The future of the music industry funding is decentralized. That´s the claim of Opulous, who will become a universal open platform and a tool for the music industry. The global record music market is hitting new highs every year, for example in 2019 it grew by 8.2% to $20.2 billion. All in all it is its fifth consecutive year of growth, which is really amazing.
But also here problems are coming their way. The music industry is having also financial problems and it´s not easy for artists to obtain any loans from traditional banks. Most of the time artists greatests assets, the copyrights of their music, are not accepted by them for any loans. So the gap is getting bigger and bigger for them unfortunately.
And exactly this thing Opulous will flip. Opulous recognises the value of royalty rights and they will backing artists with financial possibilities so that they can grow.