Opulous is a cryptocurrency-powered online platform that connects artists and investors like never before, leveraging future-proof blockchain and smart contract technology.
The global recorded music market increased by 8.2% to US$20.2 billion in 2019, marking the fifth consecutive year of growth.
Despite this, the industry has a funding issue. Traditional banks refuse to lend to artists because their most valuable assets, the copyrights they own or share, are not accepted as security.
The disconnect between the music industry and capital market investors is limiting the sector's growth potential over the next decade.
Opulous is a one-of-a-kind tool for the music industry that recognizes the value of royalties rights and empowers entrepreneurs with the financial resources they need to succeed. The platform will leverage an otherwise illiquid asset through tokenization, providing artists and other industry organisations the clout they need to generate funds.
The commercial model of recorded music in the twentieth century was driven by financing constraints. Labels would sign acts, give cash, and recoup their investment by taking a cut of the recording's copyright. The majority of musicians were reliant on this centralized setup since they had few other options for raising funds to record, invest in gear, or promote their work.They don't have to be that way any longer. Opulous will provide industry entities access to financial products such as loans and high-interest accounts that have hitherto been denied to them as the world's first peer-to-peer finance platform backed by real-world music copyright holdings.
Opulous, a blockchain-based platform created by music industry experts, will connect investors with musicians in need of funding. Aside from the security and efficiency benefits, two key features make Opulous an excellent blockchain deployment: tokenization and smart contract utility.
Working with digital assets like copyright has become considerably easier because to tokenization. Opulous can programmatically view the asset, as well as the ownership divides and revenue chain associated with it, in a way that banks have never been able to.
Predictable royalty earnings serve as the foundation for making loans, with catalog ownership serving as security. It implies that artists who might have been disregarded in the past will now be eligible for loans, while also offering the strong security that investors seek.
Loan terms can be written directly into smart contracts, a feature of blockchain that automates the execution of contractual obligations. The royalties generated by the staked copyright can be used to pay interest and monthly premiums right away. The copyright is immediately transferred back to the original owner after the loan is returned in full with interest, owing to the smart contract.
The Opulous platform, a peer-to-peer DeFi solution created for musicians and artists on the Algorand blockchain system, was recently introduced by Ditto Music, a multinational music distribution firm located in Liverpool. With the support of this groundbreaking platform, hundreds of artists will gain access to funds outside of traditional finance, such as banks.
Ditto Music helps over 250,000 independent artists and labels globally as one of the world's most important music distribution and record label services platforms. It distributes music to more than 160 music services, including Spotify, iTunes, Deezer, and Shazam .Their core services include chart eligibility, royalty collection, and web promotion, in addition to music distribution.
The Algorand Foundation: A Short Overview
A non-profit organization founded with the goal of creating a borderless, frictionless economy based on open-source, decentralized blockchain technology. The Algorand blockchain system was created by Silvio Micali and a group of smart scientists. To realize blockchain technology's future promises, the Algorand Foundation is founded on the blockchain protocol and open-source software. This pioneering platform has envisioned an inclusive ecosystem in a sustainable and environmentally responsible manner by applying the Proof-of-stake consensus mechanism.
Opulous: Bringing Music Assets Into DeFi
Opulous is the first-ever DeFi (Decentralized Finance) (DeFi) system supported by music as an asset class for musicians. It functions as a loan pool from which artists can borrow as well as donate. With the copyright they own as collateral, artists can readily receive guaranteed low-interest loans based on their previous streaming profits. By contributing to Opulous' Music Copyright Pools, artists and other investors can bypass the inequitable traditional banking system. Meanwhile, they each receive a ten percent annual return on every dollar they contribute.
The inspiration behind such an Open-source platform was none other than the 250,000 plus Ditto users who either were not eligible for financial support through traditional means of banking or who hold their streaming revenues in their accounts. Opulous emerged as a bold new venture for investors and also provided an option for financially supporting artists who fervently want to fund the future of their careers. The platform is not just for Ditto users but is open to anyone without restraints.
A welcoming environment for investors
Institutional investors have flocked to buy back libraries from industrial giants, but this benefits only the institutional participants on both sides of the transaction. The market for investing in copyright and royalty contracts will be blown wide open by adding a liquid layer to them, as Opulous will do.
