Apply to raise funding with Opulous MFTs

According to Ditto Music, this is a huge opportunity to raise real cash, grow your fanbase and reach new listeners worldwide.

“MFTs are a first-of-their-kind music product, designed to create even closer relationships between artists and their audience,” Ditto Music said. “They're a brand new way to share ownership with fans and earn big money upfront.” 

Ditto Music added: “This is a huge opportunity to raise real cash, grow your fanbase and reach new listeners worldwide.”

Opulous officially changed the name of its signature music tokens from S-NFTs to MFTs in May.

The company said the unique feature of the MFTs is that fans who buy them will receive a percentage of your track's future music royalties.

“MFTs are a first-of-their-kind music product, designed to create even closer relationships between artists and their audience. They're a brand new way to share ownership with fans and earn big money upfront,” Opulous said.

“Moving forward, we will use this token as the basis for all our MFT sales since they are divisible and can be easily traded for another asset of the same kind. As such, MFTs clear the way for us to offer fractional investments while ensuring that each fraction is equivalent to the next.”

Opulous says it spent months identifying the most critical solutions to enhancing functionality of traditional NFTs. “Once we realised the restrictive nature of NFTs, we knew there had to be a better way to split music copyright tokens into equal shares. That’s why we decided to create our own genre: MFTs, or Music Fungible Tokens.”

The company added that it's pioneering a whole new financial ecosystem for the entire music industry while creating a platform that helps musicians connect with fans and investors in new ways through shared music ownership.

“We also realised that S-NFTs wouldn’t provide the attributes we require for our music copyright sales since NFTs are non-fungible, meaning they can’t be easily divided. Additionally, NFTs don’t hold equal value. Without these two key elements, there’s no way we could offer fractional ownership of music copyrights.

“Ultimately, that means everyone who invests in a particular song or album has the same market value for each of their tokens. As artists’ music becomes more popular, everyone’s holdings come up in value equally. And since each MFT represents equal value, this makes them much easier to trade.”

Intrested persons may submit their info here and apply to be one of the very first artists to launch an Opulous MFT.

They can also discover how MFTs work here.