OPUS

OPUS

Created using Figma
Created using Figma
Decentralized Music Distribution
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • HitBTC
    OPT/BTC one hour ago
    $ 0.0040
    $ 309.83
    -2.99%
    -13.17%
  • Idex
    OPT/ETH 3 days ago
    $ 0.0072
    -
    -
    -
  • Bit-Z
    OPT/USDT 9 days ago
    $ 0.0125
    $ 723.029 K
    34.92%
    217.77%
  • HPX
    OPT/CNYT 14 days ago
    $ 0.0075
    -
    -
    -
  • HPX
    OPT/ETH 22 days ago
    $ 0.0100
    -
    -
    -
  • TokenJar
    OPT/WETH 2 months ago
    -
    -
    -
    -
  • ForkDelta
    OPT/ETH 3 months ago
    $ 0.0021
    -
    -
    -
  • BITKER
    OPT/AVA 3 months ago
    $ 0.0050
    $ 115.664 K
    -
    -
  • Everbloom
    OPT/ETH 5 months ago
    $ 0.0032
    -
    -
    -
Jul 23, 2017
Aug 23, 2017
100% completed
$5 825 148
3.2 K
23% cap completed
Cap 97 000.00 ETH
past
  • 7000 OPT
    =
    1 ETH
Token Details
Ticker
OPT
Company Details
Registered Country
Poland
Additional Details
Categories
Entertainment, Art

About OPUS

The problem

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!

Technology

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.

  • Application layer: This is the top layer where the Opus API interacts with various 3rd party players to decode and deliver music tracks.
  • Logic layer: This layer, is a system of smart contracts running on the Ethereum blockchain. On this layer, resides the user contract which stores each user’s decryption keys, reference file hashes to the IPFS storage, and the business logic that handles transactions.
  • Directory layer: While each track has it's permanent IPFS hash, the directory layer is a JSON database that stores all the Hashes of tracks available on the Opus network.
  • Storage layer: Due to gas constraints, we store all the tracks on the IPFS network. This ensures that songs are available permanently, decentrally and with low latency.

Features

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.

Technical Info

Technical details:  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. To this end, we have developed a novel 4 layer solution that drives the Opus protocol stack. Application layer: This is the top layer where the Opus API interacts with various 3rd party players to decode and deliver music tracks. Logic layer: This layer, is a system of smart contracts running on the Ethereum blockchain. On this layer, resides the user contract which stores each user’s decryption keys, reference file hashes to the IPFS storage, and the business logic that handles transactions. Directory layer: While each track has it's permanent IPFS hash, the directory layer is a JSON database that stores all the Hashes of tracks available on the Opus network. Storage layer: Due to gas constraints, we store all the tracks on the IPFS network. This ensures that songs are available permanently, decentrally and with low latency. The source code:  Source code for the Beta running on IPFS/Ethereum is open-source on Github The smart contract for the crowd sale is also available here. Audited multiple times internally, and open-sourced. https://github.com/Opus-foundation/contracts Proof of developer:  Public team

OPUS Roadmap

  • Started development

  • July 2016

  • Started development
  • Formed official Opus development team

  • Aug 2016

  • Formed official Opus development team
  • Read More
  • C++ custom Blockchain infrastructure

  • Sep 2016

  • C++ custom Blockchain infrastructure.
  • Storage layer / infrastructure implementation

  • Oct 2016

  • Storage layer / infrastructure implementation (Sia, Storj, IPFS)
  • Seed round from external investor

  • January 2017

  • Seed round from external investor, consolidated name.
  • Opus Ethereum smart contract development

  • Dec 2016

  • Opus Ethereum smart contract development.
  • Technical alpha

  • Nov 2016

  • Technical alpha
  • Audit Opus Ethereum contract. Team expansion

  • March 2017

  • Audit Opus Ethereum contract. Team expansion. Opus API development. Development on Opus DAO.
  • Optimizing the Opus UMRN registry

  • April 2017

  • Optimizing the Opus UMRN registry. Added UI/UX and web designers. Working with small artists. Development on Artist bounty system
  • Beta release, optimization and website

  • May 2017

  • Beta release, optimization and website. Opus Crowd sale development. Optimizing APIs
  • Security audit and press release

  • August 2017

  • Expand team by on-boarding new developers and advisors. Join EEA.
  • Crowd sale and fund raising, Business Outreach

  • July 2017

  • Crowd sale and fund raising, Business Outreach
  • Expand team by on-boarding new developers

  • June 2017

  • Security audit and press release, opusDAO beta testing. Official launch.
  • Publish documentation on OpusAPI

  • September 2017

  • Fully implement voting/governance DAO in addition to the bounty system.
  • Optimize, test and audit Main-net release

  • Oct of 2017

  • Publish documentation on OpusAPI.
  • Main-net release

  • Nov of 2017

  • Optimize, test and audit Main-net release.
  • Integrate with Raiden’s release

  • End of 2017

  • Main-net release.
  • Integrate with Raiden’s release

  • 2018 - 2019

  • Integrate with Raiden’s release. Scaling.

Activity

Activity:
728
VERY HIGH
Posts:
2 114
VERY HIGH
Views:
92 847
VERY HIGH
Activity:
728
VERY HIGH
Merit:
362
HIGH
Posts:
1 529
VERY HIGH
Views:
46 428
VERY HIGH
Users:
371
HIGH
Posts:
174
MEDIUM
Followers:
1 164
LOW
Likes:
1 076
LOW
Rating:
4.60
VERY HIGH
Followers:
3 331
MEDIUM
Tweets:
199
MEDIUM
30 Days Growth:
-29
Year commits:
0
Watchers:
25
Stars:
131
Forks:
29
Open issues:
2

OPUS Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Bokang Jia
CEO
unverified
Mateusz Mach
COO & Investor
unverified
Chenhao Xu
CTO
unverified
Sam Peeters
Lead developer
unverified
Rehan Gotla
Business and Data analyst
unverified
Akira Rao
Full stack developer
unverified
Robert Cohan
Senior software engineer
unverified
Michael He
Lead China ambassador
unverified
Mustafa Khan
Lead graphics artist
unverified
Charlie Breach
Art lead
unverified
Arief Zul
Marketing lead
unverified
Sam Peeters, Lead De...
unverified

OPUS Last News

$ 0.0034
-16.54%
Coin Stats
Daily, %:
-16.54%
Weekly, %:
11.82%
Monthly, %:
-0.79%
Market Info
Market Cap:
$ 476.437 K
Volume 24h:
$ 28.06
Circ. Supply:
140.081 M OPT
Ticker:
OPT
ICO profit
X 1.3412043061635E-5
ICO Price~$253.59

OPUS Reviews

bitcoinexchangeguide.com
reviews

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.

Read More
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