Klangaverse is a new project that is changing the way music is distributed. It is probably the ecosystem’s first decentralized music gaming and streaming platform. It promises a whole lot of possibilities for music lovers around the world. As a new project, it is normal for potential users to be skeptical about it, withstanding the test of time. Investors and music enthusiasts would be curious to know if Klangaverse would become as famous as Ethereum and Sandbox.
While we don’t have a direct answer to your questions, this piece would do well to address why Klangaverse may become the next big platform in the Web3 space.
Keep reading to learn more!
It is not news that Ethereum is the top altcoin in the crypto space. Although we can not say if Ethereum will remain Number 1, we can agree that it is a worthy example for other projects to look up to. What made Ethereum the top altcoin project in the ecosystem?
The countless use cases of Ethereum have driven wide demand for the projects and its native token. Ethereum expanded the vision of Bitcoin to be a decentralized payment network and established a network of decentralized applications. With its smart contracts features, developers and creators can build unique products such as games, financial applications, internet browsers, identity management, advertising, social networks, and a wide range of other products.
Of course, that is not all to Ethereum. However, it is a quick summary of how it became the second most powerful protocol.
Sandbox is an Ethereum-based virtual gaming platform that allows users to create intriguing virtual experiences.
People need digital pieces of land in the Sandbox, so users must purchase land tokens (NFTs known as LAND) to start creating virtual experiences. Sandbox also provides tools like VoxelEditor and Game maker to enable participants to create relevant experiences. Users can utilize the VoxelEditor to create in-game assets and change their bare land look. The Game maker tool is for developers to build virtual games that users can play in the Sandbox.
Aside from the LAND NFTs, other in-game assets are also NFTs, such as avatars and equipment. To purchase these NFTs (LAND and in-game assets), participants need a Sandbox native token, SAND. SAND is the token that enables users to make purchases, make transactions, and govern the DAO.
The music industry has been very profitable, but the creators of good music struggle to make much. Why so? With the advent of streaming platforms, musicians thought it would be best to use them to make their music accessible to a global audience. While streaming platforms give musicians their desired reach, artists barely receive enough compensation. Artists receive peanuts per play against what the streaming platforms make from listeners.
Klangaverse saw some of these problems that centralized streaming platforms posed for music creators and thought to make a change. They created a platform built on blockchain that allows music makers to mint their songs as NFTs. We can think of Klangaverse as a decentralized NFT marketplace for musicians and music lovers to interact.
In addition to that, Klangaverse is introducing gamification to the music industry. With a small investment, users can play music games, use instruments, and even create music to earn rewards. For instance, a user can play lessons on Gibson guitars. There are also numerous other instruments made available on the platform. However, before using these instruments, a purchase must be made with the Klangaverse native token—KLG.
The KLG token is also useful for receiving payments, earning rewards, and voting. Yes, voting! There would be a klangaverse decentralized autonomous organization (DAO) where token holders can decide on Klangaverse features, artists’ revenue distribution, and other crucial stakes.
The Klangaverse holds a lot for music enthusiasts. Some of which we can not cover in this short piece. At this point, we can all agree that Klangaverse is a worthy project to look out for in the Metaverse space.
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