Many cryptocurrency coins have developed and upgraded to reach the promises they made at their launch, with some achieving their promises in a short time such as Stepn (GMT) and Algorand (ALGO). The new coin KLANGAVERSE (KLG) has offered a complete solution, to address problems faced by artists. Can KLANGAVERSE live up to its promises?
KLANGAVERSE (KLG)
KLANGAVERSE (KLG) is a fully decentralized music streaming protocol built on the Binance Smart Chain with a public blockchain infrastructure and many other decentralized technologies. The platform leverages the technology of blockchain to ensure fair compensation for artists, providing a transparent and reliable payment system, and quality music content for the community. KLANGAVERSE aims to give the artists the power to produce and distribute their music in the form of NFTs and get paid by their fans directly into their wallets. The KLANGAVERSE (KLG) ecosystem is decentralized and has a goal to grow with targeted 300,000 community members, artists, and developers by year-end.
The KLANGAVERSE (KLG) ecosystem is powered by its crypto token called KLG which would be used for the payment and management of artists and fans. Hence, this allows artists to decide on how revenues raised from their minted songs will be split among the teams based on the different songs minted on the KLANGAVERSE ecosystem. The statistics of the minted songs in the form of NFT serve as the foundation for revenue calculations for each artist in the KLANGAVERSE ecosystem, in which the data is open to the public. Its immutability can be verified by comparing the transaction history.
KLANGAVERSE (KLG) also promises to introduce additional governance mechanisms such as the KLANGAVERSE DAO (Decentralized Autonomous Organization) used for voting on artists’ revenue sharing, new features, and a variety of other possibilities which will also be transparently stored in the KLANGAVERSE smart contract.
STEPN (GMT)
Stepn GMT) is an NFT-based fitness app that was launched early this year but has amassed over 3 million active monthly users. This is quite impressive for an app that requires you to buy an NFT just to use it. Many have described the app as “Strava meets Pokémon Go.” The platform became extremely popular in April on Crypto Twitter and among Web3 circles.
Stepn (GMT) is supported by the Green Satoshi token (GST), which you earn fractions of for walking, jogging, or running; the amount of GST earned depends on the level of the NFT sneaker you bought. Stepn signifies a proof case for NFTs with real utility. Many crypto enthusiasts in Web3 believe this is where NFTs are headed, beyond a pure digital flex case and into the world of actual use cases. Stepn’s GST (Green Satoshi) token is currently trading at $1.0 which is a decent amount to invest.
Algorand (ALGO)
Algorand (ALGO) is another powerful cryptocurrency that is currently on the rise. It has refused to be affected by the current dip in the world of crypto, it has instead bypassed the dip making a name for itself. ALGO has increased by a decent 10% and emerged number 30 in CoinMarketCap this week.
Algorand (ALGO) has achieved the feat of becoming the official blockchain of one of the world’s most influential, and largest sports organisations by partnering with FIFA for the upcoming world cup. This has not only been a welcome improvement on Algorand (ALGO) but has had a massive impact on its popularity and success. This partnership will surely secure the coin’s global reputation for the next couple of years.
Algorand’s (ALGO) main selling point is its commitment to sustainability in this cryptocurrency world that’s bothered with issues of sustainability, which is believed to become more crucial in coming years. Algorand is already setting itself up for future success as it pledges to be the ‘greenest blockchain with zero carbon footprint.
So if you are looking for a great new crypto to buy, try KLANGAVERSE (KLG) with its great features which are sure to make it very popular and it could in time rival giants Algorand (ALGO) and Stepn (GMT).