Wallets on OPUS: Q&A Session 8
We’ve answered more questions this week and we’re welcoming another artist: Illuminertia! More about the project below.
1. Have you looked at options to accept credit cards and purchase OPT directly from the platform?
We have looked at a large variety of options to make this possible. Accepting cards on the Opus platform would make it very accessible so this issue is important to us. While we figure out exactly how to do that, the situation will be such that users will have to purchase tokens from exchanges first, but as soon as find a solution, this option will be available.
2. Are you considering letting OPT be staked on the platform and give the user some rights for making decisions, proportional to the number of tokens owned?
This solution would make the platform more decentralized, which is precisely what we are going for. From a technical standpoint this is certainly possible and we are looking at different ways to use DAO on Opus. The final decision of whether or not we will implement this will depend on tests we are planning to carry out directly after the launch of the platform. We’ll talk more about this soon, so stay tuned.
3. Will users be able to set up a wallet on the platform?
Accessibility and security is a vital aspect of the platform. Users will be able to set up their wallets from the account settings panel on the platform. This will be a simple, fully secure process.
4. Does Opus plan to embrace any fan royalty distribution or crowdfunded music production for artists using the platform?
Regarding fan royalty distribution, it is possible to set up a smart contract that would automatically distribute part of the artist’s revenue to selected fans. Crowdfunding music production is also very much doable. Engaging our community is something we take very seriously and want to do as much as possible. The implementation of both functions will depend on extensive tests we will carry out after the release of the platform and the subsequent reaction of our users.
5. Are you still planning to have an offline mode, where tracks can be downloaded and listened to without an internet connection?
The short answer to this question is: yes, definitely! The only thing that could potentially hold us back are legal matters. We have worked out most of the details from a technological standpoint and we are ready to roll out this function, but we cannot include this function until our lawyers have finished their legal analysis of the situation. As soon as we get the green light from them, you will be able to listen to all your favorite music without an internet connection. We would kindly ask our community to have some patience with this matter and to understand why we are giving a non-definitive answer like this. The blockchain sector is still very new and there are still lots of things for lawyers to figure out. We are being careful to ensure that everything we do is up to the highest standards.
6. Are there plans to launch a free version of the player, where artists could offer selected tracks to get people interested in Opus?
We would like to take this opportunity to thank our community for the constant suggestions! A fresh take on this project and new ideas always help us optimize the platform and make sure that there is nothing we’re missing. Now, to answer the question, for the time directly after the release of the platform, there won’t be a free version because we would like to stay ahead of schedule and not delay the release. However, as soon as the first version will be ready to roll out, we will get to work on a free version of the Opus player.
7. Will subscriptions have limited devices per user or IP addresses to prevent abuse?
Security is among our top priorities for the platform. We will be monitoring the traffic and filtering out anything suspicious to prevent abuse. There will be a variety of protective measures in place, such as limiting the devices per user.
8. Existing streaming platforms generate additional revenue by selling advertisements. Will Opus sell ads in exchange for OPT?
For the time being, we are not planning to sell ads on the platform because we would like for Opus to be as decentralized as possible. In the future, though, this might change. As the crypto and blockchain community grows and the gets adopted into the mainstream, we will take into account various protocols and systems that would allow us to sell and manage ads in a decentralized manner.
Illuminertia is an umbrella for music releases and audio-visual collaborations created by Eric “Modean” Mantras (DJ Mantras), who has been a resident DJ for Ecstatic Dance events in the Bay Area, CA. For two years, he performed at the monthly Zodiac events held at Guava in Emeryville, CA. The music itself is global bass music layered with soothing, hypnotic melodies.
“DJ Mantras has two distinct styles: one tribal and rooted in festival culture and healing sensibility, and another side that includes hip-hop and rap overtones. We appreciate the dichotomy of Illuminertia, as they aim to bring together 2 worlds that find ways to compliment each other. There’s an array of drumming, didgeridoo and electronic beats, an alchemy of sound that invites the listener to explore Illuminertia’s unique soundscapes.”
Illuminertia is excited to share the latest hip-hop release entitled ’Station’ with the world. It’s a revolutionary hip hop album that breaks down all previous stereotypes around what’s possible with the art form. The goal is to utilize the music to deliver vital information to the people of planet earth in a creative and inspiring way. This album reflects the power music has to motivate us to be the best version of ourselves in a world where we are experiencing both extreme breakdowns, as well as incredible breakthroughs. This is really just one component of a larger project that involves music, film, television and activism.
Illuminertia is an artist to look out for on Opus. Read more about him on Facebook, Twitter, and Instagram; and listen to his music on Soundcloud and Bandcamp. You can also check out this amazing interview with DJ Mantras.
More updates to come…
Our next development update is coming in one week, on Monday. In the meantime, please keep sending us more questions on our form, Discord, Telegram, or via e-mail at email@example.com.. You can also track our progress on Facebook and Twitter.
We also encourage more artists to join us in revolutionizing the music industry by filling in this form or dropping us an email at firstname.lastname@example.org.