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Opulous (OPUL) rallies 785% as fans dig the sound of NFTs in the music industry -Breaking

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Analysts believe that the potential use of NFT technology in nonfungible token (NFT), will go beyond tracking unique images of varying rarities. They could also be used to extend the reach of the technology’s application. Developers, corporations, and artists are already considering tokenizing all assets. Some have even tried NFT-based tickets for concerts and passes to sports.

Opulous (OPUL), a NFT protocol that focuses on tokenizing the music industry, has gained traction since September. This project is aimed at empowering musicians to the point that music rights could be used as decentralized financial assets (DeFi).

OPUL/USDT 4-hour chart. Source: TradingView