Arbitrum x Opulous

Recorded: Jan. 25, 2024 Duration: 0:49:30

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All right, guys. We live.
Enjoy the music.
Of course we are.
It's super exciting to be talking today with you.
Leah and Fernando, it's amazing,
and getting to know more about Opelous.
And yeah, thank you everyone for joining us today.
My name is Anna Community Manager
at the Arbitrant Foundation.
And what do you do at Opelous?
And then Fernando, of course.
Yeah, of course.
If I can get that trunk, it would be better.
But yeah, it's great to be with everyone here today.
So my name's Lee.
I'm the CEO of Opelous.
Me and my brother basically were in bands
since we left school.
And then I started a company helping people
put music on Spotify back in about 2008.
And we were actually the first company
outside of the major labels to put music on Spotify.
And we had the first ever Digital Top 40 single.
And we've always been kind of at the forefront
of independent artists, digital music, and that movement.
We had the first singles for people
like Ed Sheeran, Sam Smith.
Most of the biggest artists in the world
have been on Ditto at some point.
Central Sea, every rapper from England is on Ditto.
We have around 1.3 million artists on Ditto now.
We also have a really big record label that we run.
And we've had probably about, I don't know,
2030 top 40s this year.
I run a management company as well.
I say I run it.
I mean, there's 300 people at Ditto.
I don't really do much work in it now, thankfully,
because it's crypto.
Not half the time.
But that's kind of my history.
And then I was in around 2017, 2016,
when I started getting into crypto.
We're just looking at the landscape
and looking at how we can use crypto to benefit
benefit the music industry.
And one of the biggest shortcomings in the music industry
was just the general ownership of major labels.
You used to own everything.
Artists didn't used to own anything.
So most of the financial aspects of it
were going back to the label.
Artists were signing bad record deals
to get advances and all that kind of stuff really.
So in about 2017, I started putting together
what Artkless is now, which we can talk about later,
but primarily it helps artists split parts of their song
and sell it to users.
And then everyone gets paid.
So it's just like decentralizing the music industry,
but in a way that's needed, right?
Because there's many music platforms that come out
and just try and do something that's already out there.
But what we're doing has always been
very primarily fixed on musicians.
So that's my brief history,
but I'll let Fernando join me with his.
Thank you, Lee.
Yeah, so I'm Fernando Cruz.
I'm the chief product officer at Opulous.
Started my career at MoSA on the music business.
Started as a DJ by the age of 12, actually.
Then I had the opportunity to-
This is Brazil, by the way, where that happens.
So, don't tell me that.
That's a lot of stuff.
So, yeah.
And I moved, I started as a DJ.
My brother had a big event agency here,
so I started DJing at TZ events.
And then I started studying business administrations,
and I thought about ways about involving music
and business together.
So, started working for a music agency here
that used to book DJs.
So, it was a booking agency.
Then I got partnered into this business,
and we bought a music magazine.
It was a digital website that talk about music news,
specializing in electronic music.
And we turned this website into the biggest
in the industry here in Brazil.
And that's how I met Lee,
because I was gonna found a record label,
and I had to distribute that music
from the record label.
So, ended up meeting Lee.
We had a partnership where we started distributing
my record label through Ditto Music.
We got really good friends.
And then, I believe it was like a year later,
he invited me to join Ditto as well.
So, I sold my part in the business, joined Ditto,
worked with Lee on Ditto,
on a bunch of different projects,
now still some record label management.
At the same time, I'd say we started researching
a lot about crypto, and what we could do
in between crypto and music.
And then Opulous came up.
We had some different ideas,
and we ended up choosing to move on
with the current model that we're using.
So, enabling artists to get funding for the music,
and enabling regular people, regular investors
to participate in the music career,
whether it's buying the music fungible tokens
that we've been selling since last year.
And also, now with the new pools that we're opening,
where people can participate
and provide capital for musicians.
And also, I started Ditto more on the marketing side,
because that's most of my background,
marketing and finance in the music industry.
But then I got in love with the product side as well,
because I also love the part of designing the platform,
making sure technical components are right and functional.
