Opulous | Music Copyright NFTs & DeFi Loans | www.opulous.org | TG contest!

[Opulous-bct]

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[Opulous-bct]

Built for Investors & Creators
Opulous brings Decentralized Finance to the music industry, changing how musicians access the funding they need and providing a launchpad for the first music copyright-backed NFTs.

NFT Launchpad
We’re powering a lucrative new revenue stream for creators in the form of music copyright NFTs.

NFT Exchange
Our NFT Exchange allows anyone to invest in music, trade copyright shares and earn royalty revenue alongside their favourite artists.

DeFi Loans
Opulous DeFi Loans are backed by future royalties and will replace the unfair deals traditionally forced on promising artists.

More information will be forthcoming -- stay tuned!

https://www.opulous.org/

[necromastery]

"connect artists and investors" I quite wondering how you will apply it, it will not be easy to bring artists to change their lives to become busier, more busy than their work. This is not the first time a project like this has appeared, many have failed on promises this thing to investors.

[Opulous-bct]

"connect artists and investors" I quite wondering how you will apply it, it will not be easy to bring artists to change their lives to become busier, more busy than their work. This is not the first time a project like this has appeared, many have failed on promises this thing to investors.

It won't be easy, but artists are already very busy trying to look for investors. If you solved that problem for them, they'd actually be more free to focus on their work.

You're right this isn't the first time as well, but we're focusing very much on the very real problems of digital copyrights, intellectual property, and less on the gamified versions other projects tried.

[Opulous-bct]

Is it legal for a US citizen to buy an NFT?

It absolutely can be, as long as they use a legitimate source and means as per the US state jurisdiction they are in. Just remember to look at what your tax obligations are for purchasing an NFT, also because it possibly involves purchasing the original rights of the digital property.

[Twinkledoe]

"connect artists and investors" I quite wondering how you will apply it, it will not be easy to bring artists to change their lives to become busier, more busy than their work. This is not the first time a project like this has appeared, many have failed on promises this thing to investors.

It won't be easy, but artists are already very busy trying to look for investors. If you solved that problem for them, they'd actually be more free to focus on their work.

You're right this isn't the first time as well, but we're focusing very much on the very real problems of digital copyrights, intellectual property, and less on the gamified versions other projects tried.

Do you have private investors that are also backing this project in terms of financial aspect? Or individuals that are already from the music industry? Because it is hard to get in touch with artists if you don't know anyone from their industry. How can they trust the platform that you will treat them fairly?

[necromastery]

"connect artists and investors" I quite wondering how you will apply it, it will not be easy to bring artists to change their lives to become busier, more busy than their work. This is not the first time a project like this has appeared, many have failed on promises this thing to investors.

It won't be easy, but artists are already very busy trying to look for investors. If you solved that problem for them, they'd actually be more free to focus on their work.

Okay, looks like you have your own views about it, like you can resolve that problem. I hope you can.
Then I see something interesting, you guys really made it with Trustverse, https://twitter.com/TrustVerse/status/1390371223859695619
You get a very good partner, it should make a lot of advice from them, at least.

[Opulous-bct]

Do you have private investors that are also backing this project in terms of financial aspect? Or individuals that are already from the music industry? Because it is hard to get in touch with artists if you don't know anyone from their industry. How can they trust the platform that you will treat them fairly?

We do, otherwise we wouldn't be able to develop at this initial stages and yes, we have team members of course with experience and knowledge in the industry. But we have to focus on building a good product that meets the needs of artists... and prove the value. We want people to trust the solution and the tech, which is more important than trusting the company:)

[Opulous-bct]

Okay, looks like you have your own views about it, like you can resolve that problem. I hope you can.
Then I see something interesting, you guys really made it with Trustverse, https://twitter.com/TrustVerse/status/1390371223859695619
You get a very good partner, it should make a lot of advice from them, at least.

