The first music festival’s tickets are now on sale. The festival is set to be fueled by blockchain technology. Planned for this winter, the Our Music Festival is rolling the OMF token (its personal virtual currency) at the University of California at its opening event at Berkeley’s William Randolph Hearst Greek Theatre. It will be the first musical experience to process booking charges on a live blockchain app.
The festival expects that the event will please the tech crowd of the city and aims to grow on the ethereum network. Pre-sale tickets begun with a price tag of $25 and can be brought as standard digital passes straightly from ourmusicfestival.com and crypto.ourmusicfestival.com employing cryptocurrencies (bitcoin cash, bitcoin, litecoin, ether) and US dollars. General tickets are being launched this week at a price tag of $29.
The line-up, which has been declared on the website of the festival, will sport electronic dance musicians 3LAU, Zedd, and Matt + Kim along with Charlotte Lawrence (the pop singer) and Big Sean (the hip-hop icon). The one-day show will be conducted on October 20, 2018, from 5 P.M. to 11 P.M.
For those who are not aware, famous artist 3LAU (actual name Justin Blau) is the brainchild of Our Music Festival. He is supported by a group of cryptocurrency veterans and music from Paradigm Talent Agency, Creative Artists Agency, Billboard, Spotify, CID Entertainment, Prime Social Group, and SINGULAR DTV to arrange the festival chain.
Blau claimed to the media that he has been operating on the project since August 2017. He wished to develop a considerable use case for cryptocurrencies that will help streamlining the music industry and slash out middlemen in the sector. Throughout his career in the music industry, he has seen Craigslist, street scalpers, and ticketing vendors scam innocent buyers, artificially increase cost for music event attendees, and squeeze out profits from agents & musicians.