And so my role kind of migrated from marketing to product.
And now I lead all the development, design,
but of course also in connection with the marketing teams
and the whole operations of the company.
Making sure all these crazy ideas
are being put into practice and they're functional.
Me and Fernando, actually,
we live in a house in Brazil in the south of Brazil,
and I probably see him about once every three days.
He's so busy, so we have very different roles.
Like I said, mine's more creative and non-technical.
And then Fernando has to go and unscramble that
into something legible for people to understand.
So it works pretty well.
If you look at any partnership,
there's always one guy who's a bit crazy,
another guy that does the work.
So it's been good so far.
Yeah, can you imagine?
Like Rosil is awesome.
Like I've personally been there in Rio
and it's very cool and the food is amazing
and lovely people there.
That's so good.
Yeah, it's so good.
We're in Farinopolis.
So you'll follow him, Poco Portuguese.
Fernando is like, obviously he's from here,
but it's my favorite place in the world.
Where are you from?
I'm from Mexico, so yeah.
Yeah, I speak Spanish, so it's kind of like,
some kind of, some people can speak Portugal.
I'm almost there, I guess.
I do a lot of work.
We've got an office in Bogota and Ditto,
so we'll eat a lot of reggaeton.
Reggaeton.
It's pretty good.
But there's a lot of Mexican trap.
Mexican trap is obviously huge now.
So it's a really good market actually in Mexico.
But anyway, that's awesome to hear you Latin American.
Yeah, it's growing, it's growing.
It's very cool to see that you're building
now for the artists, for the musicians out there
and for sure as you are in Brazil,
I'm sure you're going to be boosting a lot
of the web trick community there.
We'll discuss later to see if we can
organize some events there or anything.
Yeah, for sure.
But yeah, congratulations.
What you said is pretty true, right?
Because everyone knows about the US markets,
the UK markets where people get, you know,
I mean in Ditto we pay close to 100 million
out a year to independent artists.
And a lot of that is people in the bigger markets.
But the guys, you know, the rappers I work with
in Mexico and Latin America still,
they're quite green to the music industry
and a lot of times they get ripped off, right,
by labels and they come in and offer them deals
and then they're signed to them for the next 10 years
and they don't really understand it.
So that's really kind of the basis of what we're doing,
right, it's like, what would you rather do,
sell your music or record label and have a terrible deal
or, you know, sell some of it to your fans
who are then going to be the best, you know,
fans you've ever had because they're making money as well.
And, you know, as those markets emerge,
I think Oculus is going to be really important in there too.
And we actually, I don't think we have a Mexican artist
actually, I was thinking of the Colombian one we released,
but yeah, it's really good having Ditto
because I have a really good broad worldwide knowledge
of, you know, the different markets and stuff.
Yeah, of course, it's super important to be building products
that are more inclusive, like that are thought on other people
from other regions too, for them to use them too.
So yeah, that's very cool.
That you are thinking on ways to, yeah,
to make it more inclusive for everyone.
So yeah, that's very cool to see, to be honest.
And hopefully, and great to see you on Arbitrum for sure.
And yeah, maybe if we can start, like,
if you can give us an introduction about what is Oculus
and what about their origins?
Like, why did you decide to build it?
I mean, I'll tell you how we built it
and I'll let Fernando go into what the platform does.
So yeah, so basically, like I said,
I manage a lot of arts in England, some really big arts,
and I've got one artist that I manage who, you know,
he signed a record deal, and I think he gets 9% back
after all of his money is spent, right?
So he never kind of sees any money at all.
So the financing of the music industry is terrible,
but at the same time, the banks are making absolutely
millions because they're buying up, you know,
Taylor Swift's catalog got sold for 300 million.
All these catalogs are getting sold
because they make yearly returns of X amount,
and it's usually around 10%.
And it's not like the housing market where you have,
you know, you have to upgrade and you have other expenses.
Literally, when you buy a music catalog,
it just makes the same amount of money forever,
and you can pretty much predict what it's gonna make
based on its pre-earnings on Spotify, right?
