The first DeFi platform backed by real assets.
Opulous is a peer-to-peer decentralised finance platform that will provide loans to artists in the music industry without the need for traditional banking. Opulous will use blockchain technology to connect investors with artists needing a loan, driving fresh investment into an industry that is set to double revenues over the next decade.
Opulous raised $1.5 million in its seed round of funding. The platform will be developed on the Algorand blockchain; the Boston-based open-source software firm is also the lead investor. Associate investors are TrustVerse, Somesing, BASIC, Kosmos Capital and Opulous mother-company is Ditto Music.
Ditto Music is an award-winning global music distribution and record label services company, with experience processing more than $1 billion in royalties. It has supported more than 250,000 artists and labels worldwide, including Chance the Rapper, Ed Sheeran and Stormzy.
Join and help us revolutionise the cryptocurrency space and the music business industry!