Ditto has launched Opulous, a peer-to-peer platform to help increase artists’ access to capital without the need for traditional institutions such as banks.
As a global music distribution and record label services company, Ditto has processed more than $1 billion in royalties to date.
Now the company is rolling out a decentralised finance (DeFi) offering backed by music as an asset class. Opulous will function as a loan pool that artists can borrow from and also contribute towards.
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