Research Paper: Opulous
Posted on: 10/15/2021,
2 minutes read
House of Chimera x Opulous
Opulous is an innovative platform that utilizes various decentralized finance (DeFi) integrations to revolutionize the accessibility of funding for upcoming and established music artists. The music industry is notorious for its unfair compensation structures for artists, with cases where artists only receive 10% of the total royalties and lose all ownership in exchange for funding (Savage, 2021). Opulous allows musicians to obtain financing without any traditional finance intermediary.
The native token of the Opulous ecosystem is OPUL. The token will be utilized for trading and staking. Furthermore, the token gives stakers special access to special NFT launches. The team behind Opulous is well experienced within the music industry. It has a broad network of influential music artists that can be leveraged to increase exposure, incredibility, and product adoption.
You can read the full research paper HERE.