Blockchain-powered NFTs and decentralized financing platform, Opulous, continues to cause a stir in the music business.
Earlier this month, Opulous enabled fans and investors to buy royalty-bearing slices of a new track from rapper Lil Pump as NFTs. Within hours, some 927 investors had acquired all $500,000-worth of these assets.
That news came days after Opulous announced a new partnership with Japanese media giant LINE – and its blockchain subsidiary Tech Plus – to co-develop Non-Fungible Token (NFT) products.
Today (November 15), Opulous announces that a major music biz name is joining its operation as a Senior Advisor: Mark Gillespie, the founder and CEO of Three Six Zero.
At Three Six Zero (TSZ) – which is headquartered in Los Angeles – Gillespie manages the likes of Calvin Harris, Nicky Jam, Fraser T Smith and more.
TSZ also represents standout film talent including Will Smith, Jada Pinkett Smith, Willow Smith, and Jaden Smith, plus Jason Statham and others.
“I’m hugely excited to be advising Lee and the team at Opulous and helping bring what I believe is a revolutionary product to the world.”
Mark Gillespie, Three Six Zero
Said Gillespie: “I’m hugely excited to be advising Lee and the team at Opulous and helping bring what I believe is a revolutionary product to the world.
“Opulous is undoubtedly a game-changer and I’m very proud to be involved.”
Gillespie isn’t the only experienced music industry figure joining Opulous this week: Jay Moore, formerly Senior Director of Investments at Kobalt Music, has also come on board at the NFTs company.
Moore has been appointed as Chief Investment Officer at Opulous, and is tasked with leading and evaluating new investment projects to be sold through the Opulous platform.
“The addition of Mark as Senior Advisor and Jay as CIO demonstrates the ambition we have for this platform,” said Lee Parsons, founder of Opulous.
“We’re moving in a very exciting direction and growing fast, with a bunch of new hires on the way. Plus we have some very big artist names joining the platform in the wake of the incredible demand we’ve just seen with Lil Pump. Watch this space!”
“We’re moving in a very exciting direction… Plus we have some very big artist names joining the platform in the wake of the incredible demand we’ve just seen with Lil Pump. Watch this space!”
Lee Parsons, Opulous
After launching back in February via the co-founder of distribution and services platform, Ditto Music, Opulous (then operating as BlueBox) powered the first ever split music copyright sale by artists via NFTs.
Since then, Opulous, built on the Algorand blockchain, has raised millions of dollars and inked partnerships with big names in crypto such as Binance and Republic – deals which have in turn led to partnerships with artists like Lil Pump and Lil Yachty.Music Business Worldwide