Opulous is thrilled to announce the launch of real-world asset products on Arbitrum!
Music is one of the fastest-growing real-world assets, and Opulous is set to make history as the first project to offer participation in these products on the Arbitrum platform through the launch of Opulous 2.0.
Major financial institutions such as Morgan Stanley, JPMorgan, Chase Bank, and Wells Fargo are increasingly investing in music copyrights, recognizing their potential for stable returns in a rapidly expanding industry.
This trend is underlined by a Goldman Sachs report, which forecasts the global music market to grow from $92 billion in 2023 to $151.4 billion by 2030.
Opulous is leading the charge through pioneering innovative DeFi products, allowing our community to engage in music assets.
Behind the scenes, our thorough audits with Certik are nearly complete, and we are delighted to announce that Opulous Finance V1 is set to launch on Arbitrum in January 2024.
In this blog, we will explore our reasons for choosing Arbitrum to launch our new products, introduce Opulous to the Arbitrum community, and delve further into Opulous 2.0, showcasing our plans for 2024 and beyond!
Why did we choose Arbitrum?
The decision to launch our new products on Arbitrum was straightforward for us!
- Team: From the outset, the Arbitrum team has been exceptional. They have extended a warm welcome and have assisted us in forging new partnerships, enabling us to thrive in the ecosystem.
- Community: Arbitrum boasts a vibrant community of DeFi enthusiasts, and we are impressed by the rapid pace of innovation in DeFi projects on this platform. Opulous joining this ecosystem presents a fantastic opportunity for Arbinauts to engage with our products.
- Liquidity: Arbitrum leads in aggregator volumes among layer two solutions, surpassed only by the Ethereum mainnet. High aggregator volumes translate to enhanced opportunities for our community.
- Development: Developing on Solidity has accelerated our development process compared to our previous blockchain. The quicker we build, the more we can improve our existing and bring new products to market for our community.
- Scalability and Growth: Utilizing Solidity allows us to seamlessly interact with other Ethereum layer two chains, improving our interoperability. As we scale, we aim to make Opulous increasingly accessible to all crypto users, enabling widespread participation in music through Opulous.
- User Requests: Arbitrum has been the most requested chain by our community.
Let’s delve deeper into Opulous and share our journey so far!
What is Opulous?
Founded in 2021, Opulous has been at the forefront of developing innovative blockchain-based solutions, revolutionizing how everyone participates in the music industry.
Our core product, Music Fungible Tokens (MFTs), allows holders to participate in song earnings. Opulous has a roster of global artists, including Lil Pump, Tyga, Kyle, Prince, and more exciting names to be announced in the coming weeks.
Over the past few years, Opulous has achieved remarkable success, raising close to $1m from our MFT sales. A notable highlight is our recent 10 MFT sales, which all sold out in just minutes during early access, underscoring the strong demand for our products.
With the integration of Arbitrum, we’re excited to introduce Opulous 2.0, elevating our offerings to a whole new level!
Introducing Opulous 2.0
The debut products under the Opulous Finance V1 platform are two innovative liquid DeFi solutions: OLOAN and OVAULT. These products enable users to participate in the fastest-growing real-world asset: music.
Here is how they work:
OLOAN is a brand-new Opulous product that provides musicians with loans based on their historical streaming earnings, backed by music copyrights.
This system has already gained popularity among many large off-chain financial institutions. It’s an exciting time for real-world assets. For example, banks like Victory Park Capital have already committed $250m into similar stable assets. We are thrilled to open this asset class to the public for the first time.
Through our partnership with Ditto Music, a leading music distribution service with over 1m artists, OLOAN provides artists with and exciting new access to capital.
OVAULT is designed for users to gain access to an exclusive and carefully selected music library. Our music experts at Opulous curate a collection of popular and high-performing songs for this library.
Shortly after the initial launch, we’ll introduce Opulous Finance V2, including new opportunities for the Opulous community to receive priority access to our DeFi solutions.
To learn more about our upcoming DeFi solutions, launching on Arbitrum, check out our Opulous 2.0 blog for more information about these products.
We eagerly anticipate their release in early January 2024 and are excited to introduce them to the world!
In the upcoming weeks, we’ll release more announcements and continue integrating with the outstanding team at Arbitrum to introduce Opulous to the Arbinauts.
But that’s not all! We will also announce our 2024 roadmap, delving into what you can expect from us each quarter for the following year. The future looks incredibly bright, and we’re excited to join this remarkable blockchain, bringing music as a real-world asset to Arbitrum!
Arbinauts, if you’re excited about Opulous 2.0 or have any questions, we invite you to join our community and join OPULFAM!
Stay tuned for more updates, and join us on this amazing journey! 🚀