Crypto-Fueled Music Fest Arriving in Berkeley This Month –

Danny Scopelliti

The town of Berkeley isn’t any stranger to the choice and experimental. This angle lives on as UC Berkeley’s Greek Theatre gears as much as host Our Music Pageant, the primary music fest “powered by a cryptocurrency.”

The heady California metropolis of Berkeley is traditionally related to experimental and countercultural values. Berkeley will proceed this custom by internet hosting the world’s first crypto-powered music competition on Saturday, October 20th. The chosen venue is the legendary Greek Theatre on the College of California, Berkeley. Formally named the Hearst Greek Theatre, the eight,500 capability venue was opened in 1903 after being constructed with funds from newspaper mogul William Randolph Hearst.

Bumpin’ within the Bay

The Bay Space competition will make the most of its personal cryptocurrency, OMF Token. The token “[…] can be redeemable for merchandise, companies, and experiences (bodily, digital & digital) throughout the community.”

The web site for the Greek Theatre notes that the token can be used for a slew of companies and “branded occasions.”

OMF will set up the gateway for all transactions between customers, artists and occasion organizers that take part in competition ecosystems: merchandising, manufacturing, hospitality, meals and beverage service, model sponsors, transportation – the probabilities are limitless.

The competition’s token isn’t merely used for on-site options. Sooner or later, OMF “[…] hopes to develop know-how that may even mitigate ticket inflation, counterfeiting and scalping.”

The road-up for the one-day competition contains Zedd, Huge Sean, 3Lau, Matt and Kim, and Charlotte Lawrence. On the time of writing, three of the 4 common admission tier tickets have been offered out, whereas one out of three VIP packages likewise offered out.

Time Out experiences that the competition may even embrace a “crypto nook,” the place contributors can have interaction prime blockchain corporations and study extra about crypto.

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