Learn about the latest developments in NFTs
The technology world does not stop - we already know that.
But if there is one segment in this whole universe that doesn’t seem to be calming down anytime soon is the NFT one.
Therefore, we feel like it’s our obligation to update our Klever Family with what’s going on in this area, as well as comment on the latest news for our own improvement with Klever’s NFT marketplace, Devikins, and more.
Are you ready? Let’s go!
Royal.io: the perfect deal for artists
This topic is shaking and “bouncing” in the crypto-verse.
The name is Royal.io and they are causing some fuzz amongst NFT enthusiasts because now we seem to be getting closer to a big change in the music industry.
Going a few steps back, it’s no news that musicians have to deal for a while now with big record labels and their greedy hands on the artists’ work.
Even if it’s not that greedy, it became natural to see some abusive contracts.
And if you think this only happens to new or small artists you are mistaken.
One notorious situation was the huge pop-country singer Taylor Swift: she lost most of her songs’ royalties to her previous manager, Scooter Braun, and had to record a lot of her previous work again.
Because of decentralization and technologies like blockchain, it is no surprise that someone who has a keen interest in both the technology world and in the protection of their creative work would come up with some kind of solution.
Early this year, creators of the platform Audius already spread their message, saying: “hey, it’s time to make our own money with our music and let the people share it with us!”.
But now, the new sensation is Royal.io. Created by the electronic music producer Justin “3BLAU” Blau, the platform is a new way to share your music and sell your royalties directly to the audience with no intermediaries whatsoever.
Using the traditional record industry model (80% for the label and 20% for the artists of all future royalties), Royal.io intends to switch it to the other side, where artists would have 80% and Royal would take a cut of primary sales under 10 percent, as well as a cut of secondary sales.
Now, global artists as The Chainsmokers, Nas, Logic, Stefflon Don, Kygo, Joyner Lucas & Disclosure are becoming Royal’s investors, and together they have closed a $55M Series A round led by a16z with additional investment from CAA and NEA’s Connect Ventures, Crush Music, Coinbase Ventures, Founders Fund, and Paradigm.
CoinDesk explained more as they talked to Blau in their interview about the platform:
“Limited digital assets, or LDAs, are the backbone of the system, Blau explained in a call.
An artist decides how much of his or her royalty share to reserve for LDA-holding fans and how many “official editions” to mint for a given song. Royal then facilitates the sale of those LDA tokens, generating cash for the artist and the possibility of future income from the song owners.
A song with 100 “official editions” might entitle each holder to 0.5% of the royalties it generates, Blau said”.
You can learn more about Royal.io on their website.
Devikins first closed Beta and new videos
Our favorite small ‘demons’ are on their way.
The Devikins RPG/NFT game has just closed the list of their 100 selected lucky users who are going to test the game and jump into the Void this December.
Devikins’ team also released November the first alpha game player trailer, showing the main Devikins phase one feature: the Devikin Training Gameplay. In case you haven’t seen it yet, watch now:
Devikins - Alpha Gameplay Reveal Trailer
Another great release that got the Devikins’ fans on the edge of their seat was the Store and Procreation Gameplay Reveal Trailer. Check it out:
Devikins - Store and Procreation Gameplay Reveal Trailer
Klever’s NFT Marketplace taking awesome shape
And last, but surely not least, we have to give some updates on our NFT Marketplace:
First and foremost, Klever will have its own cross-chain marketplace, allowing the support for many blockchains in our system. So, even if it’s Ethereum-based or based in other cryptocurrencies blockchain, we’ll provide the bridge between them.
To complement that, Klever’s NFT Marketplace will also be Swap integrated for payment - if you don’t have the NFT’s required crypto, you can swap it with your currencies when purchasing it.
The Marketplace will work with an Auction and closed price model, meaning that you can offer your NFTs for the highest bidder (Auction) or to the person who pays the required amount (closed price).
All of that, of course, with the lowest fees and taxes in the market.
Remembering NFTs
The era of NFTs is already here - we all know that.
But it’s astonishing to see the rapid evolution of it and the way people are finding new formats to adapt or to bring solutions to previous problems with the non-fungible tokens accessibility.
If you are still a bit lost with it, you can always come back to some of our articles about NFTs and their universe.
And if we could give you some advice, we’d say: don’t waste any time being behind it. If you don’t know about it, update yourself and get into it. You’ll not regret this Klever decision.
Read:
The world of NFTs: what does it mean? - by Maluh Bastos
What really rocks in NFTs? - by Jagdish Kumar
Celebrities dig deeper into the crypto and NFT universe - by Maluh Bastos
5 NFT Projects that you need to know - by Jagdish Kumar
5 NFT projects to keep an eye on - by James Enajite
Watch:
NFT - Digital ownership evolution
#KleverInsight: #NFT - Digital ownership evolution
Maluh Bastos
Klever Writer