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.
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.
Started development
July 2016
Formed official Opus development team
Aug 2016
C++ custom Blockchain infrastructure
Sep 2016
Storage layer / infrastructure implementation
Oct 2016
Seed round from external investor
January 2017
Opus Ethereum smart contract development
Dec 2016
Technical alpha
Nov 2016
Audit Opus Ethereum contract. Team expansion
March 2017
Optimizing the Opus UMRN registry
April 2017
Beta release, optimization and website
May 2017
Security audit and press release
August 2017
Crowd sale and fund raising, Business Outreach
July 2017
Expand team by on-boarding new developers
June 2017
Publish documentation on OpusAPI
September 2017
Optimize, test and audit Main-net release
Oct of 2017
Main-net release
Nov of 2017
Integrate with Raiden’s release
End of 2017
Integrate with Raiden’s release
2018 - 2019
Verified 0%
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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