Opulous becomes a universal open platform in which any number of parties can participate by employing smart contract technology. Because there are fewer overheads with the peer-to-peer approach, more profit may be given out to investors. Opulous, unlike most DeFi (Decentralized Finance) platforms, is backed by real assets, ensuring that funds are safe.The platform's transactional operations will be driven by additional token capabilities, but the fundamental method is to visualize and represent an otherwise underserved asset.
Returning control to the artists
The music industry's lack of investment has perpetuated a power imbalance that has traditionally favored the bigger players. It has stifled creativity and denied creators with a track record of success and financial security the flexibility they would have in any other field.
Artists will be able to respond more quickly in financial markets thanks to Opulous, which will provide them with entrepreneurial tools to help them advance their professions. The rewards could be greater than ever in a rising industry.
Significant Features of Opulous
Opulous leverages Algorand’s blockchain technology benefits and uses it to connect investors with artists who require a loan. Opulous allows investors to seamlessly share high earnings and diversify their portfolios with assets specifically available to music industry insiders. Monthly premiums and interest repayments are automated, and profits are directed straight to investors using Smart contracts. To provide complete backing, it also onboards staking from third-parties.
“Musicians are typically largely disregarded when it comes to typical banking loans, or the terms are so unfavorable that it isn't worth their time,” said Lee Parsons, CEO of Ditto, on the introduction of Opulous. Opulous uses De-Fi to bypass traditional banking, giving musicians a platform with low interest rates and investors the opportunity to invest in one of the world's most fascinating and fastest-growing financial industries.”
Opulous is built on Algorand's public blockchain technology, which makes it available to the general public while still ensuring transaction security. Ditto and Randlabs are presently working on it. Algorand Technology is the focus of this blockchain development lab. Borderless Capital, TrystVerse, Somesing, BASIC, and Kosmos Capital have already contributed $1.5 million to Opulous' seed round of funding. Elastos, an open-source blockchain network for digital assets, is its first and foremost staking partner. A Minimum viable product (MVP) is in the works, with a release date set for the end of March.
Chief Executive Officer and Managing Partner of Borderless Capital, David Garcia, stated that:
“Using blockchain technology to democratize the access to the music’s capital markets is really disruptive and unique. We are excited to back the Opulous platform and for the opportunities this is bringing to investors and music artists. By building on top of the Algorand Blockchain, the Opulous platform will perform as one of the first real-world DeFi (Decentralized Finance) applications.”
Opulous, a DeFi platform based on Algorand's blockchain technology, connects investors with artists in need of finance. It will continue to serve as a lending pool for prospective feature musicians in the future. Over the next decade, the industry's revenue is expected to quadruple as new and high-quality investments are made. It's also a significant step forward for decentralized blockchain technology.
Uniqueness of the platform
DeFi is one of the fastest-growing industries in the cryptocurrency world, with the potential to impact the future of finance. It has already begun to loosen banks' grip and cause consumers to reconsider the outdated practices set by traditional lenders. Existing systems have seen substantial growth, with over $37 billion in DeFi projects already in the works. Opulous will launch a new peer-to-peer service with a ground-breaking collateral method that captures the genuine value of real-world music assets. DeFi lets any borrower to get a loan quickly without having to go through the credit checks and audits that traditional banks require.
DeFi is a financial services company that leverages blockchain technology and cryptocurrencies to deliver financial services such as loans, all of which are supported via smart contracts. It is decentralized and anonymous, eliminating the need for middlemen and exorbitant fees. By staking their crypto assets in lending pools, users can earn higher-than-average interest rates. While the advantages of DeFi are obvious, current platforms face obstacles, and consumers must accept a variety of unknown hazards.
Borrowers must supply collateral of at least equivalent value to the DeFi loan they want to take out, as with any lending transaction. Cryptocurrency is utilized as collateral on current systems. This is where DeFi has the most difficulty.
