Opulous #ProgressWeek Recap
Catch up on all the action from our historic #progressweek, in case you missed some of the most critical developments from Opulous.
Last week, we rolled out one major development after the other in a truly energetic week that still has the Opulous team beaming with pride and joy. With a vision that is very close to our hearts, we are preparing to roll out music copyright-backed S-NFTs (security NFTs) to investors and music fans everywhere.
Here are the key highlights from last week’s #progressweek to help identify exactly how we plan to hit the ground running in 2022.
The Opulous Dashboard
We’ve been very strategic in the upcoming release of our user-friendly, vibrant dashboard, which is where you will keep track of your Opulous NFTs while observing music royalty payments.
You’ll just need to connect your MyAlgoWallet to claim both your S-NFTs and album artwork NFTs simultaneously. These will also be visible in your wallet, of course!
The dashboard also features Artist Pages, where you’ll see all copyright details and payment information.
In the Royalties section of our dashboard, you will be able to view a comprehensive release overview for every artist, song, or album you’ve invested in. Plus, you can watch your gains and view artist stats across the major streaming platforms.
More importantly, from here, you can initiate payout claims!
Opulous Generative NFTs
Together with our good friend at DropGen, the creators of GenZee, we are excited to begin the first stages of creating inspiring NFT artwork for our community. Each of our generative NFTs will be ONE OF ONE NFTs, sold ONLY on our platform.
These NFTs will be released with our S-NFT sales in exclusive tiered packages that come with VIP experiences and unlockables, cool merch, guaranteed access to S-NFT presales, and more.
You’ll be able to use OPUL to buy them, and we’re even incorporating credit card payments across our platform to make it a breeze to buy OPUL, eliminating the need for an external exchange!
Opulous DeFi Pools
One of our best developments of the week? Staking is coming!! WHEN? Q2 2022!
We’re as pumped as you are.
The 3 CORNERSTONES OF DEFI at OPULOUS are as follows:
The Opulous Pool (Q2 2022)
- Deposit OPUL into our pool
- Receive a generous APY
- Earn exciting rewards and special access to our S-NFT sales
The Opulous Music Fund (Q2 2022)
- Deposit OPUL & USDC into the fund
- Opulous acquires music copyright assets
- Opulous distributes music royalties to pool members
Opulous Music Loans (Q3 2022)
- Deposit OPUL & USDC
- Musicians use their potential copyright income as collateral to take out loans
- Investors get paid back through musicians’ music royalties
- Learn more
We’ve got a pretty major announcement this week as Lil Pump drops our S-NFT single, “Mona Lisa” ft Soulja Boy, on streaming platforms WORLDWIDE THIS FRIDAY!!
You might remember we sold out this specific sale in less than two hours, raising $500K on a truly monumental occasion.
CLICK HERE to stream the track now!
Look out for our blog this upcoming Friday with more details on token distribution and minting.
We also just announced our partnership with XP network, which is an epic moment for both our communities! The partnership will allow our community to transfer digital assets between any blockchain easily.
As you can see, at Opulous, we never stop working for you; this is our definition of perseverance. But, the best is yet to come.