The price of OPUL, a popular NFT coin project, has started climbing the crypto charts after the successful launch of the first “security-NFT” sale and extensive cross-chain capabilities aimed at launching tokenization in the music industry.
NFT coin project took flight as a result of these developments
One NFT project that has garnered interest since September has been Opulous (OPUL), a protocol focused on the tokenization of the music industry. The project claims it is geared towards empowering artists to the extent that music rights can be used as value-backed assets in decentralized finance (DeFi). According to the data, OPUL has climbed 785 percent since dropping to $0.635 on Sept. 29, and recently broke the all-time record to $7.60.
Behind Opul’s rise is the successful completion of the first S-NFT sale. Opulous has partnered with artists Lil Pump and Soulja Boy to drive the S-NFT sale for their song Mona Lisa, which reached its maximum goal of $500,000 raised in less than two hours.
Apart from that, a secondary factor that worked in OPUL’s favor was the cross-chain capabilities of the tokens and the support of several major centralized exchanges (CEX) and decentralized exchanges (DEX) which helped increase traders’ access to the token. OPUL received support from several major exchanges at its launch, including KuCoin and Gate. The token is currently launched on the two largest DEXs in the crypto ecosystem (Uniswap and PancakeSwap). Finally, the growing popularity of NFTs seems to have paved the way for Opulus’ recent rise.
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