It's historic earnings.
So it's a huge market, right?
That's completely dominated by major labels
and banks at the moment.
And that's one thing, and obviously on the other side,
it's like, it's impossible for artists to get finances,
and when they do want to get, like,
we manage, I'm sorry, not manage,
there's an artist on Ditto, you know,
Chance the Rapper, who's obviously, he's a huge rapper.
He, you know, he will make X amount of money a month,
but he can't go into a bank and say,
look, I'm making this on my copyright,
they don't, they still don't understand it as an asset,
but music is actually one of the fastest-growing
asset classes there are,
because it's really, really stable rewards.
So, and on the loan side,
because we also do artist loans where we have a pool
where we will loan money to artists
and then people can then go and stake in that pool
and earn 10%.
That's not, you know, an estimated money
of what they will earn.
Like, if they've earned $10,000 for the last three months,
no, sorry, the last three years,
we know what they'll earn over six months.
Now, they can't go to a bank and get that interest rate.
The bank would charge them, you know, way more,
but, you know, 10% is a great interest rate
to stake on a USDC coin, right?
And it's very stable.
You know, it's not like you're staking on,
you know, a loon or something that can kind of collapse.
So it's a very stable real-world asset coin.
So really trying to fix all the financial problems
of the music industry without the banks
and without the major labels getting involved
and taking their share
and giving that to the community of people
who love that artist's music.
You know, that was always the vision
and that's, you know, that's what we wanted to create.
And I'll let Fernando talk more about the platform.
Yeah, so, on the platform that we were introducing this week,
that we actually released a new website yesterday.
And next week, we open our first pool on Opioid Finance
on a platform that is being built on an arbitrary.
And we're going to find the first pool
that we're going to start with will be the O-Lone pool.
How it works is that people will go into the pool
and they will put the USCC
and Opioid is using that USCC together with Ditto Music
to provide loans to musicians.
This is a thing that Ditto has been doing
for the past years already.
So Ditto has a huge inflow of music deals.
And Ditto is my other company, by the way,
just for anyone who missed that.
Sorry, go on.
Yeah, the distribution company
that these founded over 15 years ago,
really well established in the music business.
And as I said, that's how we met
because that's the best company that I found
to start distributing the music from the record label that I had.
So, but getting back to it,
so Ditto has already huge influx of those advances,
which are the music loans.
And what we're going to be doing is
we're going to provide the capital to Ditto.
Ditto is already managing those deals
and Ditto will pay back Opioid with an interest
and that will be distributed back to the pool.
The way that we structure those pools in a way
is that people will stake the USCC
and when they stake that USCC,
they will get a liquid staking token back
that represents their stake in a pool.
So starting next week,
the exchange rate between USCC
and the old loan token is one to one.
So if you deposit, for example,
a thousand dollars into that pool in USCC,
you're going to get a thousand old loan into your wallet
and you're going to hold that token
and you don't need to do anything
to accumulate the rewards in that pool.
Every month, Ditto will get the money
that it's collecting from those music deals,
will send to Opioid in USCC
and that money will be added to the pool.
And whoever wants to redraw their money from the pool,
if people want to end their stake
and they want to redraw from the pool,
they will use that liquidity
from the pool to be distributed to the pool.
And if people want to redraw,
they can exchange back their tokens
from the, they can exchange back from their tokens,
your loan token back to USCC.
But they don't need to do anything
if they just want to keep accumulating rewards
because every time we collect the liquidity from Ditto
and we add to the pool,
the value of the old loan token will go higher.
So for example, now we are opening a pool
for old loan that has 10% APY
and at the end of the first month,
there will be an increase in almost,
let's say 1%, 0.91% in total
that the value of the token will increase.
So the value of the token will increase
and it will keep increasing
with each repayment that we're doing.
And at the point that you want to redraw your tokens
back to USCC in the future,
you can join the queue
and you can get the liquidity from the money
that we're collecting from the music royalties.
So that's how you're structuring
and that's one of our products
that we're starting next week, which is old loan.
