Opulous is an innovative music investment platform that utilizes blockchain to transform the way artists and investors interact. Offering Music Fungible Tokens (MFTs) backed by music royalties, Opulous provides artists with alternative funding options while giving investors a unique way to participate in the music industry.

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Challenges

Artists face a significant challenge when trying to secure loans from traditional banks, as copyrights are ineligible as collateral. Additionally, capital market investors have limited opportunities to invest in the rapidly growing music industry. Small-scale investors and fans also find it difficult to access music copyright investments. There is a clear demand for a platform that can tokenize music copyrights and enable effortless trading of these assets.

By providing a platform that can tokenize music copyrights, we can empower artists with upfront funding and financial resources to boost their careers. We can also guarantee the precision of royalty calculations and assessments for music copyright tokens, ensuring that artists are fairly compensated for their work. Our platform will make music copyright investments accessible to all, allowing for greater participation and investment in the music industry.

Development process

Solution statement

Our team developed a music copyright tokenization system that connects artists to financing through MFT and DeFi loans secured by their royalty rights. Advanced algorithms calculate and estimate the value of music copyrights and related royalties, ensuring fair payments to MFT owners. We also created the Opulous Launchpad, enabling artists to launch MFT fundraising campaigns and obtain upfront funding. Customized generative NFTs provide fans with exclusive privileges and unique benefits.