AscendEX Lists Opulous
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AscendEX is pleased to announce the listing of the Opulous token under the trading pair OPUL/USDT starting on Jan. 6 at 2 p.m. UTC.
Opulous brings NFTs and DeFi to the music industry, changing how musicians access the funding they need and providing a launchpad for the first music copyright-backed NFTs and crypto loans. NFTs provide easy access for people to invest into traditionally illiquid assets, such as music copyrights. Their NFT exchange allows anyone to invest in music, trade copyright shares and earn royalty revenue alongside their favorite artists. Opulous is powering a lucrative new revenue stream for creators in the form of music copyright NFTs. Opulous DeFi Loans are backed by future royalties and will replace the unfair deals traditionally forced on promising artists.
The platform called "Royal" announced a very similar project to Opulous. The main difference between Opulous and Royal is that Opulous is issuing securitized NFTs through their partnership with Republic Records, following all the US regulations to create a safe environment for everyone. At Opulous, they believe that this new asset class is here to stay and its importance in the digital world is set to sky-rocket further. However, they want to offer NFTs that hold more than mere speculative value.
The Opulous token gives users access to NFT sales, exclusive NFT rewards, reduced fees on the platform and staking support. When users own an Opulous music copyright NFT, they will earn a percentage of the streaming revenues of the song. Every quarter users will receive their share of the earnings in USDC. Opulous will send these to the My Algo Wallet users submitted
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