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The world's first decentralized music platform based on Ethereum and IPFS. The logical layer of the Opus platform is based on the Ethereum blockchain and uses the IPFS file system, a distributed peer-to-peer network of file storage, as the storage layer to store music. This means that the Opus platform does not require a centralized server. Therefore, such a technical structure means that no organization can block songs or artists on Opus, and the two-tier structure also ensures low gas cost on the Ethereum blockchain, increasing scalability.
1. Design the world's most efficient music sharing platform
Utilizing the cutting-edge technologies of distributed ledger systems such as IPFS and the immutability of distributed smart contracts on Ethereum, OPUS aims to Build infrastructure from scratch with minimal latency in a highly network-efficient manner.
The OPUS core development team is led by a group of passionate industry-leading computer scientists and engineers, and is currently:
completing the development of API, smart contracts and transaction databases.
Finally completed the development of OPUS player for webpage, Android and iOS.
Complete the development of artist and fan network panels for content management and cryptocurrency payments.
Research on scalable and low-cost transaction system based on blockchain.
2. Fundamentally create a seamless user experience
User experience is the key to long-term business success. Amazon CEO Jeff Bezos has increased his investment in customers by 100 times. In the first five years, experience was more important than marketing, and Airbnb CEO Mike Gebbia believes that user experience will build the company into a $10 billion company. Excellent user experience is a necessary condition for the development and growth of enterprises. Studies have shown that companies that invest heavily in user experience, see significant
increased user uptake and adoption compared to similar products with less emphasis on user experience.
The team at OPUS takes this concept very seriously, in fact, our platform is designed based on a unique user experience. In the blockchain world, many interactions are rough, with complex circles and unintuitive interfaces. What we've managed to do is break down that barrier with an infrastructure and UI/UX level experience that's intuitive and responsive, tested with sub-second latency.
In an environment very focused on pure concepts, OPUS plans to dedicate resources to UI/UX to deliver a groundbreaking user experience, well positioned for our significant share of the $40 billion per year music streaming industry Prepare.
3. Implementation of modern democratic governance
OPUS believes in the transparent rules, immutable data, and data integrity concepts based on cryptography represented by the blockchain. This is why the smart contract will store the compensation rules for each member of the band, and reach an agreement after confirmation by both parties. This is why the smart contract will transfer money to artists and fans based on the calculation results collected from the platform usage data. These data and these rules will be made public for everyone to see.
4. Implement a successful marketing plan to ensure long-term growth
After ensuring all the infrastructure is in place, OPUS will promote the platform through sponsorship and indirect advertising. Our plan is to promote the platform to fans while onboarding artists. There are many new markets, especially in countries without established music platforms, such as China, OPUS can easily occupy this gap.
Unlike many blockchain projects that only focus on core concepts, the main goal of OPUS is to illuminate the technology to a mainstream audience. While we have invested considerable resources into producing innovations at the infrastructure level, we are also working on the movement and turning OPUS into a platform like other global streaming platforms have become ubiquitous in the past 3-5 years Same.