EXIT, the two-time winner of the Best Major European Festival, is set to be the initial major European music festival to use blockchain technology to sell NFTs as tickets.
The tickets – “NFT VIP GOLD” and “NFT VIP Infinite Experience” – will go on sale on June 30, 2022, and can be purchased through NFT-Tix, a ticketing and marketplace platform running on the ETH network.
EXIT lately released NFT series’ with superstars Maceo Plex and Christina Carmela. The cooperation with NFT-Tix is in line with the company’s beliefs, which digital technology can be used to enhance real-life experiences.
NFT-TIX is a ticketing provider which uses smart contracts to connect ticket sellers directly to purchasers, eliminating middlemen and reducing costs. NFT-Tix emphasizes suitable prices, limited benefits and merchandise direct from event organizers to ticket holders, and the possibility for sellers to make money from tickets on the secondary market.
By buying an NFT VIP Gold or NFT VIP Experience ticket, fans will be purchasing a premium VIP experience at Petrovaradin Fortless in Novi Sad, Serbia from July 7-10 the current year.
NFT holders will get:
• Access to VIP areas of Exit Music Festival
• Access to the legendary mts Dance Arena stage
• Private parties
• Unique product and video
• unlockable content and airdrops
More than 1000 artists and more than 40 stages and festival areas, are present in this festival. Some big names on this year’s line-up include: Calvin Harris, Nick Cave & the Bad Seeds, Iggy Azalea, Acraze, and renowned electronica musicians Maceo Plex, Boris Brejcha, ARTBAT, Afrojack, and Zhu—among many others.
NFTs and smart contracts enter ticketing
As EXIT Festival is the largest event linking NFTs to tickets and IRL experiences, it is surly not the initial or only organization to do so.
Below are some interesting NFTs and ticketing headlines from this year:
Many believe that NFTs and smart contracts will greatly improve the ticketing industry by removing scalping, decreasing counterfeit and duplicate tickets, eliminating middlemen, and lessening customer costs. Additionally, NFTs can be linked to unique IRL experiences, bringing artists new value and ways to communicate with fans.
EXIT Festival was undoubtedly a fascinating experience before the advent of NFT, that is why it has been so successful. But adding NFTs to the mix and the benefits which come with an NFT ticket could increase it for special festival-goers the current year.
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