Opulous | Music Copyright NFTs & DeFi Loans | www.opulous.org | TG contest!

Opulous-bct

jr. member

Activity: 34

Merit: 1

Quote from: TimeTeller on June 28, 2021, 05:17:42 PM

But how do we verify that there is actual permission from the creator/owner of the NFT?
Is there an easy way how to determine that it did really come from the original creator?
Nowadays, imitations of something is common. So how do we know that he is the original creator of that item?
And that he is giving the platform the privilege to sell his artworks? It is quite difficult that once you purchased, you found another similar item from a different creator.
That will give less value to what you just purchased. And you are just screwed of this NFT hype.

How do we verify blockchain transactions? With the tried and true signing from the address.

If the owner/creator can verify (sign) from the wallet that created the NFT, then it proves he is the owner. That would require the NFT creators to also give them (the owners) the private keys to the generating wallet.

And giving the platform the privilege is easy. He connects with his wallet, and approves a smart contract that automatically ties the NFT to the platform, and automatically disburses any sum sold minus commissions.

Anyone can imitate, true, but you always have your unique item. Anyone can fake the Mona Lisa but there is just the one sitting in the Louvre:)

Opulous-bct

jr. member

Activity: 34

Merit: 1

Is it right to call a crypto a collectible? Shouldn't it be a currency or security or commodity?

Cryptocurrency assets or crypto assets these days can and do fall into any or all of those categories, depending on their utility and on the jurisdiction making that ruling.

For example, El Salvador recently recognized Bitcoin (and only Bitcoin, not all cryptocurrency) as legal tender, making it the first country to do so. The same asset is still viewed as a commodity in other countries like the USA, but not a security.

An NFT token would be deemed as a collectible but also a commodity — it is not fungible, which automatically disqualifies it as a currency.

Opulous-bct

jr. member

Activity: 34

Merit: 1

It wasn't easy but we finally picked 10 winners for the Opulous AMA Question Competition.

Check the Tweet and make sure you DM to claim your prizes!

https://twitter.com/opulousapp/status/1408032600053239808

Opulous-bct

jr. member

Activity: 34

Merit: 1

How can there be multiple NFTs for a single piece of digital art (having a hard time grasping the concept of how NFTs can be 1(art):n(NFT))?

Think about how an artist might create “limited editions” of a certain piece. Serialised versions maybe. Or a baseball card, that itself is unique and only 10 such cards ever produced. You might have 10 NFTs then, each unique in their serial number. He might even be able to attach a personal signature or message to each of it.

There are also examples where multiple NFTs are needed to piece together an art piece, each containing the necessary piece — almost like a jigsaw puzzle where you need all for the complete picture. Nifty, right?

Opulous-bct

jr. member

Activity: 34

Merit: 1

Why would eBay accepting NFTs be a big deal?

Because it will mean exposure of NFTs to a huge, existing community of buyers and collectors. Ebay has a huge market for collectibles and art, which is what is a big portion of NFT use case right now. Imagine if they found out about NFTs and what makes them a breakthrough in collectibles, they’d go for it. NFTs right now are rather complicated to use for a newbie, but if it’s just another type of listing on eBay, why not?

Opulous-bct

jr. member

Activity: 34

Merit: 1

How do you create and sell an NFT for your creation?

First of all, you have to create your own art first — be it a drawing, a piece of music, even a gif these days is what people do. Then you need a programmer to code your token for you, that is, to create the NFT that is linked to the art you want to sell.

Then you need a platform or marketplace to place/list that NFT, and allow the network/smart contract to handle your sell. Most marketplaces take a small commission for the sale.

Check out Opulous to see if it has the right solution for you!

Opulous-bct

jr. member

Activity: 34

Merit: 1

We're hosting an #Opulous AMA on our Telegram on 23 June and there's $10k in $OPUL allocation up for grabs! Visit this Tweet to participate:
https://twitter.com/opulousapp/status/1405184159803449345

The 10 best questions win! Good luck 🚀

Troland

copper member

Activity: 28

Merit: 0

The idea is quitely good but to make it true looking like talking about impossible

Opulous-bct

jr. member

Activity: 34

Merit: 1

Quote from: TimeTeller on June 28, 2021, 05:17:42 PM

Quote from: Opulous-bct on June 25, 2021, 04:13:37 AM

We had this great question on Quora we'd like to share:
Would there be any problem by listing a digital/NFT on behalf of the actual creator (e.g. creator not into technology so he/she asking me a favor to list on behalf of him/her)?

