Ditto Announces Opulous: A Decentralised Finance Solution For Artists
Summary
Open to anyone, not just Ditto users, Opulous offers a bold new venture for investors while providing the option of financial support for artists who are looking to fund the next stage of their careers. Founded in 2017 by acclaimed cryptographer Silvio Micali, Algorand is an open source public blockchain based on a pure proof-of-stake consensus protocol that supports quick, efficient and secure transactions anywhere in the world. Commenting on the launch of Opulous, Ditto CEO Lee Parsons said, "Musicians are often largely overlooked when it comes to traditional banking loans, or the terms are so unfavourable it isnt worth their time. Using De-fi , Opulous cuts out traditional banking, providing musicians a platform with minimal interest payments, while giving investors the chance to stake a claim in one of the most exciting and fastest growing financial industries in the world." By building on top of the Algorand blockchain, Opulous platform will perform as one of the first real world DeFi applications," added David Garcia, CEO and Managing Partner of Borderless Capital.