And then in two weeks after we opened the old loan pool,
we're also opening the old loan pool,
which will have a pretty much similar functionality
to the old loan pool.
The difference is that we're not gonna be collecting
that money to provide to artists as a loan,
but we're actually acquiring catalog from those.
We're actually acquiring music catalogs
and we are acquiring music catalogs
from like huge artists and huge songs.
And I'll let Lee talk a little more about OVOTE
and the music that we have in it.
Yeah, sure.
So that was the specifics of how the pool works,
which it's actually not that hard to understand.
It's pretty much the same as Lido, right?
I think one of the most exciting things about our pool
is you get an LSD token back
and then you can go and restake that.
We've got a partnership coming up with an exchange
on our which one, one of our favorites.
And you'll be able to put that token
to their pool on an X rewards
and there'll be a lot of other things
you can do with that LSD token.
So you're not just earning the 10%, right?
And it's actually one of the first LSD tokens
that's not based around ETH or one of the other chains,
but it's a very, very simple mechanism.
On the music side, yeah, we're really excited.
We've got BTS coming up,
so you'll actually get a chance to earn money
every time you play a BTS song.
I don't know if that's up your street, Anna,
but they're okay.
We've got music from Beyonce and Prince
and those are really good historically
consistent catalogs, right?
So not only are you earning a royalty,
you can go on Spotify and you'll make any difference.
I work in music, right?
So it's a really nice feeling when you play a song.
I've said it before, but a song can sound terrible,
but as soon as you're making money from it,
it starts to sound pretty good.
So that's kind of the exciting part about it.
We're also doing a Drop with Tiger.
We've got one of the first singles off his new album
coming out, which is actually really cool
and we just heard it the other day.
So that's really cool.
And the music aspect is obviously
what it all comes back to
and not just making it about staking,
but making it something people get excited about, right?
Community can get behind
and you can get closer to the artists that you like.
Well, that's super exciting.
You shared a lot of alphas right now.
I hope everyone listening to it.
If not, you can release in the email.
Don't worry, this is going to stay recorded.
But yeah, that's awesome.
Like, congrats relations Fernando and Lee.
It's very cool to see how that the,
yeah, the Opelous Finance version one
is here and is happening.
And as you already share information
about how Opelous Finance is working
and also about the liquid staking,
about liquid staking opportunities.
I wonder in like, what's the best way for the community
to get involved with Opelous?
Like let's say, all right, I'm new to Opelous then,
but I find out about Opelous here in this AMH.
So I'm following you on X then joining your website.
And then, yeah, there's other ways for the community
to get involved or get to know more about it.
Yeah, sure.
So first thing, please go into our Telegram group.
We've got a really amazing community
who have been there for a few years.
They're all obviously excited about the Arbiter move.
That was the blockchain we picked out of a lot of,
a lot of different choices
because it's the one that excites us the most,
just from a tech standpoint,
but from the way the foundation was set up
and so many other things to consider really,
but we knew it was the right choice
when we started speaking to you guys.
So that's awesome.
So go in the Telegram group, say hello.
We've also got a promotion on Opel season at the moment
where if you go and do the KYC,
you'll get an airdrop in Opel tokens.
So if you set up with an Arbiter wallet
and deposit some Opelius,
I can't remember how much it is,
then do the KYC,
then you'll get an airdrop of some Opelius tokens.
So those would be the easiest ways.
Yeah, good to know.
That's great to know.
And I would like to ask you like,
what about the KYC or the process to get involved there?
Like can users head over to your platform
and then complete the KYC
or to share their information before the pools are opened?
Yeah, you can do that now.
Sorry, Fernando.
We kind of didn't really wanna do the KYC thing,
but for legalities, it was the best and safest way.
And eventually we'll wanna move to more custodial system
like a Binance where you can just log in and do it as well.
But I'll let Fernando carry on.
Yeah, the KYC is very simple.
We've partnered with Sumsub,
which is probably the biggest KYC provider,
especially when we're talking about crypto.
So everyone that has on some kind of KYC crypto
is already used to the Sumsub in some way.
So people just need to head to our platform.