Anyone could do it, for sure, since creating NFTs are available to anyone on permissionless blockchain networks.

In fact, many creators already engage the services of blockchain professionals — and you could even ask us to help you with creating an NFT on the blockchain if you don’t want to get involved in the technical aspects.

Artists create. NFTs are just a method of wrapping them up to be easily verified, sold, transferred.

But how do we verify that there is actual permission from the creator/owner of the NFT?
Is there an easy way how to determine that it did really come from the original creator?
Nowadays, imitations of something is common. So how do we know that he is the original creator of that item?
And that he is giving the platform the privilege to sell his artworks? It is quite difficult that once you purchased, you found another similar item from a different creator.
That will give less value to what you just purchased. And you are just screwed of this NFT hype.

Ditto Music has been working with music copyright and ownership issues for over 15 years and has the existing infrastructure necessary to combat copyright infringement.

We have audio fingerprinting technology as well as a dedicated team who individually check every release to guarantee that any NFTs sold are always the originals and copyright issues are dealt with before they become a problem for our users.

Opulous-bct

jr. member

Activity: 34

Merit: 1

A great opportunity for the Algorand Community! We can't wait to see the new users of ASA thanks to our token offering on TrustSwap!

Today, Wednesday, June 30, you will be able to register on TrustSwap and have the chance to buy our ASA $OPUL token.

Full details are here: https://trustswap.medium.com/opulous-announces-june-30th-token-offering-on-trustswap-launchpad-ae9a1f4e8f79

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Opulous-bct on June 25, 2021, 04:13:37 AM

We had this great question on Quora we'd like to share:
Would there be any problem by listing a digital/NFT on behalf of the actual creator (e.g. creator not into technology so he/she asking me a favor to list on behalf of him/her)?

Anyone could do it, for sure, since creating NFTs are available to anyone on permissionless blockchain networks.

In fact, many creators already engage the services of blockchain professionals — and you could even ask us to help you with creating an NFT on the blockchain if you don’t want to get involved in the technical aspects.

Artists create. NFTs are just a method of wrapping them up to be easily verified, sold, transferred.

But how do we verify that there is actual permission from the creator/owner of the NFT?
Is there an easy way how to determine that it did really come from the original creator?
Nowadays, imitations of something is common. So how do we know that he is the original creator of that item?
And that he is giving the platform the privilege to sell his artworks? It is quite difficult that once you purchased, you found another similar item from a different creator.
That will give less value to what you just purchased. And you are just screwed of this NFT hype.

Opulous-bct

jr. member

Activity: 34

Merit: 1

We had this great question on Quora we'd like to share:
Would there be any problem by listing a digital/NFT on behalf of the actual creator (e.g. creator not into technology so he/she asking me a favor to list on behalf of him/her)?

Anyone could do it, for sure, since creating NFTs are available to anyone on permissionless blockchain networks.

In fact, many creators already engage the services of blockchain professionals — and you could even ask us to help you with creating an NFT on the blockchain if you don’t want to get involved in the technical aspects.

Artists create. NFTs are just a method of wrapping them up to be easily verified, sold, transferred.

Opulous-bct

jr. member

Activity: 34

Merit: 1

Don't miss the Official #Opulous AMA on our Telegram tomorrow at 7pm UTC 🙌

Go join the Opulous group here 👉 @opulousapp

Our founder @Lee_OPU be on-hand to answer as many questions as he can. We'll see you there!

#OpulousCommunity $OPUL

Retweet, Comment and Like 👇

https://twitter.com/opulousapp/status/1407353061568389121?s=19

Opulous-bct

jr. member

Activity: 34

Merit: 1

Delighted to welcome @XcademyOfficial CEO Oliver Bell on-board as an #Opulous advisor.

We've also received strategic investment from XCAD Network & we're looking forward to working closely with them.

