What is Klangaverse?
The music industry generates revenues of more than forty-three billion dollars annually. Artists, however, only receive 12% of these funds, which hardly seems fair. To add insult to injury, artists have little or no control over the dissemination and streaming of their music.
Klangaverse will solve these issues by allocating adequate compensation to artists and content creators, removing intermediaries like YouTube and Facebook. Technically speaking, KLG is a fully decentralized streaming platform built using Binance Smart Chain (BSC). It boasts a public blockchain infrastructure.
In terms of the actual process, KLG will give the power back to the artists, who can utilize Non-Fungible Tokens (NFTs), and the payments they receive from fans will go directly into their wallets.