Opulous Development Update: March 2023

Opulous
7 min readMar 16, 2023

We are excited to share our development progress as we gear up for Phase 3 of our full platform launch!

Our team has been working tirelessly to develop new features and enhance existing ones to ensure the best possible experience for our community using our platform. Last month was full of key developments, such as a series of artist announcements, OPUL Staking Pool v3, and the introduction of brand-new raffles for our community.

In this month’s development update, we’ll be taking a deep dive into the latest exciting features in our ecosystem, including Early Access Passes and Raffles, MFT Launchpad v1, MFT Exchange v1, Website Update, $OPUL Staking Pool v3, Support Widget v1, MFT Distributions, NFT Issuances, Music Rewards, and Security Update.

But that’s not all — we have even more exciting updates in our Phase 3 Launch Campaign, so stay tuned!

So, sit back, grab your favorite beverage, and get ready to explore the latest developments from our talented development team.

Early Access Passes and Raffles

We’re excited to announce that we have added new Raffles to our platform, including our MFT Early Access Passes and swag packs from Opulous and our partners.

We want to ensure our users have every opportunity to win big, so we draw Raffles each week on Thursday at 5:30 PM UTC. And to ensure everyone has a fair chance to participate, each raffle is restarted after each drawing. It doesn’t stop there, we’re also introducing even more raffles in March as part of our Phase 3 Launch Campaign!

Ready to join in on the fun and join our Raffles? Here’s what you need to do:

First, you must join the OPUL Staking Pool and stake your OPUL tokens to accumulate rewards and raffle tickets. Once you’ve accumulated your tickets, you can apply for the Raffles.

It’s that simple — by staking your OPUL tokens and participating in our OPUL Staking Pool, you’ll unlock the opportunities to get rewards. So what are you waiting for? Join the OPUL Staking Pool today and get started!

MFT Launchpad v1

We have some exciting news about the MFT Launchpad v1 — our team is making great progress! We are currently polishing the sales page designs and conducting rigorous tests on the checkout flow to ensure that we provide our users with an unparalleled user experience.

And that’s not all — we’re also integrating OPUL payments to provide seamless transactions. That means you can purchase MFTs using OPUL for the first time easily and confidently. We can’t wait to share more updates with you as we progress on the MFT Launchpad v1!

MFT Exchange v1

Our MFT Exchange v1 is also making significant progress. We’re partnering with a third party Algorand Dex to help us implement the exchange and have already integrated it into our app. We’re doing final tests and working on customizations to ensure it looks great. We can’t wait to share more updates with you!

Website Update

As part of our Phase 3 launch campaign, we’re giving our website a fresh new look with a sleek and modern user interface. We’re updating our color palette and putting the finishing touches on most of our pages, so get ready for an amazing user experience!

Our team has already completed the infrastructure and project boilerplate, and everything looks fantastic. We can’t wait to unveil our updated website and show you everything we’ve been working on.

We’re committed to providing our users with the best possible experience, including our website. Stay tuned for more updates on our website update and Phase 3 launch campaign — the excitement is just beginning!

$OPUL Staking Pool

Our team has been hard at work and is making significant progress. We’re thrilled to announce that nearly all $OPUL tokens have been moved from V1 and V2 into our V3 pool. As a reminder, V1 and V2 no longer issue rewards or raffle tickets, so moving your $OPUL tokens into the V3 pool to continue earning rewards is crucial. You can learn how to move your tokens here.

Don’t miss out on this opportunity to earn rewards and participate in exciting raffles — get started now by using our app here.

Support Widget

We have some great news to share! We’re building a support widget for our website and platform, which will be a game-changer for our users. The support widget will empower our users to solve issues independently and get the help they need quickly and easily.

Our goal is to ensure that our users receive top-notch support whenever they need it, whether they’re working on the website or platform. And if they need further assistance, our support team will be just a click away!

Our help center has already opened, check here to get started.

MFT and Artwork NFT Issuances

The MFT distributions are happening with our partners at Securitize and Applied Blockchain. To claim your MFTs, please refer to the advice given in our Music Rewards blog.

All recent issuances for MFT holders have been completed for Lil Pump, Kyle, and Ard Adz. This was the final Artwork NFT issuance. If you were unable to claim, please get in touch with our support team via support@opulous.org.

Music Rewards

We’re thrilled to announce that we’re prepping the next batch of Music Rewards, scheduled for release in April 2023. This includes Mona Lisa MFT, KYLE MFT, and Ard Adz MFT.

We are also implementing a trends tool with Ditto Music and LabelCamp integrations so that you can dig even deeper into your analytics!

Safety Security Update

At Opulous, your safety and security are our top priorities, and we’re happy to reassure you that despite recent global events, everything here is business as usual. We’re aware of the challenges around us, but we’re optimistic about the future and committed to bringing you our game-changing platform very soon!

Algorand Hack

Firstly, we can confirm that we remain unaffected by the hack on the Algorand ecosystem. All of our assets are stored on multisig cold wallets, considered one of the safest storage methods available. However, we advise everyone to re-key their wallets from My Algo to Pera Wallet as soon as possible. Please use our guide here for more information to get started.

For those affected by the hack, we want to offer our support. We are collecting all of the hack victims’ data to raise this information with the authorities who will be investigating this matter. If you have been affected, please fill in the form here with your information.

To further safeguard your assets, we recommend contacting your CEXs, such as KuCoin, Gate, and Huobi, to inform them of your current situation and request they freeze your assets if transferred. Additionally, we advise contacting your local law enforcement to seek further assistance.

Bank Crisis

Secondly, we can confirm that Opulous has not been affected by the recent bank crises involving Silvergate, Silicon Valley Bank, and Signature. Before the crisis, we had already mitigated any exposure to USDC, and our finances were safe and secure. Circle has announced and confirmed 1:1 redemptions on USDC to USD. You can find out more about Circle’s commitment here. To reiterate, we do not bank with the affected institutions and do not affect our launch plans.

Platform Launch is closer than ever!

We cannot wait to unveil the next phase of the Opulous platform using Algorand! Our team has worked tirelessly to ensure all risks are mitigated and the situation is fully stabilized before we launch. As always, the safety and security of our platform and community remain our top priority, and we are fully committed to delivering an exciting and seamless experience for our users.

Rest assured that we take every measure possible to ensure a smooth and successful launch. Get ready to experience the future of the music industry with Opulous Phase 3 on Algorand!

Don’t miss out on even more exciting updates in our Phase 3 Launch Campaign!

We’re excited that our Phase 3 Launch Campaign has started, and it will be a big month of huge surprises. If you want to learn more about what’s coming this month, click here!

We encourage you to get in touch, share this blog post, and leave a comment about why you’re excited about Opulous! We’ll retweet our favorite comments, so don’t hesitate to share your thoughts!

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Opulous

Opulous is building game-changing music products transforming how artists gain funding and connect with fans!