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Opulous is a decentralized financing platform designed specifically for the music industry. The cornerstone of the project lies in its innovative approach to music monetization, which involves the conversion of music copyrights into blockchain-based tokens. These tokens represent fractional ownership of royalties, enabling artists to effectively raise funds while ensuring that fans and investors can engage in revenue generation from music assets.
The platform effectively eliminates intermediaries through the use of embedded smart contracts within each MFT. These contracts automate payment distributions from music streaming services to token holders, ensuring transparency and traceability of royalties. Moreover, Opulous employs predictive AI tools that analyze historical streaming data, allowing for accurate assessments of the value of tokenized assets. As a result, artists can secure financing that reflects their true earning potential.
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