5 Ways the BKS Metaverse Can Impact Future Events
Events and entertainment have a significant impact on our lives, whether it’s the concert of a lifetime, dream wedding day or your team winning the championship. We live for experiences and to make memories, and events are at the center of that.
As we move further into the 21st century and new technologies play a role in our lives, we’ll increasingly see events evolve. At Backstage, it’s our mission to power the next generation of events with blockchain, NFT and metaverse technologies. We believe these new technologies can enrich event experiences like never before.
In this article, we will take this opportunity to explore how BKS Metaverse can impact the future of the events and entertainment industry.
1. Enable anyone, anywhere to attend events
The metaverse is like a virtual layer to reality, a sort of a real-virtual world on top of this one. It more or less emulates certain aspects of physical lives on earth.
Considering that the metaverse is a virtual parallel to our physical world, it can be integrated with the physical world to create hybrid events. For instance, fans could attend an event physically at the venue or virtually in the metaverse. This eliminates any geographical, financial or physical barriers to entry, enabling anyone in the world to attend an event.
Imagine you’re living in Singapore, but your favorite band is playing in Berlin and you only found out a day before the show. It sounds like a tragedy. However, if your band is partnering with Backstage to host a hybrid event, you could attend the event in the BKS metaverse. How amazing is that?
2. Offer venues and artists another revenue stream
This one sort of ties in with the previous one. Since artists and venues can leverage BKS Metaverse tech they can host a lot more fans than the actual venue can support.
Consider this example: Rod Steward’s 1994 Rio de Janeiro concert attracted more than 3.5 million people and earned him a place in the Guinness Book of World Records. Sure, it was a free concert. However, imagine the potential global reach with affordable and adaptable prices through blockchain technology. Rod Steward could have had hundreds of millions of attendees!
With the metaverse, venue capacities become unlimited. After all, the metaverse doesn’t have to worry about fire hazards, overcrowding and other physical limitations and safety concerns. This potential to host more fans creates significantly more revenue opportunities for venues and artists, as well as gives fans the chance to be a part of something truly big.
3. Create unique hybrid events and festivals
To build on this topic, the power of BKS Metaverse technology can create unique events that are a hybrid of the physical world (real-verse) and metaverse.
This is more than a portion of people attending the real venue, while others join in via the metaverse, or even the physical attendees being made aware of the others’ virtual presence. With the advancement of both the metaverse and VR/AR technologies, the BKS Metaverse has the potential to augment the real world physical experience of an event or a festival and make it unique not only for you, but for generations to last.
For example, the BKS metaverse can make events much more interactive and engaging. Leveraging metaverse and VR/AR technology, fans could vote on the next song to play, special effects can be created and more.
4. Form powerful partnerships with venues and artists
As much as the metaverse opens up new horizons for venues and artists to reach their audiences in a more effective manner, this also opens up possibilities for new artists and venues to partner with us.
Backstage has a powerful network of partners that includes the likes of:
- XMANNA, our metaverse technology partner
- Entertix, Romania’s top ticketing provider
- Aspendos Born Again, a theater in Turkey
- Daydream Festival
- Caprices Festival
- Tulum Crypto Fest
We’re sure that many more are to come as we expand our community. By partnering with us to host events, you get full access to our expansive network.
5. Break down barriers in the events industry
We all know the hurdles artists and venues have to go through to host an event and entertain their audience. We all know how much in fees those ticketing providers take.
Since blockchain technologies are inherently decentralized and democratized, the BKS Metaverse can break down barriers to entry and all the unnecessary red tape that surrounds events. The goal of the BKS Metaverse is to give power back to the artists, venues and fans, and remove rent-seeking intermediaries that feed upon artificial scarcities and monopolies they’ve created.
We aim to create true equality of opportunity and rip down the embedded cronyism that plagues the events and entertainment industry and sucks the life and light of human creativity out of it.
We’ve written more on the democratization of the music industry in one of our previous articles.
Backstage is powering the crypto revolution in the events industry. Through the BKS token and our blockchain ecosystem, Backstage aims to solve the current challenges facing the events and entertainment sectors. From financing and payments to NFT ticketing and marketplaces, Backstage $BKS will take the events industry toward a more sustainable, profitable and fair future.
Backstage has a very strong and open community and everyone can join and contribute to the platform’s development by purchasing tokens and helping fund the entertainment industry.
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