Dear BCDC Community,
BASIC X DITTO X BCDC
We are happy to announce that BASIC & BCDC have entered into a strategic partnership with DITTO, the operator of Opulous, a decentralized financial service. With this partnership, the BASIC & BCDC team plans to release the copyright-backed loans & investment products in the future through both BASIC (Ce-Fi) and BCDC (De-Fi) platforms.
What is DITTO?
Founded in Liverpool, the UK in 2005 by the Parsons brothers, former musicians, DITTO currently operates across 22 offices in 19 countries around the world. DITTO is the world’s largest online music distribution platform with 160 digital music stores around the world.
DITTO distributes music of more than 300,000 artists, such as British pop singer Sam Smith, Alex Capaldi, and Ed Sheeran whose latest hit, “Shape of You,” had stayed in the top 10 of the Billboard Single Chart for 33 consecutive weeks
The distributor now has formed a strong partnership with BASIC Finance, one of the largest blockchain-based lending platforms, and BCDC Finance, a decentralized financial platform, in an effort to launch a DeFi service called Opulous.
Once launched, BASIC & BCDC shall leverage their pre-existing infrastructure and investors to provide liquidity to the musicians against their copyrights in order to fund their creative activities via Opulous.