Aug 2, 2018 at 22:37
Aug 2, 2018 at 22:37 UTC
World’s First Blockchain Powered Music Festival Is Here Now
BTC Wires: Stop everything and clear your schedule for October 20th, because San Francisco Bay Area is the place to be on that day. World’s first ever blockchain powered music festival is all set to take place on October 20th, 2018 in the Greek Theatre at UC Berkeley. Tickets for the same are now on sale.
The festival is called Our Music Festival and is the brainchild of 3LAU, whose actual name is Justin Blau. He is also one of the headlining artists of the show. He, along with Creative Artists Agency, a group of people who are professionals in the music and crypto industry, have undertaken the responsibility to pull off this event. They are being supported by Paradigm Talent Agency, Spotify, Billboard, Prime Social Group, CID Entertainment and SINGULAR DTV in their endeavour.
Our Music Festival is planning to launch its own virtual currency this fall, called the OMF token. It will thus become the first ever music festival to process the booking fees of tickets on a blockchain platform, They plan to launch the token at their inaugural event in San Francisco’s Civic Center Plaza. Ethereum network is scheduled to be the base for the tech developments concerning the festival and might appeal to San Francisco’s tech crowd.
The line-up for the event is spectacular and features big names like Zedd, 3LAU, and Matt + Kim, hip-hop icon Big Sean and pop singer Charlotte Lawrence.
The Pre-sale tickets begin at $25 and can be bought directly from crypto.ourmusicfestival.com and ourmusicfestival.com using U.S. dollars and cryptocurrencies (bitcoin, bitcoin cash, ether, litecoin). There will also be general tickets costing $29 that will go on sale from 3rd August,
Blau has been working on this project since last year and his vision was to incorporate cryptocurrencies in the music market and eliminate the need for middlemen. He has witnessed so many intermediaries who use unfair means to hike the prices for music festival attendees, trick innocent buyers and extort artists. With blockchain providing a a decentralized, peer to peer mode of transaction, the process will become entirely transparent and all the buyers will be digitally verifiable.