(Last Updated On: December 20, 2018)

Basic Information

Address 0x4355fc160f74328f9b383df2ec589bb3dfd82ba0
Twitter Handle opusfoundation
Rate (in USD) 0.0035697109
Market Cap (in USD) 500047

Description

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.

White Paper – Key Points

  • decentralized music distribution using interplanetary file systems (ipfs) on the blockchain.
  • this is achieved by encrypting music tracks on the go and storing the encrypted music files permanently on the ipfs swarm.
  • scalability of ipfs opus files by running their own ipfs node.
  • opus ipfs content referencing © 2018 opus stream limited 17 front-end user applications: opus core players the opus team has developed players for three platforms: web, android, ios.
  • switching incentives nature of the blockchain and ipfs swarm, we can expect more artists releasing their songs on opus than on traditional platforms.
  • why opus needs to be decentralized corresponding smart contract ipfs hashes running on ethereum.

  • Read Full White Paper

    Supply Analysis

    Estimated Available Supply 140080549
    Total Supply 249308531
    Dilution Factor 0.561876276107054
    Pct of Total Supply in Large NBNI-1 Wallets 0.436637417045479
    Pct of Total Supply in Large Anon Wallets 0.874761143029284
    Pct of Total Supply in Large ID Wallets 0.0947155222624851

    Correlation Metrics

    Ethereum Correlation 0.280952751685192
    Bitcoin Correlation 0.372432724733462

    Twitter Metrics

    Follower Count 3553
    Verified Follower Pct 0.00220143093010457
    Investor Follower Pct 0.0374243258117777
    Avg Follower/Friend Ratio 2.85353672014715
    Avg List Count 15.8937809576225