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What is behind the success of KVS amidst a bear market for crypto assets？

Kevin Shin successfully launched an IMO (Initial Music-Copyright Offering) on the blockchain through his cooperation with Music NFT Platform VoiceStreet. Kevin Shin’s song “Live a little” was issued as a token, KVS. And is already up 300% since its launch on January 26th. While the crypto markets seem to have entered bear territory, KVS is enjoying a bull market.

Who is Kevin Shin, the first Musician to issue an IMO, Kevin is a Korean-American Musician who has been nominated for Best New Artist, Best Rap Song, Best Rap Album, and Best Jazz/Soul Song, and who has worked with international superstars such as Chris Brown and TY Dolla Sign, and invited by BURBERRY to work on their theme song.

The music industry’s acceptance of NFTs should surprise no one. After all, the music industry has always been bound to technology, and its players have always adapted to keep pace. What is a game changer is the ability of VoiceStreet to issue fragmented copyrights to the public as tokens through an IMO.

What is KVS?

IMO (Initial Music-Copyright Offering), the world’s first blockchain-enabled music model was created by Voice Street. KVS is the product of Voice Street’ collaboration with Kevin Shin. This is the first of a long list of IMOs on the pipeline for VoiceStreet. In the future all Music creators who release IMOs can earn revenue from offline performances, TV partners, remixes, karaoke, traditional streaming services, performance royalties, print royalties, “sync” and future revenues derived from the metaverse.

KVS will also adds value to VoiceStreet’s game in the form of 1) in-game music competitions, 2) in-game props such as NFT in association with Kevin Shin, and 3) in the form of tickets to the Metaverse concerts, just to name a few.

The power of community could be unlike anything we have seen before, Music NFT platform VoiceStreet allows Musicians to share the economics of their works with their fan base and new communities brought together by the building blocks of the blockchain.

Kevin Shin’s IMO brought together diverse communities, a community of music fans who saw the opportunity of supporting their music idol by funding the release of its work and also along the way become part owners of his works. VoiceStreet own community composed of DPGU’s owners and communities of crypto enthusiasts always in search a unique innovative long term project such as VoiceStreet.

It is well known that fans play an important role in the success of their idols, but never until KVS were fans allowed to share in the copyright works of their music idol. KVS tokens issued through an IMO shows the strong bond between Musicians and their fans. Tokens issued though IMOs are different from other tokens in many ways, one of them being the ability for this tokens to capture future royalties though staking pools something made possible by blockchain. Also tokens on staking pools benefit from collecting yields and thus increasing the utility and future value of copyrights as they increase the economic dynamics of the ecosystem which holds them. In this case, VoiceStreet.

Take KVS as an example, buzz from communities and music industry sources tells us that the bulk of buyers of KVS are not buying it for the purpose of speculation, they want to contribute to the success of their idol who they have been supporting for many years. According to many sources from the music industry, 75% of a musician’s income comes from live performances, because of the pandemic few musicians have been able to hold live performances as it has been the norm in the past. IMOs diversifies Musicians’ revenue streams. Allowing for example in the future to benefit from concerts in the Metaverse filling the void left by their inability to perform for live audiences or even when possible doing a concert for a live audience and at the same time in the metaverse.

KVS value at 0.08 USDT has gone up 300% and has build strong support at the current level. Its uncorrelated performance to other crypto markets could be explain by the fact that Music lovers, fans and members of VoiceStreet communities see tremendous value in holding the copyright of a Metaverse music game song by a producer who has produced the Golden Melody Award-winning album, worked with top artists, and been invited by a top luxury brand to produce an endorsement theme song.

Some of the biggest beneficiaries of the tremendous run of KVS are DPGU owners.

What is DPGU?

DPGU is the original developed VoiceStreet’s game Ark of Panda. Some of the benefits of being a DPGU owner are the following:

1) DPGU owners can directly enter the Ark of Panda, other players need to be invited to enter, and only DPGU owners have the right to invite others into the game.

2) DPGU owners benefit form multiple revenue streams in the game ecosystem.

3) DPGU owners benefit from collecting 5% of the revenue of those invited into the game by original DPGU holders.

4) All future IMO releases on Voice Street will be available for DPGU owners to grab 1 hour in advance of other non-owners, which is an exclusive privilege for DPGU owners.

KVS rise from its original issued price of 0.025 USDT to its current price of 0.08 USDT ( up 300%) has brought riches to DPGU owners and other holders of KVS such as music fans and entices future participants to become buyers and long term holders of VoiceStreet future IMOs.