Opulous-bct

jr. member

Activity: 34

Merit: 1

We got some love from AltcoinReview, talking about us and our upcoming partnership with Binance!

Don't forget our tokens are only on sale at MakerDAO. Don't get them anywhere else, those are fake;)

Check out the Full Video:https://youtu.be/eZ2YO2cP5vE

Opulous-bct

jr. member

Activity: 34

Merit: 1

Pre-sale registration opens today! 🚀
http://daomaker.com/company/opulous

PSA: $OPUL family. Our token has not been released. The only place you can get tokens is through TheDaoMaker, anything else is a scam.

Please do not buy any tokens on Uniswap they are fake!

Opulous-bct

jr. member

Activity: 34

Merit: 1

Quote from: CaVO32 on June 02, 2021, 05:04:21 PM

It is nice that you are active in this thread and ready to answer any issues or query posted by the users here. With your different partnerships on board, I assume that reaching out those artists/singers and forging relationships would not be a problem. This will be a good way for them to earn income as well as reaching out their fans. Usually, the objectives are great but when it comes to implementation, that's where most projects fail. So hopefully, you can really materialize this platform and sustain its presence in the market.

Thank you! Of course, a lot of our focus right now is on developing our own product at Opulous, and business development. But we'll try our best to respond to community queries here and on other places. Have a look at our Quora, where we answer questions directed at us also on NFTs.

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: Opulous-bct on June 02, 2021, 03:33:45 AM

Why NFTs?

As a currency, tokens need to be fungible, that is, 1 token should always be exchangeable for 1 token, which makes fiat money and Bitcoin so successful.

But there is a reason to make non-fungible tokens, that are unique in properties and are not of equal value to each other.

**One major use is in the creative industry where NFTs **contain extra information stored in them, taking different formats. JPG or GIF, for example, to represent digital graphics or photos. MP3s to represemt songs, MPGs to represent video.

It proves the property detailed inside to be unique, and if stored in a wallet you own, also proves that you are the owner of that digital property.
This immediately solves two things: prevents forgery, and proves ownership indisputably.

Because they’re digital, they’re also easy to transfer without compromising security or safety.

It is nice that you are active in this thread and ready to answer any issues or query posted by the users here. With your different partnerships on board, I assume that reaching out those artists/singers and forging relationships would not be a problem. This will be a good way for them to earn income as well as reaching out their fans. Usually, the objectives are great but when it comes to implementation, that's where most projects fail. So hopefully, you can really materialize this platform and sustain its presence in the market.

Opulous-bct

jr. member

Activity: 34

Merit: 1

Why NFTs?

As a currency, tokens need to be fungible, that is, 1 token should always be exchangeable for 1 token, which makes fiat money and Bitcoin so successful.

But there is a reason to make non-fungible tokens, that are unique in properties and are not of equal value to each other.

**One major use is in the creative industry where NFTs **contain extra information stored in them, taking different formats. JPG or GIF, for example, to represent digital graphics or photos. MP3s to represemt songs, MPGs to represent video.

It proves the property detailed inside to be unique, and if stored in a wallet you own, also proves that you are the owner of that digital property.
This immediately solves two things: prevents forgery, and proves ownership indisputably.

Because they’re digital, they’re also easy to transfer without compromising security or safety.

Opulous-bct

jr. member

Activity: 34

Merit: 1

Quote from: holydarkness on May 29, 2021, 01:12:46 AM

So theoriticaly, the idea you propose here, is that by claiming the NFT of a song, songwriters wouldn't have to be concerned about possible future dispute regarding their music because it is proven to be theirs, via blockchain, and they can still allow their songs and musics to be played elsewhere and gain the royalty?

Only if that NFT is used to contain the digital rights of that song, and it's a lot more complicated than that, but in theory yes, this is possible. Note, NFTs can also be giving you only the rights to play that song for restricted conditions.

It may not completely solve legal disputes, but it's certainly one strong way to prove ownership and a programmable way to track royalty, if used as such.

We may see more use cases in future, but that's precisely what we're trying to help build, but as with all tech, adoption must first happen;)

Topic: Opulous | Music Copyright NFTs & DeFi Loans | www.opulous.org | TG contest! (Read 437 times)