How to Buy the Lil Pump Music NFT on Republic
Ready to start investing in music and earning royalties alongside some of the world’s biggest artists? Our first Music NFT drop is just around the corner.
Our upcoming NFT sale is for the exclusive new track Mona Lisa from streaming giants Lil Pump & Soulja Boy and is set to launch on November 4th.
We’ve teamed up with renowned investment platform Republic for this one, which means we’re the ONLY company out there to offer SEC-compliant music copyrights.
Read on to learn how YOU can get your hands on an Opulous Music NFT through Republic. And if you’re an $OPUL holder, you can get early access to the sale and a chance to win a trip to Miami to go clubbing with Lil Pump!
Music NFT Sale Breakdown
- Music NFT: Lil Pump - Mona Lisa ft. Soulja Boy
- Bonus perks: NFT artworks from Opulous
- $OPUL staking benefits: Early access, trips to Paris and Miami
- Sale starts: November 4th, 2PM UTC
Exclusive benefits for staking $OPUL
We are prioritizing the Opulous community (of course!). Join us for #MonaLisaWeek to win incredible prizes.
You can stake $OPUL tokens on NFTrade as well, where you’ll get:
The VIP trip is especially one you don’t want to miss out on. It’s an all-expenses-paid trip for two, including:
- Flights from your area to Miami
- 3-night hotel stay
- A night out with Lil Pump
To participate in the VIP Trip draw, you must claim one of 500 Golden Tickets that gives you early access to the music NFT sale.
There are 500 early access vouchers available, so we recommend getting in early.
One hour before the sale starts you must check our pool page again on NFTrade and will see the pre-sale link there.
It’s easy to participate. Read our blog on Staking on NFTrade to get started.
If you are already acquainted with NFTrade, just go ahead and stake your tokens:
Buying Opulous Music NFTs on Republic:
1. Guarantee your early access
Quick heads up — in order to save you from high transaction fees, our pool on NFTrade only accepts BSC type $OPUL tokens. So people currently holding the ASA or ERC20 version will need to swap them to BSC first.
You can buy BSC type $OPUL on PancakeSwap with BUSD here. Or you can swap the ERC20 type of $OPUL with Chainport. For a detailed guide on how to swap, check out this blog.
Staking on NFTrade.com is easy. On the pool page, you connect with your MetaMask wallet — which is set on the BSC chain. You deposit the amount of $OPUL you want and click on Stake. Once committed, you start earning a synthetic token called xOPUL.
You’ll receive an xOPUL every day for each $OPUL token you stake. When you collect 2000 xOPUL on the NFTrade platform, you can claim the voucher (called “Golden Ticket”) for early access to the sale.
For example, you could stake 500 OPUL tokens for 4 days to claim your voucher or claim it on the first day by staking 2000 OPUL tokens.
Now that you’ve set up your staking, it’s time to set up your Republic account where the Music NFT sale will take place.
1. Create an account & verify your identity
Head to republic.co/music and create an account.
Once you’re signed up, head to Profile -> Settings and click Identity. Here you’ll need to verify your identity by providing your legal name, address, and phone number — as well as your social security number or passport number depending on where you’re based.
We get it, KYC verification can be annoying. But when it comes to Opulous Music NFTs, the investment you’re making is a real, legally enforced contract that protects your financial interests, so it’s essential to verify who you are first.
Republic is one of the most reputable companies in the investment space, and they guarantee to keep all personal data safe and secure.
3. Set up a payment method
Once you’ve verified your identity, you’ll need to add a payment method to your account. Republic offers several options; through a bank account from the U.S. or via credit card.
Payments are made in US dollars. We are currently working with Republic to add a crypto payment method for our next Music NFT sales.
We recommend setting up your payment method as soon as possible to minimize any last-minute stress on the day of the sale.
4. Get your My Algo Wallet ready
You’ll also need to provide your My Algo Wallet address. This is where we’ll send your S-NFT after you’ve made the purchase.
The My Algo Wallet is the only wallet we support. This is where we will send you send you the quarterly streaming revenues from the NFT you’ve invested in.
5. Buy the NFT
Now you’re ready to buy! Our Lil Pump & Soulja Boy NFT sale starts on November 4th. And remember, you can stake $OPUL tokens to get access to the sales page one hour before the general public.
The sales page will be available on November 4th and contains all the details you need to get started, as well as a snippet of the song and info about exclusive investor perks.
To buy the NFT, click the Invest button and complete the checkout process. This is where you will have to submit your Algo Wallet as well. If you haven’t verified your identity yet, you’ll be prompted to do so.
When you finish the process, your investment will be committed, and Republic will finalize the investment in the weeks following the offerings close. You can always check the status of your investment in your portfolio at republic.co/portfolio.
It’s important to note that as these Music S-NFTS are securities, you won’t be able to trade these tokens for the first 12 months. After this lockup period, we will introduce an exchange on the Opulous platform where anyone can buy and sell S-NFTs.
6. Don’t miss out on the Perks
On the Sales page, you will also see Bonus Perks that come with this offer. These are NFT art pieces created by us to celebrate the release of Mona Lisa.
The number of these NFTs is limited and are given on a first-come, first-serve basis. You can get one by investing a certain amount of money in the Music NFT.
There are four categories:
- 1000 x $100 — White Jacket
- 100 x $1,000 — Pink Jacket
- 50 x $5,000 — Lion Jacket
- 10 x $10,000 — Opulous Jacket
The art NFTs are of the ASA type, and you will receive them with the Music NFT in your Algorand wallet.
You’ve bought an Opulous Music NFT! Now what?
As the track racks up streams on services like Spotify and Apple Music, royalty shares will flow to Opulous and then back to the rights holders (that’s you!).
The second revenue stream this track will generate comes from publishing. The Music NFT offer of Mona Lisa includes full publishing rights. This means that when the song gets played on the radio, a TV show, a movie, or used in a video game, the money will go to the publisher. In our case, the NFT holders.
The collected payouts will be made automatically to your My Algo Wallet every quarter. This is the only wallet we support. Make sure it can receive USDC, as that’s the stabelcoin we use to pay you in.
In Q1 of 2022, users will be able to connect their My Algo Wallet to the Opulous website and view their full royalty reports.
At Opulous, we want to reshape the music industry to serve the best interests of artists and investors. We’re always working on new solutions to reach this goal — and teaming up with companies like Republic helps speed things up.
We’re a young company with huge ambitions, developing custom tools to offer Music NFT sales through our own platform. We’re also developing a game-changing DeFi system that’s set to launch next year.
This is just the beginning. We can’t wait to share more updates with you soon.
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If you have any questions about buying Opulous Music NFTs on Republic, please join our Telegram Group. Our support agents and community members are happy to help out.