Blockchain crypto does not appear to have transformative potential for the creative industry. Blockchain has become very important to the world wide web. Although this technology is in its early days, the Klangaverse (KLG) has already begun to explore many possibilities.
The internet has reorganized the music industry. This re-organization is evident in streaming services’ growth over the years. This growth, however, has seen a shift in music consumption from ownership to access. This shift has led to a blur for creators and consumers, disrupting the industry’s cash flow.
Blockchain technology seeks to radically simplify how music rights are identified and compensated, resulting in sustainable business models for entrepreneurs, artists, consumers, and music professionals. Although blockchain technology is in its early days, it holds tremendous potential to revolutionalize the music industry.
Klangaverse is the blockchain solution provider for the music industry’s problem. It is a fully decentralized streaming platform built on the Binance Smart Chain with public blockchain infrastructure and other decentralization techniques. The Klangaverse however, allows artists to distribute their music in the form of NFTs, getting paid directly into their wallets.
In addition, this blockchain’s decentralization effectively eliminates profit-sucking intermediaries in the music industry. The community that the Klangaverse ecosystem aims to build is all-encompassing. It will cater to not just artists alone, but also developers, and Klangaverse community members.
Binance is a cryptocurrency exchange based on daily trading volume. Tokenized by BNB, the Binance network includes – Binance Academy, Binance Chain, Binance Smart Chain, Trust Wallet, and Research projects. All of these networks employ blockchain technology to deliver new-age finance.
How Will The Klangaverse (KLG) Music Blockchain Surpass A Network Like Solana (SOL)?
Solana is a very active open-source project that uses blockchain technology. Tokenized by SOL, it adopts the permissionless nature of blockchain technology to provide a decentralized finance solution to the crypto world. However, the Solana network is famous for its scalable protocol, which boosts usability.
Unlike Solana, Klangaverse is a more central-focused blockchain. This helps boost delivery because rather than doing everything blockchain, it focuses mainly on the music blockchain and how to improve it.
Klangaverse is the ultimate NFT music platform gathering the listener, artist, and professionals in one easy-to-use platform. It functions as a marketplace where all things music happens. This platform aims to bridge the gap between music creation, platform, and payments. The functions and features this platform offers its users aren’t to be missed out on.
Klangaverse Built For Fans, Artists, And Everyone
With Klangaverse, there are no record labels to exploit artists and fans, who are the consumers of the artists’ music become the record labels. The Klangaverse platform allows fans to bid on their favorite artist’s music. The music on the Klangaverse platform will be released as NFTs that fans can bid on.
Klangaverse platform tokenized by KLG. KLG is the native currency of the Klangaverse platform to be used for a transaction to occur on the Klangaverse blockchain. Also, the Klangaverse platform will build a community where musicians, music lovers, fans, and even music professionals can hold discussions as relates to music. This discussion platform will be known as – Music Klub, and it is open to all members of the Klangaverse community.
The Klangaverse game is a play-to-earn model that allows users to earn as they play. This type of gaming will enable players to generate income. However, to participate, players are expected to make an upfront purchase of an in-game asset to qualify to play the game and earn crypto assets.
The Klangaverse token is merging the concept of decentralized finance and blockchain technology to bring a fun project that capitalizes on the music industry while allowing users to earn.
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