Opulous uses blockchain technology to connect investors with artists needing a loan.
Smart contracts will automate monthly premium and interest repayments and direct profits straight to investors. Using De-fi, Opulous wants to cut out traditional banking, providing musicians a platform with minimal interest payments, while giving investors the chance to stake a claim in one of the most exciting and fastest growing financial industries in the world.
They plan to onboard staking from other parties to enable the widest possible backing. Currently Opulous is still in development and is being built on Algorand’s public blockchain.