Inside the pools,
they will see the button to connect the wallet.
And once they connect it,
they will be able to pass KYC.
It's very simple KYC space information.
We're mainly just asking for people
to send the picture of the driver license
and then they'll do that liveness check.
And that's it.
The KYC can be done in less than three minutes
in the platform.
And once they're done the KYC,
they never need to do it again.
So it will be registered to the wallets
and registered to the emails.
So if they wanna register another wallet
using the same email,
they don't need to go through the KYC again.
And so they can start doing a KYC this week.
So that's what they can do on the platform this week.
And next week they can get all ready this week
to start on the Oloan pool.
And we'll also be implementing some partnerships,
which I believe it's not enough yet,
but we're introducing some pools
that people will be able to stake the Oloan token
together with the Oculus token.
And there will be some incredible rewards
for people that provide liquidity
on this decentralized exchange.
And there's also other,
just Oculus pool coming just for Arbitrum users as well
with one of your partners as well,
which we'll announce over the next few days.
So there's loads of stuff they can do.
But honestly, just come and say hello
to the Telegram group.
Everyone's really friendly.
They're all just really excited at the moment
to get the platform out.
And obviously, being on Arbitrum
has really caused some excitement too.
Fantastic, yeah, good to know about the KYC.
And you also mentioned, Fernando,
that about the Oloan function.
So yeah, I want to ask you more about it.
Like, can you go deeper into that?
Like, how is Oloan functioning with Oculus?
And yeah, what's more about this new product you have?
Yeah, let me think about what else can I say.
I mainly gone through the whole functionality
when describing it, but just getting back to it,
it's a quite simple system for everyone to use.
So you just go in there, you stake your USDC,
you're gonna receive the Oloan token.
And then after that,
you don't need to worry about anything else
because you don't need to collect your rewards.
You don't need to worry about the rewards.
They're just gonna keep accumulated
until you decide to withdraw.
And every month, the price of the Oloan
will go higher on the platform.
And when you decide to withdraw,
you just need to enter the queue.
And the money that's being paid back
from those deals are gonna accumulate on the platform.
So when people want to withdraw
and there's liquidity, they can withdraw it.
Otherwise, let's say the queue is quite large
and you would need to wait,
for example, two or three distributions
for you to be able to liquidate your whole position.
You'll also be able to find liquidity
on secondary markets for your token
because the Oloan tokens is liquid staking token.
So at the same time that you have the liquidity,
at the same time that you have the stake in the platform,
you're still holding your token
and you can go on these decentralized exchanges
and trade your Oloan token to Opula's or to USDC.
And we are gonna be integrating some special benefits
and rewards for people that are providing liquidity
on those exchanges as well.
And that should be announced pretty soon.
Yeah, man.
So yeah, it's really simple to use, right?
I mean, that's the technical jargon for it,
but you go and you put your money in,
you get a 10% yield on your USDC.
And I think one of the most exciting things about
not just Opula's but all the real world assets platforms
is in the past we've had things like Una
where people were staking money,
but the yield was kind of,
where did it come from?
I don't know, because as soon as the market's kind of dropped,
the yields kind of fall off.
But the best thing about Opula's is,
this is actual real money
that's being paid back every month from streaming.
It's all pre-programmed to a certain amount
that's gonna come back in.
Everything is very stable, right?
So whatever happens with any of the crypto markets,
because it's a real world asset,
it's not related to crypto,
you're always guarantees that royalty
and it's one of the safest ways to earn a yield in crypto.
And 10% is a really good yield.
It's a bull market now,
but when we get through to different market conditions,
staking platforms obviously always go a lot lower for USDC,
but we will continue on the same one.
And then obviously we have an MFT platform
where we're launching single artists as well,
where the rewards can be even greater.
Super exciting, super exciting to see.
And yeah, I, you mentioned to me
that I found it very interesting
that you said that you consider music
the stable asset class.
I want to know why do you think that?
And yeah, as well,
what kind of music is currently included in O-Vault 2?
Yeah, sure.