Cryptocurrency prices are notoriously unpredictably fluctuating. If the value of the crypto in question falls, so does the collateral for the loan.Bitcoin (BTC) and other alt-coin prices have been on a roller coaster in recent years, which may be problematic for both DeFi lenders and borrowers who use them to secure loans.To avoid this risk, one of the most well-known DeFi platforms, MakerDAO, requires borrowers to furnish crypto collateral worth far more than the loan they're seeking. In fact, it's at least 150 percent.
And if prices fall, the borrower is usually the one who pays the price. When the value of a DeFi loan's crypto collateral begins to plummet, the lending pool is normally regulated to ensure that investors don't lose their money. This can be accomplished by selling the collateral to pay off the debt. The borrower will be able to maintain their loan, but the crypto they provided to cover it will most likely be lost. As you can see, the price of bitcoin fluctuates, which might cause issues. However, Opulous varies from other DeFi platforms in this regard.
Opulous is a decentralized peer-to-peer DeFi loan platform that gives artists a more direct and accessible way to acquire finance while also allowing anybody to participate in one of the world's most valuable industries: music.The Opulous approach to collateral, though, is what actually sets it apart.Future music royalty earnings and copyrights are used to back up opulous loans. These assets, unlike Bitcoin, have a known future value and are risk-free.To determine how much money a borrower is eligible to borrow, the platform will examine their music data and copyright assets.It will then create a personalized loan payback plan for them based on their expected future earnings.Musicians who make a consistent royalty income will be eligible for up-front loans equal to the value of revenue they generate over a 12-month period, with interest rates as low as 4%.
Ethereum is currently used by the majority of DeFi services. However, Opulous is based on the Algorand blockchain.
Algorand is one of the most advanced and intriguing blockchain projects in the world, with a reputation for scalability, efficiency, and security. It can process 84 million transactions per day and completes each one in less than 4.5 seconds. It's the ideal partner for helping Opulous scale at a rapid rate as more people become aware of the platform's revolutionary potential.Ethereum (ETH) is currently used by the majority of DeFi (Decentralized Finance) services. However, Opulous is based on the Algorand Blockchain.
Algorand is one of the most advanced and intriguing blockchain projects in the world, with a reputation for scalability, efficiency, and security. It can process 84 million transactions per day and completes each one in less than 4.5 seconds. It's the ideal partner for helping Opulous scale at a rapid rate as more people become aware of the platform's revolutionary potential.
Music Copyright NFTs will open up royalty revenue to the general public, creating an altogether new financial sector. Investors will be able to purchase shares in assets in the same way they can on the stock market. However, rather than purchasing stock in firms, these investors can now invest in the music market, which was previously only available to industry insiders and large music funds.
The Opulous platform is launching a completely new music-based financial market. Opulous tokens, unlike other NFTs, give customers a piece of the music copyright. These ground-breaking NFTs will earn monthly royalty money and will appreciate in value as an artist's career advances.
This new type of Exchange will not only give investors a new type of asset, but also a new way to produce revenue. Plus, by selling fractions of existing and future music copyrights, artists will be able to raise even more money.
Fans will be able to get even closer to their favorite performers thanks to the Opulous NFT Exchange. They will be able to support their idols by purchasing copyright shares of their songs, in addition to listening to their music, attending concerts, and purchasing merchandise, all while receiving a piece of the track's royalty money.
The more successful an artist becomes, the more money his or her followers earn. It's a win-win situation for everyone.
Owners of NFTs can keep track of their earnings and withdraw them straight from their Opulous account. They'll also be available for trading on the future Opulous NFT Exchange.
- NFT owners have the ability to invest in new songs and musicians.
- Increase earnings as musicians get more well-known.
- As an NFT owner, you can buy and sell music copyright shares.
Deferred Payment Loans
The platform offers Risk-free DeFi loans backed by real-world music assets and future royalties.Too many musicians are refused down by traditional banks or coerced into unfavorable bargains with major labels while having a consistent royalty income. Musicians can use Opulous to fund new projects with DeFi loans up to the value of the royalties they generate over the course of a year.
Investors, on the other hand, can use our platform to stake their crypto assets for big returns. Opulous loans, unlike most DeFi platforms, are always secured with dependable music assets evaluated by our experienced team, removing risk from the equation.
