NFT-TiX and EXIT Festival tune together for a multi-year partnership in a bid to transform music ticketing. Owing to this, EXIT is the first major music festival to launch festival admissions via non-fungible tokens (NFTs).
Quick Takes:
- NFT-TiX and EXIT Festival join forces for a multi-year collaboration to modernize music festival ticket sales using blockchain technology.
- EXIT Festival is the first major music festival to offer digital admissions through NFT-TiX’s ticketing system.
- These NFT tickets also offer attendees cutting-edge digital art and real-world experiences.
EXIT Festival and NFT-TiX Ticketing Plans
NFT-TiX is a ticketing platform built on the Ethereum blockchain that directly connects ticket sellers and buyers, similar to Groovoo. EXIT is respectable for being creative and innovative in the music sphere. Together, they recently announced an exciting multi-year collaboration. By combining both of their assets, EXIT will be the first major music event to use blockchain technology to sell festival tickets.
The ticketing provider on-chain took to Twitter to announce the exciting news about its partnership with EXIT Festival:
Subsequently, a special offer for the forthcoming EXIT Festival is taking place from July 6 – 9, 2023, at the Petrovaradin Fortress in Novi Sad. The event will include NFT ticketing for entries.
NFT ticketing is tamper-proof and personalized, and can be tailored to fit the needs of any event. Moreover, it creates opportunities for event organizers to generate additional revenue streams. Another perk includes faster ques.
Following this — although entertainment has always been the main focus of festivals — the emphasis is now shifting towards creating a more holistic experience for attendees.
“Our goal is to continuously expand the boundaries of the festival experience and provide fans with not only top-class entertainment but also the opportunity for education and personal growth of each individual,”
commented the Founder and CEO of EXIT festival, Dusan Kovacevic, to NFT Lately.
In addition to selling regular NFT tickets, ten ultra VIP humanitarian NFT tickets will also be available for €10,000. The VIP tickets will provide holders with a unique festival experience, including a personal host, meet and greets with performers, access to the VIP GOLD zones, and entry to the Infinite Dance Arena Lounge.
“We’ve entered the metaverse strong but with a vision where real-life experience needs to remain a priority. Partnership with NFT-Tix allowed us to achieve that idea – to combine digital art and real-life experience. We’ve also raised the bar on the “real life experience” part enabling our buyers to get hold of unique, ultra-VIP service that allows them to enter some exclusive areas of the festival, have on-stage access, hang out with the artists… Something that has never been done before,”
continued Kovacevic.
This new partnership is recognized as a leading example of innovative solutions in the ticketing industry.
Consequently, the two entities are on the shortlist for the DISRUPTOR Award at the Ticketing Business Awards. This event will reward innovation and competence in ticketing and event management at the Ticketing Business Forum in Manchester on April 19.
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