“Q4 is product time. Let’s make history,” tweeted Opulous, the web3 spin-off from distributor Ditto Music, yesterday. What product is coming in Q4? You’ll find details of that in the company’s updated litepaper, which is what the tweet was promoting.
We’ve reported before on Opulous’s initial launch of music NFTs (or ‘MFTs’ as it calls them) with artists including Kyle, Lil Pump and Lil Yachty (although the latter partnership didn’t end well).
Those were focused on singles and albums, but now Opulous is adding something called ‘Royalty Vault’, where it will acquire music catalogues and offer those for sale in what it’s calling ‘OVAULT’.
Also due to launch soon is Opulous’s music advances feature, which it says will help artists to raise funding by selling tokens to its members, who’ll then share in their streaming revenues.
The litepaper has Royalty Vault pegged for launch this quarter, with music advances and self-service MFT sales to follow in the first quarter of 2023.
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