- When artists need money, they can get it quickly.
- Investors put their crypto assets on the line in exchange for risk-free rewards.
- Repayments are simplified thanks to direct connectivity with 76 music services.
Opulous is the first platform to offer copyright NFTs for music. Opulous tokens, unlike other NFTs, give customers a piece of the music copyright. These ground-breaking NFTs will earn monthly royalty money and will appreciate in value as an artist's career advances.
Owners of NFTs can keep track of their earnings and withdraw them straight from their Opulous account. They'll also be available for trading on the future Opulous NFT Exchange. This avails users with the following ;
- Mint and sell music copyright NFTs for a profit.
- Create a new source of income for artists.
- Copyright shares can be used to earn royalties.
Opulous collaborates with Binance to launch exclusive music NFT drops
The platform has announced a new partnership with Binance, the world's largest blockchain ecosystem and Cryptocurrency Exchange (Digital Currency Exchange). The Opulous community will benefit greatly from the collaboration with Binance. Binance's fresh new NFT marketplace will be used to generate and launch some unique music Non-Fungible Token (NFT) drops with major musicians.
There will be many ways to participate in the deals, and if you're a member of the amazing community, you'll be the first to know about them. Furthermore, Opulous is excited to engage Binance's global audience and share its vision for Opulous with millions of new music and blockchain fans.
The Opulous platform will also allow budding artists to advertise their own sales on the Binance NFT marketplace later on, allowing them to make more money up front, raise the funds they need to invest in their own careers, and build even stronger relationships with their fans.Right now, though, there will be a kick-off with a series of unmissable NFT drops led by world-renowned musicians like as Lil Yachty and Kyle.But that's only the beginning. Keep a look out for additional big-name announcements coming soon as more big-names are signed up.Remember, this is Opulous, so they aren't your average NFTs. The drops were created to bring artists and their followers closer together than ever before. In reality, buyers of Binance music NFTs will have the chance to participate in once-in-a-lifetime fan events and artist engagements.
Unlike many future NFTs, these sales will take place on Binance's planned NFT marketplace, rather than on the Opulous platform. It's a once-in-a-lifetime opportunity to get your hands on one of Opulous' first-ever NFTs.
Opulous music NFTs
Opulous music NFTs comprise the sale of embedded, fractionalised right to royalties from music copyright assets, through the associated meta-data of that music copyright.
The following data is unique to each NFT:
- Value of the rights to collect royalties linked to the copyright asset.
- Monetary details of the royalty earnings involved.
- NFT Ownership Party information.
- Other metadata (artwork, audio tags etc)
Opulous will receive and collect royalty revenues and fiscal deposits from DSP providers for each NFT.
For example: Spotify, Apple Music and YouTube pay those with the right to receive the corresponding fractional right to receive royalties instead of the record label or publishing entities.
This automatically facilitates the disbursement of royalties funds proportionally among all NFT-based owners (a form of split payments).
Opulous can not only calculate and evaluate the value of Music Copyrights and the associated royalties involved, but also facilitate the payments of royalty earnings towards the Opulous platform directly without relying on the copyright holders themselves.
Opulous will then redistribute those royalties payments to the NFT owners in $OPU tokens.
Opulous merges with Bluebox to launch the first split music copyright NFTs
Bluebox has partnered with the platform in order to tackle the industry's largest difficulties using blockchain technology, unravel complicated copyrights issues, and use DeFi to provide artists access to all-new funding opportunities and revenue streams.
The Bluebox team has spent the last two years inventing a cutting-edge platform that uses smart contracts to manage, split, and trade music copyrights on the blockchain, precisely and efficiently paying out complex revenue streams to various rights holders.
Bluebox is the first platform that can tokenize music copyrights, collect and pay music industry royalties across hundreds of collection points, and distribute those revenues among all contract parties.
Bluebox will bring its cutting-edge decentralized technology to Opulous, introducing phase one of their platform as part of the Opulous system, now that they are ready to release an MVP.Along with the DeFi loan projects that the Opulous platform is already working on, the Opulous/Bluebox combination offers them the ability to create even more industry-leading solutions.
