Opulous is a blockchain-powered platform designed to empower independent musicians by enabling them to control their careers through decentralized finance (DeFi) and non-fungible tokens (NFTs). Founded by Lee Parsons, it offers tools for monetizing music, sharing royalties with fans, and ensuring transparency in transactions, fostering a direct connection between artists and their audience.
The music industry is transforming due to decentralization and blockchain technology, empowering independent artists with greater control, transparency, and direct fan engagement. Decentralized platforms like Audius, Opulous, and Royal facilitate equitable revenue distribution and foster a community-driven approach, enabling artists to reclaim ownership and establish sustainable careers in a fairer ecosystem.
Record companies are adapting to a decentralized music industry by acquiring legacy artist catalogs to leverage AI music creation. This strategy allows them to control royalty streams and use catalogs for training AI, enhancing music production, and securing rights for derivative works. Legal and ethical issues also emerge, prompting careful negotiation for artists.
The Future of Music Streaming – The Fan Experience We have been in the digital revolution for the past 20 years and in this time the music industry has been redefined several times over. The reality today is the consumer has embraced streaming as a way to consume music, and in fact they no longer […]
Making a Scene Presents 5 Predictions for the Music Industry in the 2020’s The 2000’s have brought a huge shift in the music industry that has been driven by technology. Some, like streaming has benefited the consumer while taking a huge dent out the economics of recorded music. Some have made the creation of music […]
