Backstage price

BKS

1. Digitization

Backstage can bring the events industry together on the blockchain and set the industry up for the 21st century and beyond. Think about the efficiencies a blockchain ecosystem creates. As Don and Alex Tapscott write, “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”

2. Financing

BKS can be a financing vehicle for artists, event venues, entrepreneurs, etc. COVID-19 hurt financing for many companies, as lenders and investors stayed away from companies that depended on in-person events. Now, it’s time to adopt a blockchain-based financing system that’s transparent, trustless, and efficient. No longer should festival operators or musicians have to knock on bank doors for capital. They can raise BKS tokens to launch their event!

3. Ticketing

Leveraging NFT technology, Backstage can help put an end to counterfeit ticketing. Each NFT is unique, non-interchangeable, and verifiable just like fingerprints. The lack of interchangeability (fungibility) makes counterfeit tickets impossible. Plus, event operators won’t have to charge ticket fees, as they won’t have to rely on legacy players like Ticketmaster, who charge fees that equal an average of 27% of the ticket price. All they have to do is integrate the Backstage NFT platform into their ticketing process.

4. Unification

Everything can be achieved within the Backstage blockchain. For example, your customers could use BKS tokens everywhere they go, whether you’re holding a virtual conference in the metaverse or a music festival in Miami. You don’t have to worry about different currencies and payment systems, as it all can be handled on one digital platform.

5. Fair Value

The events and entertainment players reward the monopolists now. Even if a young creator manages to make it big, chances are YouTube, Spotify, or another platform is taking more than their fair share. We need a system that rewards people for what they are worth. Through Backstage’s blockchain ecosystem and NFT marketplace, creators, like musicians, artists, and comedians, can finally get rewarded fairly for their work. The Backstage NFT Platform enables content creators to immortalize their content and productions as NFTs. In this way, musicians, producers, creators of any content of interest can rapidly monetize on their talent within the events ecosystem.