Introducing Music Copyright NFTs
Opulous and Bluebox collaborated to launch the first ever Split Music Copyright NFT Sale in mid-March 2021.
Two major artists from opposite sides of the Atlantic were involved in the deal: Taylor Bennett, Chance the Rapper's brother and manager, and Big Zuu, a UK rapper and primetime TV personality. Both parties agreed to offer upcoming tunes as NFTs through Bluebox and give each buyer a 1% master copyright share.This music copyright NFT sale was a one-of-a-kind, one-of-a-kind experiment that proved to be a huge success.
In under 24 hours, over 10,000 people registered for the sale, and all 125 NFTs were sold in under 5 minutes.The split music copyright NFT deal between Taylor Bennett and Big Zuu drew a lot of attention.
How do Opulous NFTs work?
Opulous will harness the power of blockchain technology to dramatically improve the existing music industry copyright system by linking lawful music copyright contracts with digital NFTs once fully integrated with Bluebox.
These contracts are tokenized, making it possible for anybody with a digital wallet to buy, license, and receive royalties on intellectual assets.
Artists, writers, and rights holders can produce NFT tokens that are directly tied to their music copyright shares on the Opulous platform.Royalties will be collected and paid out in the native OPU utility token to holders of a specific music copyright NFT asset from all around the world, including Spotify, Apple Music, live performances, media syncs, public venues, and more.
By using smart contract technology to divide ownership of music copyright NFTs, any investor can own a portion of a copyright and get royalties.These digitized music copyrights can be sold (and resold) on secondary marketplaces, making it simple for artists to generate finances based on future earnings. They might also sell or license portions of their existing copyrights to the public, allowing them to raise funds for their next music project or enterprise. Music copyright NFTs will bring together artists and investors in ways that have never been seen before.
Opulous' NFT launchpad is powered by a series of Smart contracts. Opulous is entirely decentralized and autonomous of any particular entity as a result of this. Opulous stays transparent, decentralized, legally compliant in terms of IP and copyright law, and fair to its users and those who purchase copyright-backed assets on the platform thanks to Smart Contracts.
Here's a quick rundown of how Opulous Smart Contracts distribute royalties earnings from a certain copyright after NFTs are sold.
A Copyright Owner agrees to sell a share of rights to royalties:
The copyright owner's details and meta-data are recorded by Opulous, along with the relevant royalties. This information is then fractionalized based on the number of NFTs granted in comparison to the total amount of copyright percentage plus royalties that the artist sells.After the asset's whole sale has been approved, artwork for the Non-Fungible Tokens (NFTs) is provided and prepared.
Each token is coined, with artwork, audio data, and metadata matching to copyright and royalty information divided by the fractional amount it represents as a discrete asset, all of which are added to and embedded on the NFT. The NFT is minted and labeled with a unique identification as well as an embedded URL that directs buyers to the Opulous platform.
Fans and investors entering the Opulous NFT platform:
When a customer visits the NFT platform, they are asked to connect their cryptocurrency wallet. After that, the user links their wallet and goes through KYC. The wallet is whitelisted as approved for acquiring NFTs with copyrights and royalties payments on any NFT purchase if KYC is passed.
The Opulous platform refreshes the whitelist with wallet information after KYC.
Purchasing of music NFTs via Opulous
Payments in fiat are processed through fiat (opulent off-ramped) exchange-based bridge services and API-driven payment button choices (Stripe).The digital wallet address is validated against the whitelist and the TX ID for that NFT purchase when a user signs up or logs into the Opulous platform.User information and NFT information, as well as audio and rights to receive royalty payments approval, are entered into the user's Opulous account.
Opulous gathers ‘plays' data from data points over time and stores it in the user account against each NFT.The incremental revenue per token, which is paid out in $OPU in relation to the monetary value accrued for plays during that period of time, is updated on a regular basis in a smart contract.
This smart contract digitizes collateral assets and keeps track of their real-time value based on Opulous data points for plays ( Spotify, YouTube, Apple Music etc).
The user's Opulous account has updated the associated Smart Contract, allowing it to add $OPU tokens to the customer's account and wallet in the correct quantities for each Non-Fungible Token (NFT) owned by that user account.
