Opulous Price (OPUL)

Opulous (OPUL) is a peer-to-peer decentralized finance platform that is backed by real-world assets. It aims to foster direct connections between artists and fans through blockchain technology. Opulous seeks to create a new way for individuals to participate in the music industry, where everyone can be part of the music industry's ecosystem. The platform utilizes Music Fungible Tokens (MFTs), which are blockchain tokens that allow music fans to directly engage with the success of an artist they've supported.

Opulous operates by allowing users to acquire Music Fungible Tokens (MFTs) to support their favorite artists. These MFTs can be traded at the user's discretion. The platform also allows users to stake OPUL tokens to gain early access to MFT sales and other exclusive benefits. MFT holders may receive various types of compensation, some of which are based on the performance of the underlying song or album. These compensations can be tracked and withdrawn directly from the user's Opulous Dashboard by connecting their wallets.

Opulous aims to provide a platform where music fans can directly support their favorite artists and engage with their success. By acquiring MFTs, fans may potentially receive compensation based on the performance of the artist's music. This system strives to incentivize further creation and promote growth in the music industry. Additionally, artists can raise support from the global community of music lovers on the platform, getting even closer to their fans. The platform also allows for the trading of MFTs, enabling users to build a collection that generates music rewards.

Opulous was created by Lee Parsons, who has contributed to the music industry by building one of the global music platforms, Ditto Music. With over fifteen years of experience, Parsons used his understanding of the challenges faced by artists to create Opulous. The Opulous team is composed of experienced professionals from various industries, including music, tech, and marketing, all united by their passion for music and their belief that blockchain technology can bring about positive changes in the music industry.

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The current market cap of Opulous is $29.80M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Opulous is $7.24. This all-time high is highest price paid for Opulous since it was launched.

Over the last 24 hours, the trading volume of Opulous is $518.59K.

Assets that have a similar market cap to Opulous include Rakon, Vectorspace AI, FC Barcelona Fan Token, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Opulous is 370 million.