Thank you very much for your response and feedback. Certainly, in this industry, it's really important to partner up with the right people. We all have limited resources and it's only logical to leverage off each other's resources, experience and network. When the time comes, we'll certainly be firming up professional relationships that make sense to both parties!

[Opulous-bct]

Remember this meme video? Or are you too young to have lived in that era of the internet?

Who'd have thought Charlie Bit My Finger would sell for 760k, eh? Still curious about NFTs? Come over to our website and read more:)

https://www.nbcnews.com/pop-culture/viral/charlie-bit-my-finger-youtube-video-sells-nft-760-999-n1268322

[Opulous-bct]

So the guys who made history in Ukraine by making the first ever blockchain-based real estate sale are now going to do something similar with NFTs.

This time, and it'll all be legal, they'll be auctioning a real apartment as an NFT. Pretty nifty stuff, eh?

[holydarkness]

How does a music be copyright-backed with NFT? Like, how does it even worked? NFT roughly means we can only have if a kind of something, and it's indivisible, right? And a copyright forbid you to display something without the copyright-owner's consent. A copyrigh-backed NFT acts like... what? Someone buy a copyright to a music and no one are allowed to play or listen to it because it'll then lose its uniqueness?

[Opulous-bct]

How does a music be copyright-backed with NFT? Like, how does it even worked? NFT roughly means we can only have if a kind of something, and it's indivisible, right? And a copyright forbid you to display something without the copyright-owner's consent. A copyrigh-backed NFT acts like... what? Someone buy a copyright to a music and no one are allowed to play or listen to it because it'll then lose its uniqueness?

It depends a lot on how you want to look at it.

Admittedly, right now, most NFTs actually do nothing in this regard. All the NFTs you see in the news do now is give the owner ownership rights to a digital imprint.

The NFT to Elon's Tweet, for example, merely points to the Tweet and proves that it was there. But if the Tweet is deleted or moved elsewhere by Twitter, then the NFT doesn't point to the new location.

But if done right, NFT ownership can simple have finality on proof of ownership. You know how people dispute who owns creative rights to copies, etc? If you created a song, for example, you could timestamp it on the blockchain, and own that NFT registering that date of creation. Chronologically, no one can claim rights to it after you have. The only way to transfer those rights would be to transfer the NFT.

[Opulous-bct]

Remember GameStop guys? Well, they're back in the news and this time, they're launching a new platform for NFTs based on the Ethereum blockchain so yeah, now you can use Gamestop for all them Cryptokitties and Crypto Punks. Well, not now, but soon anyway.

Who says Ethereum is dead right?

Source: https://www.fnlondon.com/articles/gamestop-set-to-launch-ethereum-powered-platform-for-nfts-20210526

[holydarkness]

How does a music be copyright-backed with NFT? Like, how does it even worked? NFT roughly means we can only have if a kind of something, and it's indivisible, right? And a copyright forbid you to display something without the copyright-owner's consent. A copyrigh-backed NFT acts like... what? Someone buy a copyright to a music and no one are allowed to play or listen to it because it'll then lose its uniqueness?

It depends a lot on how you want to look at it.

Admittedly, right now, most NFTs actually do nothing in this regard. All the NFTs you see in the news do now is give the owner ownership rights to a digital imprint.

The NFT to Elon's Tweet, for example, merely points to the Tweet and proves that it was there. But if the Tweet is deleted or moved elsewhere by Twitter, then the NFT doesn't point to the new location.

But if done right, NFT ownership can simple have finality on proof of ownership. You know how people dispute who owns creative rights to copies, etc? If you created a song, for example, you could timestamp it on the blockchain, and own that NFT registering that date of creation. Chronologically, no one can claim rights to it after you have. The only way to transfer those rights would be to transfer the NFT.

So theoriticaly, the idea you propose here, is that by claiming the NFT of a song, songwriters wouldn't have to be concerned about possible future dispute regarding their music because it is proven to be theirs, via blockchain, and they can still allow their songs and musics to be played elsewhere and gain the royalty?