OPU will be available on Decentralized Exchanges (DEX) after the OPU Token Generation Event, and the market price will be determined by the price feeds provided on the DEX in question.
When the OPU token is listed on a centralized exchange, the same mechanisms for determining market price at any given time will be used to determine the market rate for the monetary value of the OPU token on that centralized exchange, which will be subject to the token's and its price's normal ebb and flow within the market as a whole.The monetary value of royalties on that specific user-owned NFT will be calculated in terms of monetary value in United States dollar, and the required amount of OPU tokens will be provided to the account of the owners of those specific NFTs when royalties are calculated within the Opulous platform for a given Non-Fungible Token (NFT) over a certain time period.
The amount of OPU to be added at the time of royalties payment is computed and decided directly by the royalty amount (in USD) divided by the market price of OPU at the moment.Technology partners will incorporate pricing oracles to verify that monetary prices are accurate at all times.
If total royalties are $35 and OPU are $5 apiece, then 7 OPU will be added.
So, just as the number of plays for royalties accrual against the NFT fluctuates from day to day, the value of OPU as a token changes in accordance with market pricing at the time, despite the fact that the royalties are still calculated in USD.
Self-Sovereign Identity and Music in Web 3.0
The introduction of Opulous was a first step toward connecting the music industry to the many benefits offered by blockchain technology. Ditto Music has also been working on Bluebox, a blockchain-based music licensing platform that is about to go into beta (sign up and get updates at https://bluebox.info).
While the major aims of financial disintermediation and inclusiveness are being accomplished in present programs, a longer-term goal remains: returning control of data to musicians and artists. For far too long, music publishing houses, record labels, performance rights organizations, and other industry middlemen have wielded far too much power. This unjust balance has always resulted in content creators obtaining less than they deserve, a situation that must change as society advances and more employment become automated, causing people to gravitate toward creative industries.
Empowering Artists to Take Back Their Data
Ditto Music has been collaborating with Elastos on critical research areas such as watermarks, decentralized identification, and blockchain bridges to address the issue of data ownership, in preparation for the fast-approaching future where content creators' data would span various platforms.
Bridges and Elastos (ELA) Staking on Opulous
Opulous will enable the staking of the “ELA on Ethereum token” as one of its first confirmed assets, alongside ETH, as an indication of the confirmed staking plans and ongoing partnership. Elastos has previously proven that they can connect its mainchain protocol to the Ethereum network. Because Opulous is based on Algorand, this technological expertise is essential for connecting the Ethereum (ETH) network to Algorand and providing staking and other integration opportunities.
Elastos’ W3C-compliant DID Platform
Elastos (ELA) is a huge project that aims to create decentralized components for digital assets, storage, identification, and other services. For over a year, Opulous has been studying the benefits of decentralized identification and how it may be used to move music copyrights on-chain alongside Clarence Liu, Elastos' VP of Development. The platform is only now beginning to see the enormous benefits that DID may provide.
There is a need to do more than simply provide a Decentralized Identifier (DID) to every content creator; while this would be a required initial step, it would not deliver any immediate benefits.
The long-term goal is to integrate with Bluebox and provide users with a decentralized system for managing their data, licenses, and copyrights. This information might subsequently be utilized to integrate other systems into the DeFi (Decentralized Finance) ecosystem. Such a strategy capitalizes on the ingenuity of Decentralized application (DApp) developers, who have harnessed the modularity of blockchain technology to create the thriving DeFi ecosystem we see today.
Opulous is ecstatic to be collaborating with Elastos, and we encourage the Elastos community to stay tuned for more information on upcoming projects and their future collaboration.
OPUL token Detailed Token Metrics
The IDO for the OPUL token which will serve as the utility token for the Opulous platform was carried out between the 11th of June, 2021 and the 16th of June, 2021, with 500,000,000 OPUL tokens for Sale.
