How Klangaverse, Aave and Eos are liberalizing access to the NFT ecosystem

Non-fungible tokens (NFTs) burst into the world with the purpose of tokenizing values ​​that come from lifestyle trends in culture, art, music, digital solutions and even fashion. Along with the rise of cryptocurrencies, NFTs have become a force to be reckoned with when it comes to investing in digital assets.

Sales of NFTs hit $25 billion in 2021. The numbers reflect investor optimism about the likelihood that they are here to stay. There are many blockchain-based platforms available today that liberalize access to NFTs and help anyone with internet access to monetize them.

If you are looking for similar platforms, consider checking out Klangaverse (KLG), Aave (AAVE), and Eos (EOS).

Klanaverse – Where artists produce and distribute music as NFTs

Built on the Binance Smart Chain, the decentralized music streaming protocol enables artists to produce and distribute music as non-fungible tokens while being paid directly into their wallets in the form of cryptocurrencies. The platform is powered by robust public blockchain infrastructure and a variety of decentralized niche technologies.

The Klangaverse network has its own native cryptocurrency token KLG which can be used for all transaction purposes such as staking, yield farming and earning rewards that users can encounter on the platform. Users can buy tokens on pre-sale.

Klangaverse aims to solve many existing challenges currently plaguing leading streaming platforms. Artists no longer have to worry about sharing ownership of their work. The music they produce is exclusively owned by them, that’s right and – without interference from third parties.

Next, a common criticism among artists is the disparity in compensation and lost royalties. With near certainty, artists who do not employ royalty managers tend to lose out on royalties to the major music and record companies.

Klangaverse aims to eliminate these obstacles by building a decentralized music sharing platform that ensures fair compensation to music artists by harnessing the potential of blockchain technology. The platform has a transparent and secure payment mechanism that ensures that artists receive their rewards.

Music artists and fans can use KLG Token to buy NFTs while paying zero gas fees. This feature makes it an affordable music streaming tool for fans as well. Klangaverse also has an exclusive ‘MUSIC CLUB’ forum where community members can participate in discussions and interact with like-minded people.

In addition, artists at Klangaverse will be able to collect funds for their projects. All they have to do is release an album or song as an NFT and fans will be invited to bid on them. The mechanism creates both scarcity and demand, which ensures that artists get the best price for their work.

Also, there are rewards to be earned for participation as well. For every NFT minted by an artist using the KLG token, they will receive instant rewards. The artists can also share these rewards with their production teams. In the meantime, the transaction fee charged by Klangaverse will go towards the platform’s development.

As part of its efforts to keep the token value stable as crypto prices decline elsewhere, the platform has introduced a mandatory two-month vesting period for newly minted KLG tokens. Tokens set aside for the Klangaverse team will also have a lock-in period of 12 months.

Aave – Cost-effective and seamless cryptocurrency lending

Aave is a decentralized open source liquidity protocol that allows users to lend and borrow cryptocurrencies. The blockchain-based network has its own native coin, AAVE, which can be used for transaction purposes such as staking and yield farming. It follows a decentralized autonomous organization-style governance structure where users can vote for any proposal to add new features to the platform. Aave also offers a community-driven program called Aave Grants DAO that funds ideas submitted by developers to help the platform evolve.

Eos – operates robust digital infrastructure

Eos is a high-performance blockchain network that helps developers deploy secure and compliant digital infrastructures. It also has a developer portal where developers can acquire new skills by accessing informative tutorials.

EOS is the original token launched by the platform and used for transactional purposes such as staking and yield farming. By purchasing EOS Tokens, users also get to participate in the platform’s management and development.

Klangaverse (KLG)

Pre-sale: http://bang.Klangaverse.com/

Website: http://Klangaverse.com/

Telegram: https://t.me/KlangaverseOfficial

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