[Opulous-bct]

We're sharing one of our answers on Quora on a requested question: What's the best NFT marketplace for selling crypto art?

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It really depends on your art, I would say. Beeple is in the news as it’s made some high-profile sales recently, running into the millions of dollars, but it’s probably only good for you if you’re also a high-profile artist.

OpenSea is what I’d call your best bet now for exposure and visibility for the average artist, it’s one of the largest ones out there and backed by Winklevoss (who did Facebook, so you can be sure they understand social networking).

If you’ve got a really rare collectible, then SuperRare is where you want to put it up for auction, though — high-value pieces get good eyeballs there.

You should definitely look at upcoming marketplaces too specific to the blockchain network of your NFT. AirNFTs for Binance Smart Chain, for example. MegaCryptoPolis is coming up for TRON too.

[Opulous-bct]

So theoriticaly, the idea you propose here, is that by claiming the NFT of a song, songwriters wouldn't have to be concerned about possible future dispute regarding their music because it is proven to be theirs, via blockchain, and they can still allow their songs and musics to be played elsewhere and gain the royalty?

Only if that NFT is used to contain the digital rights of that song, and it's a lot more complicated than that, but in theory yes, this is possible. Note, NFTs can also be giving you only the rights to play that song for restricted conditions.

It may not completely solve legal disputes, but it's certainly one strong way to prove ownership and a programmable way to track royalty, if used as such.

We may see more use cases in future, but that's precisely what we're trying to help build, but as with all tech, adoption must first happen;)

[Opulous-bct]

Why NFTs?

As a currency, tokens need to be fungible, that is, 1 token should always be exchangeable for 1 token, which makes fiat money and Bitcoin so successful.

But there is a reason to make non-fungible tokens, that are unique in properties and are not of equal value to each other.

**One major use is in the creative industry where NFTs **contain extra information stored in them, taking different formats. JPG or GIF, for example, to represent digital graphics or photos. MP3s to represemt songs, MPGs to represent video.

It proves the property detailed inside to be unique, and if stored in a wallet you own, also proves that you are the owner of that digital property.
This immediately solves two things: prevents forgery, and proves ownership indisputably.

Because they’re digital, they’re also easy to transfer without compromising security or safety.

[CaVO32]

Why NFTs?

As a currency, tokens need to be fungible, that is, 1 token should always be exchangeable for 1 token, which makes fiat money and Bitcoin so successful.

But there is a reason to make non-fungible tokens, that are unique in properties and are not of equal value to each other.

**One major use is in the creative industry where NFTs **contain extra information stored in them, taking different formats. JPG or GIF, for example, to represent digital graphics or photos. MP3s to represemt songs, MPGs to represent video.

It proves the property detailed inside to be unique, and if stored in a wallet you own, also proves that you are the owner of that digital property.
This immediately solves two things: prevents forgery, and proves ownership indisputably.

Because they’re digital, they’re also easy to transfer without compromising security or safety.

It is nice that you are active in this thread and ready to answer any issues or query posted by the users here. With your different partnerships on board, I assume that reaching out those artists/singers and forging relationships would not be a problem. This will be a good way for them to earn income as well as reaching out their fans. Usually, the objectives are great but when it comes to implementation, that's where most projects fail. So hopefully, you can really materialize this platform and sustain its presence in the market.

[Opulous-bct]

It is nice that you are active in this thread and ready to answer any issues or query posted by the users here. With your different partnerships on board, I assume that reaching out those artists/singers and forging relationships would not be a problem. This will be a good way for them to earn income as well as reaching out their fans. Usually, the objectives are great but when it comes to implementation, that's where most projects fail. So hopefully, you can really materialize this platform and sustain its presence in the market.

Thank you! Of course, a lot of our focus right now is on developing our own product at Opulous, and business development. But we'll try our best to respond to community queries here and on other places. Have a look at our Quora, where we answer questions directed at us also on NFTs.