Croatia’s Circus Maximus Launches NFT Ticketing

Croatia’s Circus Maximus Launches NFT Ticketing & Aims To Become The World’s First DAO Festival

This year’s event runs 8th – 13th August at the world-renowned Noa Beach Club in Croatia, with full Covid-19 measures in place to keep everyone safe. Headliners include Da Tweekaz, Regard, Brennan Heart, Imanbek, Harris & Ford. All purchases with cryptocurrency via the web app at https://tickets.circusmaximusfestival.com/welcome come as a digital NFT ticket, while purchases on the web at https://www.noa-zrce.com/en/events/circus-maximus also come as an NFT ticket that is mined on your behalf and presented as a physical ticket.

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DAO or Distributed Autonomous Organisation is an organisation that is run through rules encoded in smart contracts. DAO’s can be organised around common goals or interests. Although most DAOs are focused on finances, Circus Maximus is exploring how a music festival can be organised in a DAO way that allows the whole world to have their say.

The accomplished team behind the well-established Circus Maximus wants to transform the festival industry by making attendees an integral part of the story. The first step on this path is to put the festival in the hands of the community, who will then determine its continued existence with the help of new technologies, the crypto industry and DAO. 

It means that in the future, Circus Maximus will have a smart contract holding the festival budget. It will lead to a completely community-governed festival where venue location, performers, budget distribution are decided by the community, to be held sometime in the future. A place for all kinds of music and art genres; all kinds of communities where freedom to party is guaranteed. All of this is powered by modern technology that enables a party renaissance that Noa team worked hard to build.

The first step on this ambitious path is to acquire an NFT ticket for this year’s festival. Dynamically priced, transferrable NFT ticket tokens are issued as a cryptographic token enabled by an ERC1155 smart contract on xDai chain. The ticket price is determined by the Bezier bonding curve. After acquiring your ticket, you check-in via an app and receive an NFT as a permanent digital record of the purchase, thereby ensuring you are part of the DAO in the future.

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It means that in the future, Circus Maximus will have a smart contract holding the festival budget. It will lead to a completely community-governed festival where venue location, performers, budget distribution are decided by the community, to be held sometime in the future. A place for all kinds of music and art genres; all kinds of communities where freedom to party is guaranteed. All of this is powered by modern technology that enables a party renaissance that Noa team worked hard to build.

The first step on this ambitious path is to acquire an NFT ticket for this year’s festival. Dynamically priced, transferrable NFT ticket tokens are issued as a cryptographic token enabled by an ERC1155 smart contract on xDai chain. The ticket price is determined by the Bezier bonding curve. After acquiring your ticket, you check-in via an app and receive an NFT as a permanent digital record of the purchase, thereby ensuring you are part of the DAO in the future.

Published By : Total Croatia News

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