MultiversX (Previously Elrond)
MultiversX is the underlying blockchain network that we believe is the most optimal layer-one compared to every single other competitor. According to tokenterminal.com, minus BTC, ETH, and BNB, MultiversX has the largest community of active developers of all the other Layer 1. It is also in the top 20 blockchains by market capitalization in the entire space.
Kavarii doesn't exist yet because it hasn't been possible to build a scalable youtube on the blockchain till now.
Unlike most layer one blockchains Elrond is a high-throughput and low latency protocol that we believe harnesses the necessary power for Kavarii to reach critical mass. The biggest breakthrough that led to the birth of Kavarii was its extremely low NFT minting fees. It only costs .05 EGLD ($2.50 07/22) to upload any video of any size onto the Elrond network as an NFT. This is what makes the platform possible. No more $50-$1000 dollar fees like some of the other competing chains.
NFT owners have multiple options for managing their content for advanced finance, governance, exclusive access use cases. This enables high speeds and low costs for Elrond NFTs and SFTs minting, managing, and transferring transactions.
< $1 to register an NFT brand -> no Eth equivalent < $1 to create an NFT -> $50 - $600 on Eth < $1 to transfer an NFT -> upwards of $100 on Eth
Through Adaptive state sharding and proof of stake, the Elrond network allows for near-instant transactions (upwards of 250,000 transactions per second on testnet) and negligible fees (Several cents per transaction).
Elrond makes this incredibly easy by replacing the long alphanumeric wallet address to a simple handle (@name) similar to any traditional social networking application.
