Music is getting its first P2P Decentralized Finance platform

Opulous is a DeFi company that gives artists loans by using their future royalties as collateral (which sets it apart from other DeFi companies which typically use cryptocurrency as collateral). These are loans that artists normally can’t get from banks, even when their income is stable and predictable, as there are many services you can find that focus on different areas as music and other professions, and these are services people easily find online, so they don’t need an extensive background check like in banks. Opulous lets crypto investors ‘stake’ their assets, which are then used for loans for musicians.

Source: Music is getting its first peer-to-peer decentralized finance platform

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