The music industry is broken. Streaming platforms such as Spotify, Deezer , and Apple Music take up to 80% of artist’s revenue, and while larger artists can accept it, small artists are often unable to make a living from music streaming. Read more.
Music fans also have a terrible experience. With streaming services competing for exclusive deals and fragmenting the music industry, fans often have to struggle between numerous different platforms just to listen to their favorite artists. Read more.
Playlist makers are also not compensated at all for the hard work they put into creating well-crafted playlists that, experts say, drives most of the growth in the online streaming industry.
Our solution at Opus
What we have developed is a beta-ready, 4 layer decentralized system that uses cutting edge low latency IPFS as a storage layer to store songs permanently and transparently. A Ethereum-based logic layer to handle all the transactions on the Opus network. A Universal Music Registry Number (UMRN) relay to keep track of a global ledger of music tracks, and last but not least an Opus-API that enables any player, including the core player to access the Opus Infrastructure and play music tracks all around the world. With such a immutable system in place, we then introduce additional mechanisms such as the OpusDAO, and the artist bounty system.
We targeted the root cause: Monopolized and Centralized platforms. Imagine a world where your music travels with you no matter what music player you choose and where the music tracks you buy are available forever, whenever, wherever. Well you need to imagine no further, our blockchain-based beta is ready and you can try it now today!
At Opus, we believe in developing scalable and stable infrastructure. To this end, we have developed a novel 4 layer solution that drives the Opus protocol stack.
Opus uses a 4 layer system that allows for a fast transfer of value along with a rapid and immutable storage solution. By separating the different aspects of the platform, the Opus beta, which is running on the live block chain, can play back your music files at blazing fast speeds.
Formed official Opus development team
C++ custom Blockchain infrastructure
Storage layer / infrastructure implementation
Seed round from external investor
Opus Ethereum smart contract development
Audit Opus Ethereum contract. Team expansion
Optimizing the Opus UMRN registry
Beta release, optimization and website
Security audit and press release
Crowd sale and fund raising, Business Outreach
Expand team by on-boarding new developers
Publish documentation on OpusAPI
Optimize, test and audit Main-net release
Oct of 2017
Nov of 2017
Integrate with Raiden’s release
End of 2017
2018 - 2019
Attention. There is a risk that unverified members are not actually members of the team
Opus aims to create a decentralized music platform capable of streaming tracks over the blockchain using the Interplanetary File System (IPFS). The company already has a demo version of its software available. There are a number of other companies on the market seeking to deliver decentralized music streaming to the world. Opus aims to be the best one on the market.
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