Like I said, I've worked in music for over a decade now,
and we had everyone on our books from in the UK,
Stormzy, Dave, Central Sea, Edge Hero,
and all these songs.
There's a reason all the big banks
are buying music copyrights.
They're also buying music loans, by the way.
Now there was a bank the other day
that put 300 million into a fund to give artists loans.
It's because we're now in the streaming era
where you can predict what a song is going to make
over 12 months.
And obviously we're not giving them 12 months money up front.
We kind of do it on a curve
so we know the money will come back.
But it's actually one of the most stable assets there are.
And I said, if you compare it to something like housing,
where once you buy the house, you can have repairs,
you can do this, your money can fluctuate.
Once we put it on Spotify and Apple and stuff,
the stream is very consistent.
In a lot of cases, it goes up for some songs.
So you might see a BTS song that just something happens
on TikTok and it just flies up one month
and then your payments go up.
So music is a very stable asset.
It's also very exciting.
And like I said, every bank is in it right now.
Wells Fargo, JP Morgan,
they're all buying these music catalogs.
And what will happen then is,
the banks will just own all the music industry again,
which is what they want and what the major labels want,
but who better to own the music
than the people that are out there paying for it, right?
Because if you're an artist, what would you rather have?
You'd rather have JP Morgan owning your music
or would you rather have the people
that are supporting you owning your music?
And then it obviously creates a super, super fan
because not only do you love this artist,
but whenever you push it,
there's a chance you'll learn more from it.
So some of my dogs are going crazy.
They just come back from the banger.
I don't know if you can hear that.
But yeah, so it's one of the most
consistently growing assets.
I'm not sure a lot of people are aware about it,
but obviously I've worked in this since
the start of streaming.
So that's kind of why, you know, why I'm so bullish on it.
Super interestingly, to be honest,
I didn't know about what,
I didn't know how to say it.
And yeah, it's very cool that I,
that we, I think we all learned something new today.
So, so yeah, very cool to,
to know more about, about that.
And yes, based on your,
on your background and your experience
and also Fernando is very nice to,
to learn more about it.
And yeah, well, I, I want to ask you as well,
like what are the artists that are expected
to join Opulous, another alpha?
Yes, yes, you're so I say we've got currently an oval,
like I said, we announced last,
a few weeks ago that one of the first artists
will be put in, the option oval is BTS,
but there's also some other K-pop artists in there.
I don't know, I thought my thing to be honest,
but they're, you know, BTS is still one of the,
you know, they're one of the biggest streams in the world.
We signed another songwriter who'd written stuff for
like Beyonce and Prince,
and she was actually in Prince's back in band.
So we signed some of her copyrights.
There's loads of, and actually if you go to the website,
there's a long list of it by the pool
that you can kind of look at.
And I said, one of the,
one of the big ones I'm excited about is,
is the new single from Tiger, from Tiger's album.
Cause we signed it quite a long time ago actually,
and we've just been kind of waiting till,
you know, till we had the right platform to launch it.
But so far we've released loads of artists,
we released Kyle, we had a little,
the Lil Pump song was the first one we did,
but also some really, really amazing artists
from all over the world that are really, you know,
the best thing about Oculus I think as well is,
you know, you're not just getting, you know,
Prince is great and you know, Beyonce is great,
but they're very, you know,
they're very stable rewards.
And oftentimes, you know, they,
you're paying kind of a premium on that catalog.
So it's a bit seeming, but you know, we've got
You know, like I said, I worked with Ed Sheeran right back
in like 2011 or something right before he blew.
So imagine owning a piece of that song now,
and it's still on Ditto, but I don't, you know,
we only do distribution for it.
But what we want to do is help newer artists come through.
And I want to help people, you know,
see those artists and listen to them and get behind them.
And then as they build their careers up,
they will, you know, everyone wins there.
Not just like saying, you know,
I listened to this artist first.
You can say, well, actually owning a piece of this artist's
music and then the games on that will be incredible, right?
So yeah, we've got loads of artists coming through though.
It's really exciting.
Yeah, that's huge.
Some of my favorites are out there.
So yeah, it's going to be awesome to have them here.