Below is the detailed metrics of the OPUL token.
|Blockchain Network||Ethereum & Algorand|
|Initial Market Capitalization||$1,248,750|
|Total Raise (All Rounds)||$6,450,000|
Lock-up:10% on month 4, 10% on month 10 and then 10% on a bimonthly basis
Lock-up:10% at the TGE, 3 months cliff, then 10% on a bimonthly basis
Lock-up:10% at the TGE, 3 months cliff, then 10% on a bimonthly basis
Private Sale 2
Lock-up:15% at the TGE. 2 months cliff, 25% on month 3 and 30% on month 6 & 12
SEED SHO (Round 1)
Lock-up:10% at the TGE, 3 months cliff, then 10% on a bimonthly basis
Personal Allocation: $2,000
SEED SHO (Round 2)
Lock-up:50% at the TGE and 50% on month 7
Behind the scenes, the Opulous team has been hard at work creating the Opulous platform. The core team is made up of blockchain and music industry specialists that have spent years working on cutting-edge initiatives in both sectors.
A proper profile view will provide a bit more insight into the histories of the team members and demonstrate why they are all so enthusiastic about the Opulous project.
Lee Parsons -Co-Founder and Chief Executive Officer
Lee is a co-founder of Ditto Music, a music and technology firm that supports over 500,00 independent musicians worldwide. Among the artists Ditto has worked with are Chance the Rapper, Ed Sheeran, Sam Smith, Royal Blood, and Stormzy, to mention a few.
Ditto has developed into one of the world's major music distribution organizations over the last 17 years, with several UK Top 10 and Billboard charting albums as well as forays into management, label services, publishing, and other areas.
Miles CarrollCo-Founder and Chief Operating Officer
Miles is a blockchain enthusiast, investor, and entrepreneur who established a $15 million firm while still in college and sold it shortly after graduation.
Miles recently joined Kosmos Capital as a Manager Director, a global investment firm focusing on helping blockchain companies expand and integrate their technologies into businesses. Miles' extensive understanding of blockchain technology and worldwide financial markets qualifies him to oversee Opulous' day-to-day operations as Chief Operating Officer.
Mike Prince Chief Technology Officer
Mike is a renowned tactical engineer and product management specialist with a passion for blockchain technology, having worked with companies such as Tempo.ai and Presdo, where he investigated blockchain applications in trust protocols, wrote token contracts based on Open Zeppelin, and built apps using web3 and a local geth node.
Mike is also directly responsible for the development of the EdSig library, which enables safe, private, and verifiable communications, and he has a comprehensive and in-depth grasp of the technologies that enable scaled online user experiences.
Mark Fitzgibbon- Chief Strategy Officer
With over 20 years of expertise in technology, Mark Fitzgibbon is a prominent crypto writer, investor, and blockchain researcher. Mark has collaborated with cutting-edge blockchain initiatives like API3 and Minterest Finance, as well as the Ethereum Enterprise Alliance.
Mark's diverse background and in-depth knowledge of blockchain technology are assisting in the advancement of the Opulous platform's crypto-focused solutions for the music industry, including the introduction of innovative plans to incorporate royalty rights into NFTs and deliver DeFi loans backed by real-world assets.
Fernando Cruz-Chief Marketing Officer
Fernando Cruz is a former Ditto Music Business Developer who has worked closely with Opulous and co-founder Lee Parsons on all of their big initiatives.
Fernando's extensive ties to the music and entertainment sectors are critical to our platform's onboarding of new and established producers from across the world. He has worked with major music and marketing organizations for over ten years.
Mark Haldon-Head of Marketing
Mark formerly worked as the Marketing Manager at Ditto Music and has extensive experience working on music projects in a variety of industries. From planning and strategy to implementation and analysis, Mark has led several music-focused digital marketing initiatives in the areas of music distribution, publishing, copyright, IP investment, blockchain technology, and more.
Ivam César Costa -Community Manager
Ivam has been working in the blockchain industry since 2017 and believes that cryptocurrencies will help to make the world a better place for everyone. He joined the Algorand Ambassador program in 2020 to assist promote the company's aim of introducing blockchain to the people.
Ivam is presently continuing his studies in Industrial Design, with an emphasis on user experience, in addition to his job at Opulous as a bridge between our staff and the larger community.
Clara LoBusiness Operations
Clara Lo is a specialist in blockchain business operations and analysis, having worked closely with co-founder Miles Carroll on his technology and financial services firms for many years.
