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The world's first decentralised music platform built on Ethereum and IPFS

Get 100% of the revenue

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The problem

The music industry is broken. Streaming platforms such as Spotify, Deezer , and Apple Music take up to 80% of artist’s revenue, and while larger artists can accept it, small artists are often unable to make a living from music streaming.

Music fans also have a terrible experience. With streaming services competing for exclusive deals and fragmenting the music industry, fans often have to struggle between numerous different platforms just to listen to their favorite artists.

Playlist makers are also not compensated at all for the hard work they put into creating well-crafted playlists that, experts say, drives most of the growth in the online streaming industry.

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Our solution at Opus

What we have developed is a beta-ready, 4 layer decentralized system that uses cutting edge low latency IPFS as a storage layer to store songs permanently and transparently. A Ethereum-based logic layer to handle all the transactions on the Opus network. A Universal Music Registry Number (UMRN) relay to keep track of a global ledger of music tracks, and last but not least an Opus-API that enables any player, including the core player to access the Opus Infrastructure and play music tracks all around the world. With such a immutable system in place, we then introduce additional mechanisms such as the OpusDAO, and the artist bounty system.

We targeted the root cause: Monopolized and Centralized platforms. Imagine a world where your music travels with you no matter what music player you choose and where the music tracks you buy are available forever, whenever, wherever. Well you need to imagine no further, our blockchain-based beta is ready and you can try it now today!

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Technology

At Opus, we believe in developing scalable and stable infrastructure. To this end, we have developed a novel 4 layer solution that drives the Opus protocol stack.

Application layer: This is the top layer where the Opus API interacts with various 3rd party players to decode and deliver music tracks.
Logic layer: This layer, is a system of smart contracts running on the Ethereum blockchain. On this layer, resides the user contract which stores each user’s decryption keys, reference file hashes to the IPFS storage, and the business logic that handles transactions.
Directory layer: While each track has it's permanent IPFS hash, the directory layer is a JSON database that stores all the Hashes of tracks available on the Opus network.
Storage layer: Due to gas constraints, we store all the tracks on the IPFS network. This ensures that songs are available permanently, decentrally and with low latency.

Check out the Github

Roadmap

We have big plans for the future of Opus.

Operations
January 2017 Seed round funding to begin development
March 2017 Audit Opus Ethereum smart contract.
July 2017 Team expansion.
September 2017 On-board advisers from within the industry
November 2016 Furthur expand development team.
Technology
September 2016 Custom block chain testing.
October 2016 Storage layer / infrastructure implementation.
December 2016 Opus Ethereum smart contract development.
February 2017 Opus API and UMRN development.
April 2017 Development on Artist bounty system.
June 2017 Beta release and security audit
September 2017 Implement voting/governance and Artist bounties
October 2017 Publish documentation on OpusAPI.
November 2017 Develop an Oracle system for content-based security
December 2017 Main-net release.
2018 Integrate with Raiden and Scaling.
Outreach
June 2017 Begin working with small artists.
July 2017 Bounty program.
September 2017 Host and sponsor events
October 2017 On-board artists for feedback after development.
November 2017 Full release to artist and fan community.
2018 Sponsor well-known musicians and market in multiple locationspc

Benefits

Transparent

All of transactions are completly visible on the Ethereum blockchain and IPFS swarm. Labels cannot hide money from the artists.

Free

OPUS Foundation does not take any money - 97 % of the revenue is received by the artists. This will never change.

Democratic

OpusDAO is a Decentralized Autonomous Organization that allows people to vote on monthly proposals that develop the Opus platform.

Uncensorable

The Opus platform is fully censorship resistant as all aspects of the platform are fully decentralized, including the IPFS storage layer.

Cross-platform

We built Opus with the world in mind. As such, we have developed a 3rd-party API based layer within the Opus blockchain that allows anybody anywhere in the world to build a local player and have it access all the songs available on the Opus platform.

Opus is already running on Ethereum,
try our Live demo here.

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It is obvious that OPUS has a great leadership and development team that will produce a state of the art product. With the correct strategy, OPUS has the potential to be a truly disruptive force in the Music Industry.

Aaron Steinber - Advisor