Yeah, it's pretty massive in Mexico, right?
Yeah, it's super relevant.
I don't know how big BTS are there.
They're probably massive as well.
But yeah, we need to get some good reggaeton on.
Yeah, we need to have some reggaeton there
and Brazilian songs.
I really love them.
Which songs?
I really like, like, like, of course, like, for example, Pedro Capo,
Faruco, et cetera.
But there are some songs, Abalo Emotional from Luan Santana,
and then Santana from Pedro's and Bayou.
Those ones are my favorite.
We actually, I was actually working with Mariana Mondonca.
Do you know her?
She actually died in a plane crash really young,
which is really sad.
But she was amazing.
She was like, they call it Cetanejo here,
where it's kind of like romantic music.
But she was an icon.
And again, I don't think people from outside of Brazil
understand just how much, you know, if you don't work in music,
you wouldn't know, right?
Because I have to go to these countries
and see that it's not, you know,
not everyone's just listening to Ed Sheeran.
They've got local rap.
They've got local singers.
They've got their own local music.
And those are the ones that actually earn a lot of money
because a lot of them cross overboard now.
I mean, look at J Balvin.
He's from Medellin, right?
And he was, you know, he's all Spanish still.
And he's one of the biggest artists in the world.
And, you know, up until a few years ago,
it was only kind of in the Latin American market,
but then he blew.
So I think, as I said, as well as getting really stable rewards,
we're going to plug you into like new artists coming through all the time.
Because, you know, on Ditto, that's what we've done for a long time, right?
Like I said, we've been able to pick up new artists and see them grow.
And, you know, it's one of the best feelings in the world ever.
Like I said, one of the artists gets big,
but it's obviously even better when you've got a share of the royalties in it.
So that's what makes it so exciting.
It's just a win for everyone, right?
Because, you know, the artist is happy then because, you know,
it gives us a success.
Yeah, it totally makes sense.
And yeah, totally.
As you said, like everyone's win there.
So yeah, cool to see.
That is a brighter path for the artists,
for the musicians out there.
And well, I would like to ask you more about what's coming for Opielos.
Like you already mentioned all the biggest, all the huge stuff,
and Alphas and artists coming to Opielos.
But yeah, maybe are there any developments that we can anticipate from Opielos
or I don't know, an event or anything you're planning to?
Yeah, sure.
I'll let Fernando jump in with that one.
Yeah, sure.
We have shared our roadmap at the beginning of the year,
and we are planning to improve the pools that we're currently releasing
and making some more participation for the Opielos holders into the platform,
creating an exclusive Opielos pool into the platform
where people that are seeking Opielos will get priority access to products
and will also be able to accumulate rewards on a share of the fees
that were collected on the platform.
So these are some components that we'll be upgrading into the pools
for our exclusive audience of Opielos holders.
And we're also planning to bring on the MFT platform
that we currently had running on Algren.
We are remaking some components and smart contracts
from that platform that we had on Algren,
and we're planning to migrate it all to the arbitrary ecosystem.
So that's what we're focusing on the first semester of the year
on releasing these components.
And of course, we want to create more,
we want to make sure that the platforms that we're building
are very user-friendly.
We are studying some ways to do NPC wallets
in a way that will require the users to actually hold their private keys
or all those complicated things.
So they could log in with using their phones
or just using an email or a Telegram account.
So we're studying some ways of making it easier.
Also, integrating some partnerships for credit card payments,
for buying Opielos on the platform,
and buying USCC directly on the platform
to be able to join the pools or the MFT sales,
making it as easy as possible
for not only to onboard all the crypto users
that we have in space and DeFi and crypto in general,
but also be able to capture a new audience
that's coming outside of crypto,
making the platform easy enough for anyone to be able to join
without having any kind of crypto knowledge.
That's one of the biggest points
that we have in target for this year,
making the platform easy,
making it accessible for everyone,
and making it even better
and improve functionalities for the Opielos holders
and the Opielos community.
And another really exciting thing, I think,
obviously right now,
it's basically the MFT platform is where we launch artists
and they launch their own copyright on the platform.