Clara is responsible for the smooth functioning and operations of the Opulous team behind the scenes. She is a big believer in the potential of cryptocurrencies and blockchain technology for the music business and beyond.
Shirlyn Tan (Office Manager)
Shirlyn has a history in startup company development and collaborates closely with Miles Carroll, Opulous' co-founder.Shirlyn is a musician with over 20 years of experience and the band leader of one of Singapore's top live bands, Shirlyn + The UnXpected, when she isn't busy organizing schedules and providing assistance to the Opulous team.
Since its inception, Opulous has been a collective effort. A blockchain project is only as good as the people who work on it, and the platform considers itself lucky to have attracted industry leaders from the bitcoin and music industries.
Here's a look at some of the initial wave of advisers who've joined the Opulous platform to help guide and drive it forward..
Nick Gatfield (Former Sony Music CEO)
Nick Gatfield has worked at the top ranks of the music industry for decades. He has previously held president positions at EMI, Island Records, and Polydor Records, in addition to being named chairman and Chief Executive Officer of Sony Music UK.
Nick was in charge of signing major acts such as Amy Winehouse, Radiohead, Katy Perry, and One Direction, as well as managing a team of over a thousand people and a £3 billion yearly income. He created Twin music, a music-focused angel investment firm, after leaving Sony Music Entertainment.
Nick's vast influence as an Opulous advisor is assisting the community in navigating the music industry and forming key new relationships.
Brad Laurie aka Blockchain Brad (Blockchain Researcher, Investor & Educator)
Brad Laurie, commonly known as Blockchain, is a software developer. With over 60k followers and subscribers across his YouTube and other media channels, Brad has positioned himself as one of the major voices in the field of cryptocurrencies and blockchain technology.
Brad is well-known for being a self-taught blockchain researcher and teacher. He is an important long-term advisor for Opulous because of his extensive knowledge, connections, expertise, and influence in the Cryptocurrency sector.
Taylor Bennett (Manager, Chance The Rapper)
Taylor Bennett is not only a well-known United States rapper with over 50 million Spotify streams, but he is also Chance the Rapper's manager and brother, playing a key role in the global superstar's successful music career. In mid-March 2021, he was also participating in Opulous' first split music copyright NFT transaction.
Taylor is the ideal advisor for the Opulous platform because of his extensive experience of artist development, considerable influence, and strong support in the Opulous goal for a decentralized music industry.
David Garcia (Borderless Capital CEO)
Borderless Capital, a modern financial institution investing in and producing financial services aimed to expedite access, jumpstart adoption, and create value internationally through the Algorand Borderless Economy, is led by David Garcia, Chief Executive Officer and Founding Manager Partner.
David is a great believer in the Algorand blockchain's revolutionary potential to democratize access to the music industry's financing markets, as well as the Opulous platform. He is assisting Opulous in becoming a game-changing blockchain platform as a key advisor.
Sébastien Lintz (Revealed Music Label Director)
Sébastien Lintz is the label director of Revealed Music, a prominent global electronic music company where he has steered the brand's growth to one of the world's leading dance labels alongside platinum-selling DJ Hardwell. Sébastien is known for championing and implementing innovative technologies that push the envelope and motivate musicians to realize their full potential. He is a great believer in the future applications of blockchain in the music industry.
Flash Allocation Competitions
The Opulous platform in procession to the public sale of its utility token has run several competitions, of which a majority have been closed In fact, a total of four competitions were launched to allocate $5,500 worth of $OPUL tokens.The competitions include;
- Most Engaged on Telegram (NOW CLOSED)
- Best Twitter Posts (NOW CLOSED)
- Best AMA Questions
- Flash Allocation Competitions
From time to time the platform will drop a FLASH allocation competition.But these contests will only last for 24 hours at a time, so users are to make sure to keep a close eye on our Twitter!
The rules are simple.
When a post is shared announcing a flash competition, just retweet and tag three friends in the comments. Make sure you’re following Opulous on Twitter and join the Telegram group too.
One Opulous Community member who meets the criteria above will be picked at random and rewarded with the chance to invest $200 in the exclusive private $OPUL sale.
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