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Opulous (OPUL) rallies 785% as fans dig the sound of NFTs in the music industry
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There is potential for the use cases of nonfungible token (NFT) technology to expand far beyond the simple tracking of unique images with varying degrees of rareness and analysts project that one NFTs will touch every facet of our lives. Already, developers, artists and corporations are considering the tokenization of all assets and some have already experimented with NFT-based concert tickets and sports passes.
One NFT project that has been gaining traction since September is Opulous (OPUL), a protocol focused on the tokenization of the music industry. The project claims to be angled toward empowering artists to the extent that music rights can be utilized as value-backed assets in decentralized finance (DeFi).
Data from Cointelegraph
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