The Backstage Launchpad —Revolutionizing How Events Are Funded
Financing and fundraising have always been a hurdle for event organizers and venues. The industry suffers from a lack of unification and numerous inefficiencies, which causes good projects to stall and big ideas to get overlooked.
The COVID-19 pandemic has made matters even more difficult.
For instance, the first six months of shutdowns in 2020 cost the music industry $10+ billion. And nearly every venue around the world has had to cancel events during the last two-plus years. Needless to say, many traditional investors and lenders have been steering clear of the events industry, given the risks of cancellations and crowd restrictions impacting returns.
Enter the BKS Launchpad — the platform to solve all these fundraising challenges and take the events industry to a more profitable, innovative and sustainable future.
Why We’re Building the BKS Launchpad
Backstage is building the BKS Launchpad to revolutionize how events are funded.
We not only want to solve the current challenges, but we also aim to build a fundraising platform that connects event organizers, entrepreneurs and artists with smart money, democratizes access to investment opportunities, and advances the sustainability of the ecosystem.
All this will occur on the BKS Launchpad — a crucial pillar of our ecosystem.
Leveraging the power of blockchain technology, the Backstage Launchpad connects the events and entertainment industry with the untapped wealth of the cryptocurrency industry.
We believe the BKS Launchpad will be crucial for the rebirth of the events and entertainment industry. For the first time in history, event organizers and entertainment producers will finally have a place where they can meet with investors and find the key support needed to kick start their projects.
How the BKS Launchpad Works
The BKS Launchpad is the first-ever platform for Initial Event Offerings (IEOs) and Initial NFT Offerings (INOs). Think of it as the meeting place for investors, fans, and event operators and venues seeking funding.
The Launchpad offers opportunities for everyone in the events industry, especially those seeking capital for events like music festivals and art shows.
To give you an idea of how the BKS Launchpad works, here’s a summary of what different industry players can do on the platform:
- Venues and event operators can pitch investors and the Backstage community — and even sign deals governed by smart contracts
- Investors like angel investors and VC funds can identify promising projects at the early stages. They can also invest in venues and clubs that are looking to start and grow.
- Musicians, artists and content creators can find funding for album production, creative projects and more, as well as issue NFTs for fans to buy.
- Fans can stake BKS tokens in projects they like to assist with event liquidity and earn yield.
- Agencies can assist clients with finding quality investments.
The BKS Launchpad should receive a warm welcome from venue operators, industry entrepreneurs and others looking to host events. With the Backstage Launchpad, gone are the days of having to pitch traditional banks for loans. When you want to host an event, you can pitch it on our Launchpad. Through the Launchpad’s investment deals and staking mechanisms, you’ll be in a much better position to have the cash flow you need to run a successful event.
Fans should benefit greatly from the Launchpad as well.
For instance, if a music festival needs funding to make the event a reality, fans can provide funds in the form of BKS tokens. They could stake those tokens in exchange for yield, or agree on an investment deal.
As you can see, by enabling easy, fast and secure access to funding, the Backstage BKS Launchpad will help revolutionize how the industry funds itself. And that will bring much-needed positive change for all stakeholders.
When the BKS Launchpad Is Coming
Soon, the Backstage Launchpad will be live, and organizers, artists, fans and the community will be able to meet and form promising partnerships.
We don’t have a specific date yet, but the Launchpad will be live sometime in Q3 2022. Stay tuned to our social channels — as we’ll have updates on the Launchpad and other project developments throughout the first half of the year.
When the Launchpad is fully operational, you’ll be able to join the Backstage BKS Launchpad and take advantage of all that it has to offer.
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.
Find out more about Backstage:
Twitter | Medium | Telegram | Instagram | Whitepaper
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