Masses haven’t always been receptive to the idea of cryptocurrency. The primary reason for non-reliance is the associated non-reliability or the risks coming with the investments. Although crypto has borne fruits for many investors, some are still reluctant to give it a shot. These kind souls are unaware of the fact that fortunes are made out of risks. We never endorse blind bets, and enough information must back investment in any asset. You’re putting your money at stake, meaning you must be well-versed in how a particular channel works and what goes on the backend. Only then does one stand a chance of making a potential profit.
There are thousands of coins already circulating in the market, but there are few worth your attention. The majority are nothing but bad projects, so you better not fuss over them. Instead, invest your time and money in choices that are viable in the long run. One such coin is Klangaverse (KLG), which is still in development. In this editorial, we’ll delve into a couple more options you may go with and earn profits. Let’s dive in.
Decentralization is the concept that obliterated the banking system in its first attempt – monopolizing the novice crowd. Next, it’s all set to extend its roots down to any domain it may come across. This time, it’s the music industry. Shortcomings and flaws are always there in any system. The point is to offer a solution to those issues and enable the masses on a large scale to adapt that solution. That’s what makes the difference.
You’d be surprised that the Music Industry generates around 43 Billion USD, but hardly 12% goes to the actual artists. The content is stolen and streamed by third parties depriving artists of their right to make money from the time invested in creating songs.
Klangaverse (KLG) offers a solution by bridging the gap between the artists and the listeners by entirely switching the industry to a decentralized formation, kicking out the need to involve third parties. Klangaverse (KLG) would be a music platform, allowing its members to build a connection with their loved artists directly. Not only would it help artists generate more profit, but more artists will come in, seeing the potential being appreciated. Thus, keeping it alive.
It would be built on the Binance Smart Chain, a music platform that’ll have its native token. The artists would be paid for these tokens. It’ll be more of an NFT song which means that only the artist would have absolute authority over their creations, which means anyone streaming the Music would do nothing but fill the respective artist’s pockets. Streamed Music will bring 20% royalty distributed to the stakeholders or the members on board. Moreover, the community will decide which direction the project will go in. Members will have their say on what decision to implement and which to walk over.
Source: The Daily Hodi
Talk about Decentralized Applications and the platform to deploy these applications, and Ethereum (ETH) instantly lights up in mind. Avalanche (AVAX) works on the same analogy; the solution it brings forward is the relatively cheaper side and efficacy in multiple ways. Avalanche (AVAX) has its native coin that went up by 3000% in 2021, which depicts how potentially viable this coin is. Multiple chains are joined together to create this sort of system. The flow of information is distributed; thus, it’s quicker, and data gets across in merely a couple of seconds without congesting and creating a deadlock. That’s primarily the reason why Avalanche (AVAX) is much appreciated.
Both of the coins hold the potential to flourish, but the problem that Klangaverse (KLG) caters to is much bigger than the Avalanche (AVAX). With Klangaverse (KLG), the gap would be bridged, enabling the artists to get a return without suffering unnecessary deductions. Join the ethical investment community and leverage the feel!