The IFPI reports that music streaming now generates 67% of the music industry’s revenue.
This shift alters music consumption and monetization, posing challenges and opportunities for artists. However, this also means that musicians depend on very few sources of income and Opulous aims to solve this.
How Opulous Empowers Music Artists Financially
With music streaming solidifying as the main revenue source, artists are innovating to diversify income and secure their financial future. One pioneering platform at the forefront of this revolution is Opulous, which offers Real World Asset (RWA)-backed products designed to empower music creators and investors.
Many people enjoy music from artists like Drake and Taylor Swift, but only a few benefit financially from their success.
However, music can be a highly profitable investment – @opulousapp allows both artists and investors to thrive by leveraging RWAs.
OVAULT allows anyone to… pic.twitter.com/PAA7ooNN3X
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Opulous introduces a groundbreaking approach to music monetization through its unique offerings, including Music Fungible Tokens (MFTs) and the $OVAULT platform. These products help artists directly benefit from streaming revenue, offering a new way to monetize their work.
More About MFTs and the OVAULT Platform
MFTs are a form of digital asset that represents a stake in the streaming revenues of a specific music track or album. By purchasing MFTs, investors can directly support their favorite artists while also earning a share of the streaming revenue. This not only provides a new revenue stream for artists but also deepens the connection between musicians and their fans.
You will get #MFTs just for holding $OPUL and u can increase your tickets every day using prize draws and tasks on the website.
We have some incredible pieces of tech coming this year including https://t.co/7DYnklvYuL – Pioneering transparency through predictive data.
A tool for… https://t.co/upGIxDbslm— Lee Parsons $OPUL (@ceoleeparsons) February 29, 2024
On the other hand, the $OVAULT platform further expands on this concept by allowing artists to tokenize their future streaming revenue. By doing so, they can unlock immediate financial value from their music, providing them with the capital they need to invest in their careers or fund new projects. This innovative model offers a win-win situation, enabling artists to maintain control over their work while also benefiting from the financial support of their fans and investors.
🤩 INTRODUCING OPULOUS 2.0!
We're thrilled to announce exciting details about Opulous 2.0!
✅ New Opulous Finance platform: Liquid staking for music as #RWA.
✅ A brand NEW product: $OLOAN.
✅ Incoming L2 launch news: Accelerating 2024 growth.
✅ NEW $OPUL utility, $OVAULT… pic.twitter.com/yRcFhNODY5— Opulous (@opulousapp) November 20, 2023
In an era where music streaming dominates the industry, Opulous’s RWA-backed products present a promising solution for artists seeking to diversify their earnings and secure their financial future.
By leveraging the power of blockchain technology and the global reach of music streaming, Opulous is not just transforming how artists monetize their music; it’s also creating a more inclusive and supportive ecosystem for music creators worldwide.
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