- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Opulous
About Opulous
Founded by Lee Parsons, also behind Ditto Music, Opulous is a blockchain platform on the Algorand system that connects investors with musicians via Music Fungible Tokens (MFTs). These tokens let buyers earn from an artist's revenue. $OPUL Token enables early access to MFT sales, purchase and trade MFTs, reduced transaction fees, and exclusive rewards. Artists use it to apply for MFT sales, and users can stake it for more rewards.
Opulous (OPUL) is a blockchain-based platform designed to bridge the gap between investors and musicians in need of funding. As an innovative peer-to-peer DeFi solution, it operates on the Algorand blockchain system. The platform's inception focuses on minting Music Fungible Tokens (MFTs), unique tokens that offer buyers a revenue share of a single, EP, or album. These MFTs provide ongoing rewards, which increase in value alongside the artist's career growth. By using Opulous, users not only invest in an artist but also gain from their investment as the artist flourishes. This platform provides a unique opportunity for users to invest in music copyrights, a privilege previously reserved for industry insiders. By owning MFTs, users can foster a deeper connection with artists, having a tangible stake in their career, or invest in budding artists and watch their music revenue soar.
Opulous was founded by Lee Parsons, the individual behind Ditto Music, a global music distribution company based in Liverpool.