Music Ally is in the process of compiling a list of current blockchain-music startups, and at the time of writing we’re up to 31.
One of them is Opus, which has been developing an “open-source decentralised music-sharing platform” with a demo based on the Ethereum blockchain and peer-to-peer technology IPFS.
The company is one of the startups focusing on music distribution: artists upload their music, and get 90% of the revenues generated from people streaming it. This comes with its own Opus tokens (OPTs) that reward artists, curators and fans alike for their activity on the platform.
Now the company says that its player app will make its debut in May.
“We are now in the final stretch of the development. Most of the player is finished already, and we have been testing and improving it every step of the way,” explained Opus’ latest blog post.
The company has already held a ‘crowdsale’ to raise funds, selling more than 133 OPTs for a total of 17k ether – around $5.6m at the time based on the cryptocurrency’s dollar value, but around $7.8m now.
Like a number of other blockchain-distribution startups, Opus isn’t burdened with a lack of confidence. “We have poured so many resources into the development that the platform will be, simply put, amazing…”