SIAE, one of the largest rights management companies founded in 1882, launches 4 Million NFTs on Algorand representing rights of nearly 100,000 creators.

Opulous: A Decentralized Finance Solution for Artists

Defi, Digital Assets

About Opulous

Ditto, the award-winning global music distribution and record label services company, which has processed more than $1 billion in royalties to date, is in the process of developing Opulous: a pioneering peer-to-peer platform to help increase artists' access to capital without the need for traditional institutions such as banks.  Ditto's business has expanded from distribution to providing record label, publishing and management services. Every move they have made has been based on their mission to help artists take control of their own music careers.

How Opulous is using Algorand

Ditto selected Algorand for its Opulous initiative for some core attributes that will enable its effectiveness at transforming opportunities for musicians. Algorand is a leader in efficiency with all transactions in under 4.5 seconds - completely instant from sender to receiver. Algorand's scalability will allow Opulous to grow aggressively as lenders and borrowers realise it’s game-changing potential. Algorand additionally has the security and credibility as a serious, long-term player in blockchain - something that was important to the Opulous team as part of their own long term vision.  

Ditto Announces Opulous: A Decentralised Finance Solution For Artists on Algorand

Opulous in the News

Feb 1, 2021
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Music Business Worldwide

DITTO LAUNCHES OPULOUS PLATFORM TO HELP ARTISTS ACCESS FUNDING WITHOUT THE NEED FOR TRADITIONAL BANKS

Feb 1, 2021
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Music Week

Ditto rolls out blockchain-powered finance solution for streaming artists

Feb 2, 2021
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Crypto Slate

Algorand (ALGO) is now bringing music to the booming DeFi industry

Feb 4, 2021
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Invezz

A new platform will bring music to DeFi via Algorand (ALGO)

Feb 12, 2021
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Cointelegraph

Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher

Feb 21, 2021
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Algorand Community blog

OPULOUS BUILT ON ALGORAND: BRINGING DEFI TO THE MUSIC INDUSTRY