OPUS is a decentralized music sharing platform that leverages blockchain technology to guarantee fair compensation for artists, transparent and reliable payment rules; and extensive music content stored by the community. OPUS introduces its own digital token (OPT) for payments and revenue management for both artists and fans.
These tokens give us new possibilities in the music industry: artists can decide how to split revenues between band members and for each song separately, can share their own revenue with the fans, who in turn can support their favorite artists or can purchase extra content.
Leveraging the speed and redundancy of a decentralized and immutable file storage technology – IPFS (Interplanetary File System), OPUS can scale and deliver thousands of tracks per second in a very decentralized manner. This is achieved by encrypting music tracks on the go and storing the encrypted music files permanently on the IPFS swarm.