Klanaverse and Shiba Inu – how the two NFT protocols compare

by James · August 29, 2022

The non-fungible token (NFT) sector is growing rapidly, and it should come as no surprise that blockchain platforms are incorporating it as part of their project. NFT project investors are on the rise and it has continued to flourish due to a bullish cryptocurrency ecosystem. Klanaverse (KLG) and Shiba Inu (SHIB) are no strangers to the NFT sector.

NFT is blockchain data that connects physical assets to digital assets. This data is different and cannot be traded in the same way as other assets. The nature of these digital collectibles ensures that they cannot be replicated. Since NFT became a popular aspect of cryptocurrency, it has transformed various sectors.

NFTs advocate decentralization. It promotes peer-to-peer transactions by removing all forms of chain of command. A positive feature of NFTs is that they can depict ownership of digital assets. Digital assets can be certified as original via NFTs, effectively reducing piracy.

Shiba Inu (SHIB) platforms have many NFTs. These NFTs can be purchased to support Shiba Inu coin owners. Klanaverse (KLG) allows artists to release songs as NFTs. Fans can bid, buy and hold their own distinct NFT. Easily, fans can purchase NFTs to support their favorite artists and musicians. All this is possible at $0 gas fees!

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Why choose Klangaverse over Shiba Inu?

Musicians face many difficulties when it comes to ownership and finances. Artists distribute songs via streaming platforms; such platforms are responsible for choosing what happens to the song at any given time. Royalties from third parties are handled poorly and carelessly. The KLG platform has been developed to solve these difficulties.

KLG is an NFT music platform built for artists and fans. It is a music sharing platform that uses blockchain technology to ensure fair compensation to artists, a transparent and reliable payment system, and quality music.

content for the community. It is decentralized and promotes direct transactions between the artist and the fans.

Artists make their own decisions, not label holders. An artist can decide how the revenue from his featured songs will be distributed among his team. Artists and fans have access to Klangaverse’s original token; KLG. This symbol helps them access decentralized governance.

The Klangaverse ecosystem also provides incentives for early buyers. Buying the KLG token with the SHIB token on the presale gives holders a 24% bonus. Similarly, holders can get a 15% bonus when they buy KLG with Bitcoin (BTC).

Shiba Inu’s Fluctuations

SHIB started as a meme coin and gained massive popularity and appreciation due to a tweet sent by the world’s richest man, Elon Musk. Over the past two years, the value of the Shiba Inu has fluctuated, generally increasing with tweets from famous people to decreasing with no influence at all.

But in recent months the Shiba Inu has plummeted. The investors in SHIB have reduced massively. It is not surprising because meme coins generally become popular due to influence and rarely their effectiveness.

Without a doubt, SHIB was one of the most popular tokens in 2021, but it has experienced a lot of volatility over a few months. Investing in Shiba Inu is considered very risky. There is no doubt about the longevity of the Klangaverse. The decentralized society promotes the long-term development of the musical ecosystem. It promotes real usage, better rewards and popularity that is not dependent on a social media trend.

Conclusion

Overall, the advantages of Klangaverse (KLG) outweigh the advantages of Shiba Inu (SHIB), which are full of high volatility. The Klanaverse (KLG) ecosystem has a better long-term reward system.