Opulous OPUL

1. Summary

Ranks

Liquidity

93

Developer

-

Social

91

Momentum (beta)

78

Stack Rank™

-

Price

$0.03 -4.3%

Market Cap

$15.41M (#1206)

Supply

500.00M / 500.00M

Tags

Binance Smart Chain Ecosystem NFT Music Arbitrum Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Algorand Ecosystem Real World Assets (RWA) Spartan Group Portfolio

More Metrics

Price
52W High price	$0.36
52W High date	28th Mar 2024 (1 year ago)
All Time High (ATH) Date	18th Nov 2021 (3 years ago)
ATH Price	$7.56
% From ATH	-98.96%
All Time Low (ATL) Date	11th Jan 2023 (2 years ago)
ATL Price	$0.04
% From ATL	75.74%

Supply & Trading Volume
Trading Volume (24h)	$566,525.00
Total Supply	500.00M
Max Supply	500.00M
Circulating Supply	500.00M

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Description

Opulous combines NFTs and DeFi to revolutionize the music industry. The platform enables artists to access funding and connect with fans in new ways. Here's how it works:

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Opulous combines NFTs and DeFi to revolutionize the music industry. The platform enables artists to access funding and connect with fans in new ways. Here's how it works:

• Music Copyright-Backed NFTs: Artists can mint music copyright-backed NFTs, which represent a share of the copyright. These NFTs can generate monthly royalty income from platforms like Spotify and Apple Music, and the value may increase as the artist’s career advances.
• DeFi Loans: Artists can fund projects up to the value of the royalties generated over 12 months. Investors can earn returns by staking cryptocurrencies, creating a potential revenue stream from these music assets.

Opulous has several key components:

• NFT Launchpad: This platform allows artists to launch music copyright-backed NFTs.
• NFT Exchange: Users can buy, sell, and trade music copyright-backed NFTs on a dedicated exchange.
• DeFi Component: Artists and investors can utilize risk-free DeFi loans backed by real-world music assets and future royalties.

Advantages

• Fairer Royalties: The use of NFTs and DeFi allows for more transparent and equitable distribution of royalties to artists.
• New Revenue Streams: Artists can access upfront cash by selling NFTs, and investors can generate income through staking and DeFi loans.
• Fan Engagement: NFT holders can receive exclusive benefits such as backstage passes, gig tickets, and merchandise by sharing music on social media platforms.

Technology Stack

Opulous operates on two blockchains: Ethereum and Algorand. The native token, $OPUL, is used for transactions, payment, and staking on the platform.

Community Engagement

• Token Perks: Token holders receive special discounts across the platform and exclusive access to major NFT drops.
• Marketplace Development: Opulous is developing its own decentralized NFT exchange, enabling users to buy, sell, and trade NFTs securely and flexibly.

Mission

The mission is to democratize music financing by providing a more equitable and supportive music economy. This is achieved by leveraging AI-driven tools for music data, tokenizing music catalogs, and offering new revenue streams through DeFi and NFTs.

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