Klangaverse (KLG), Monero (XMR) and Internet Computer (ICP)
Cryptocurrency is emerging, and there is greater adoption of decentralized infrastructure worldwide. The future possibilities of this new technology have driven most of the current market capitalization to new heights and are expected to rise more in the future. However, the market is not always in the bull phase.
The crypto market is dwelling in the bearish phase and is expected to shift into the recovery phase soon. Wiping away more than $2 Trillion from the entire market, it is the best time to put money into new projects with a promising future and the potential to make a change in the digital space.
The music industry in the crypto space is new and has a lot to discover. Projects focusing on the music industry can bring a massive change to the community. However, the music industry is suffering from problems that artists and music professionals are suffering due to the complexity of the infrastructure.
Klangaverse (KLG) has taken its first step in the music industry. It is a new cryptocurrency that gives artists the authority to produce and distribute their music as Non-Fungible Tokens (NFT) and gets paid by their fans directly to their wallets.
Klangaverse (KLG) is a decentralized music-sharing platform dedicated to making the experience for music listening, creation, and management engaging, fun, and smooth. This platform comes with the goal of the ultimate NFT Music Platform, gathering the artists, listeners, and the professional all-in-one app and network.
It is focused on helping artists build a fan base, generate money for themselves, and cut out the middleman. Fans will be able to earn royalties while streaming their favorite songs and albums, to become more connected with the community and with artists. In addition, artists will have the power to produce and disrupt their music in the form of NFTs and get paid by fans directly in their wallets.
Klangaverse (KLG) NFT platform will connect fans and audiences with favorite musicians, artists, and singer-songwriters. The ecosystem will allow users to use KLG tokens to trade Non-Fungible Token (NFT) and support their favorite albums and songs. Additionally, Fans can engage in discussions and debates using the “MUSIC KLUB” feature with other members of the KLANGAVERSE community.
Monero (XMR) is an open-source project with so-called ring signatures and hidden addresses that help hide the identity of the sender and recipient. Transactions done with this platform are not visible to others, and users are often their “own bank” as no one else can see or control the user’s transactions.
Its particular cryptography will ensure all its transactions remain 100% unlinkable and untraceable. It focuses on addressing issues of scalability that many other cryptocurrencies struggle with. This platform is secure and private, allows users to hide their identity, and does not mention the value of transactions with its untraceable currency system.
Its transactions are confirmed by distributed consensus and then recorded on the blockchain. Monero (XMR) offers all advantages of a decentralized cryptocurrency without any of the usual privacy compromises. In addition, it values propositions as compared to other traditional cryptocurrencies.
Internet Computer (ICP)
Internet Computer (ICP) is a native one of the first blockchains in the world that runs at web speed with unlimited capacity. This platform aims to be a decentralized web infrastructure run by nodes, intelligent contracts, and censorship-resistant websites.
Running on a prosperity protocol, this platform aims to work towards extending the internet and making it a solution on which the entire world can quickly build. Its web infrastructure has significant advantages, allowing intelligent devices to verify the authenticity of artifacts from its platform. The open-source nature of Internet Computer (ICP) will allow changes to be easily implemented. This platform consists of blockchain, identity, and notary layers.
The music sector in the crypto space is still in baby steps. However, it has an immense potential to provide unique features to its users, especially music professionals. Trading Non-Fungible Tokens (NFT) will be easier than ever with Klangaverse (KLG).
Monero (XMR) and Internet Computer (ICP) have their drawbacks like other cryptocurrencies. Not many wallets have been developed for Monero (XMR), which acts as an obstacle to trading and its adoption in the crypto space. Whereas, Internet Computer (ICP) has seen large leaps and recessions in the past few months, which might affect its sustainability in the future. Klangaverse (KLG) is still in the presale stage and focuses on an untapped sector of the crypto space, which can give massive profits to its users. It has an immense potential to make you the next crypto millionaire in the future.