Opulous collaborates with Binance to launch exclusive music NFT drops

01 June 2021 - Press release

 

Music NFT and DeFi platform Opulous has announced plans to create and release NFT collectibles on Binance NFT Marketplace, the new NFT marketplace from the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider Binance. Opulous will launch a series of exclusive music NFT drops with major artists led by Lil Yachty and Kyle, with many others soon to be announced.

The NFTs sales will also include the opportunity for buyers to participate in once-in-a-lifetime fan experiences and engagements.

Opulous was established by Lee Parsons, founder of global music and technology company Ditto Music, which currently supports over 500k artists and record labels across the globe with distribution, management, publishing and record label services. 

The Opulous platform facilitates the launch of Opulous Music NFTs, a new form of NFT which offers buyers rewards and a share of a song’s future earnings in exchange for social media support, as well as peer-to-peer DeFi loans to cut out middle-men and major labels, changing how artists access the funding they need to invest in their own music careers. 

Commenting on the launch of the new collaboration with Binance NFT, Opulous CEO Lee Parsons said, “We’re delighted to work with Binance NFT to launch these exclusive NFT drops with some of the most exciting artists from all over the world. I’ve been passionate about the applications of crypto and blockchain technology within the music industry for many years, and believe the launch of NFT drops like these will help to strengthen the connection between artists and their fans well into the future.”