Place/Date: - January 12th, 2022 at 2:00 am UTC · 3 min read
Contact: AscendEX, Source: AscendEX
Opulous brings NFTs and DeFi to the music industry, changing how musicians access the funding they need and providing a launchpad for the first music copyright-backed NFTs and crypto loans. NFTs provide easy access for people to invest into traditionally illiquid assets, such as music copyrights. Their NFT exchange allows anyone to invest in music, trade copyright shares and earn royalty revenue alongside their favorite artists. Opulous is powering a lucrative new revenue stream for creators in the form of music copyright NFTs. Opulous DeFi Loans are backed by future royalties and will replace the unfair deals traditionally forced on promising artists.
At Opulous, they believe that this new asset class is here to stay and its importance in the digital world is set to sky-rocket further. However, they want to offer NFTs that hold more than mere speculative value.
The Opulous token gives users access to NFT sales, exclusive NFT rewards, reduced fees on the platform and staking support. When users own an Opulous music copyright NFT, they will earn a percentage of the streaming revenues of the song. Every quarter users will receive their share of the earnings in USDC. Opulous will send these to the My Algo Wallet users submitted during the sale. For the first twelve months, four times in total, Opulous will match every royalty statement with the US dollar amount in OPUL tokens.
AscendEX is excited to announce this partnership with Opulous to support the growth of the music industry and its entrance into the NFT ecosystem.
AscendEX is a global cryptocurrency exchange with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.
AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.
Opulous brings NFTs and DeFi to the music industry, changing how musicians access the funding they need and providing a launchpad for the first music copyright-backed NFTs and Crypto Loans. NFTs offer easy access for people to invest into traditionally illiquid assets, such as Music Copyrights. Their NFT Exchange allows anyone to invest in music, trade copyright shares and earn royalty revenue alongside their favourite artists.