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Abu Dhabi, UAE, February 2, 2023, Chainwire
A major step forward in using mainstream blockchain technology in the entertainment industry, offering a safe and convenient way for music fans to buy and manage tickets
BNB chainThe world’s largest smart contract blockchain in terms of daily active usersand Fellaz, the leading Web3 entertainment ecosystem, have announced the launch of a blockchain-based ticketing solution for Ultra Abu Dhabithe inaugural EDM music festival, will take place on March 4 and 5, 2023.
Advanced ticketing solutions powered by BNB chain will verify the authenticity of the ticket, ensuring legitimacy. This collaboration will enable a more seamless and secure ticket buying experience for Ultra Abu Dhabi fans using NFT tickets while providing a new blueprint for the engagement of Web3 fans specializing in the music industry.
Alvin Kan, Director of Growth and Ops at BNB Chain said, “The new NFT ticketing solution will enable the use of NFTs to provide a secure and tamper-resistant way to verify ticket authenticity and offer fans a convenient and seamless experience. . We believe that this collaboration represents a major step forward in the mainstream use of blockchain technology in the entertainment industry, and we believe it will set a new standard for Web3 fan engagement and entertainment applications in IRL and Metaverse environments.”
Bobby Bhatia, CEO of Fellaz, said, “We are excited to be partnering with BNB Chain to bring our NFT tickets to this global EDM music festival. Fellaz NFT Tickets supported by BNB Chain will provide fans with a safer and more attractive ticket sales experience. We are excited to be at the forefront of this technology in the entertainment industry with a global brand like Ultra.”
“We are thrilled to partner with Fellaz on this groundbreaking initiative,” said Dudley Chou, Managing Partner of UC Global, the organizer behind many Ultra events in Asia, including Ultra Abu Dhabi. “The use of NFTs for event tickets is a growing trend in the entertainment industry, and our partnership with Fellaz and BNB Chain is a major step forward in bringing this technology to the mainstream. With seamless integration and unparalleled security, Fellaz’s NFT ticketing solution will provide fans and event organizers a new level of convenience and engagement.”
Fellaz and BNB Chain are committed to providing the best experience for fans coming to Ultra Abu Dhabi. Ultra Abu Dhabi will take place on the 4th and 5th of March 2023. The Fellaz NFT Ticket powered by the BNB Chain comes with exclusive benefits that can be claimed during and after the event and is the only official tier that offers VIP Admission at Ultra Abu Dhabi 2023. Tickets this special will go on sale from dates to be announced in February.
Integrating NFTs into the ticketing process offers several advantages over traditional ticketing systems. NFTs offer a reliable and secure way to verify ticket authenticity, guaranteeing exclusive entry to those with valid tickets. This helps solve the problem of ticket fraud, which has long been a problem in the music industry.
In addition, it allows for greater flexibility and convenience in the ticket buying process. Ticket holders can easily transfer their tickets to friends or resell them on secondary markets without paying fees to retailers. This allows for a smoother and hassle-free experience for music fans. In addition, the use of NFTs in the ticketing process allows the implementation of innovative features such as personalized and interactive festival experiences.
Specifically, NFT tickets for the event will provide fans with new opportunities for engagement and access. After NFT ticket verification is held Favorite walleta multi-chain NFT-FIRST wallet, fans can access exclusive experiences and content on-site and beyond, such as fast-track access to festival venues, special meet-and-greet opportunities with artists, exclusive entry into VIP and VVIP zones, and recordings and highlights of unseen stars. exchangeable and real-time moments they want to cherish.
More details about the solution can be found here https://fellaz.io.
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About BNB Chain
BNB chain is a community-driven, decentralized, and censorship-resistant blockchain, powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain (BSC), which are EVM compatible and facilitate a multi-chain ecosystem. It is the world’s largest smart contract blockchain in terms of transaction volume and daily active user. It has processed 3 billion transactions till date 200 million unique addresses, giving developers access to a huge number of users with very low gas costs and zero downtime from the get-go. The ecosystem has over 1,300 active dApps across categories such as DeFi, Metaverse, blockchain games, NFTs, and more.
About Felaz
Guys, based in Singapore, is a multi-chain Web3 entertainment business that offers real-world value through proprietary technology and global entertainment assets. As a powerhouse of digital and IRL events, Fellaz is focused on creating exclusive experiences and maximizing user engagement through NFT-based lifestyle memberships and ticketing services in entertainment and sports. Fostering and co-organizing native IRL events while managing global lifestyle and entertainment membership services, Fellaz strives to be a viable blueprint and prototype for aspiring Web3 businesses while providing maximum value to the Fellaz ecosystem and its community members. Fellaz connects users with the brands they love, making everyday entertainment experiences even more exclusive.
About UC Global
Based in Seoul, Korea, UC Global is an Asia-focused lifestyle and entertainment brand management company with a vision to create an ecosystem of services and products to better serve the lifestyle and entertainment needs of Millennials and Generation Z in the region. UC Global produces a portfolio of Ultra-branded events such as Ultra Korea, Ultra Japan, and Ultra Bali, among many others. UC Global brands and events are produced in 12 countries and territories through more than 100+ large format live events with more than 1.4 million fans in attendance.
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