And so far, we've just handpicked the artists ourselves.
But as we redesign the platform,
what we'll be able to do,
any artist will be able to go on Opielos,
set up a page, put their music up there,
and then we voted on by a DAO system,
which will be the Opielos community.
They'll be able to hold Opielos
and then vote for which songs they want to go and invest in.
And obviously, I have 1.3 million artists on Ditto,
so there will be a lot of integration there
to get all those artists on the Opielos platform.
I think it's going to be really cool.
Well, huge thanks for your roadmap, guys.
Thank you for sharing those.
And congratulations for sure.
We'll be awesome to see more about what you're building.
And yeah, hopefully we can have a new AMA very soon.
Maybe we'll be awesome to have as well here with Jansi with us.
I don't know.
Let's see.
Yeah, sounds awesome.
We're always ready.
Fantastic.
Well, I think we are almost finished this AMA,
but wondering if you would like to share something else
to the community or we can just start playing some...
I think we could open up the AMA for some people
to come up on stage and there will be some questions at us.
Do the trumpet sound, though.
Let's see if someone has...
The intro.
Oh, sorry.
Oh, yeah, yeah.
So I'm 100% down for that, for sure.
Just throwing some jokes.
Yeah, let's see if someone has a question.
Please raise your hand or you can share it in the chat.
I see in the chat someone is sharing, like Baris says,
my question is to Lee.
Oh, wait.
I lost it.
Here is it.
My question is to Lee.
Will Apple be listed on another exchange?
That's the question.
So the when buying question, basically.
I can't really talk about exchanges, unfortunately,
because it's...
But we did actually just list on BitGet two days ago
and we're actually very...
Our volumes are very good, so that's always a long-term plan,
but the focus right now is just getting the platform out.
But don't worry, we're always working on things.
Amazing, fantastic.
And I actually see a lot of people here that has Opulus Ambassador.
So you have an ambassador program or...
Yeah, because here we have Nebra's Brofking, 57th Dice.
Yeah, many people that has Opulus Ambassador.
They had a meeting today, actually.
They had a meeting every two weeks.
They had the ambassador's call today.
But our ambassador's team are awesome.
It's a really cool program and they really helped us a lot.
So shout out to all of the ambassadors.
Oh, amazing.
Yeah, they are all here sharing a lot of hearts
and clapping all the time, so yeah.
Revives all the time.
Yeah, cool to see them here supporting for sure.
Yeah, well, I think...
I'm trying to see if there are more questions,
but yeah, for example, Sam is saying,
Opulus's life is speaking about the future with Arbitrum.
Of course, thank you, Sam, for sharing that.
And yeah, Dice as well is sharing about this AMA.
So cool. Thank you. Thank you for sharing.
We got ambassadors.
Yeah, I think that was the last question.
But yeah, thank you very much for joining us today.
It was a blast getting to know what you're building.
Thank you so much.
I'll let you know as soon as you've got the reggaeton in.
We'll do a Mexican event.
Looking forward to here to see some reggaeton there in Opulus.
Well, I've been in Mexico for a few years,
but it was that...
What's that, Daddy?
I guess it's just the same word.
I can't remember what it is.
Juice, is it?
I can't remember, but it was just massive.
Yeah, like, here's a lot of songs,
but right now, that one that came to your mind is really nice.
Shaky. Shaky, shaky, shaky.
It just went...
Yeah, shaky, shaky.
Yeah, romp it, romp it, romp it.
Yeah, so good.
That one is pretty awesome.
Yeah, thank you so much from us as well, man.
And thank you for all the opportunity in itself for welcoming us.
And again, a huge shout out to all the Opulus people for turning up again.
Thank you so much.
And yeah, it's great to have so much support, so thank you.
Yeah, for sure.
Thank you very much for joining us and coming to share about Opulus.
And yeah, of course, we're excited to have you in the fam.
And yeah, let's keep building the ecosystem together.
Let's keep building our ecosystem together.
Thank you very much.
Amazing. All right, thank you everyone.
Take care.
Thank you for inviting me.