Our Music Festival envisions a decentralized, casual, direct-to-consumer music ticket pipeline that produces supply and demand economics entirely transparent and ticket consumers digitally verifiable to maximize pricing on either side, attributes which Blau asserts are not supportable with no blockchain technology.

As a Washington University of St. Louis finance student, he also gave up a career on Wall Street to pursue dancing songs. The Winklevoss twins brought to bitcoin around the exact same moment.

The line-up, which has been declared on the festival’s site, will comprise electronic dance musicians Zedd, 3LAU, and Matt + Kim, hip icon Big Sean and pop singer Charlotte Lawrence. The one-day event will run from 5 P.M. to 11 P.M. on October 20.
Our Music Festival also incentivizes event attendees to remain loyal to the music-going encounter. Blau added that ticket holders will soon be buying into a tokenized ecosystem at which upgrades, concessions, merchandise, and rewards can be digitally exchanged through an all-in-one community portal integrated into the blockchain booking platform.

Within an email, Trey Ditto, a representative for your EDM DJ, wrote that Blau is really passionate and well-versed concerning virtual currencies:
Much like Paris Hilton, Scott Disick, 50 Cent, Snoop Dogg, as of Tuesday,” Kim Kardashian, Blau joins the ranks of celebrities who share a fascination with alternative financial systems. The recent surge of star power has led most to believe that mainstream adoption of cryptocurrency payments is on the horizon, while many others remain skeptical.
He explained:

Blau told CoinDesk that he has been working on the project as August of last year. He wished to create a substantial use instance for cryptocurrencies that will enhance the audio marketplace and cut out industry middlemen. Throughout his music career, he’s seen road scalpers, Craigslist and ticketing vendors artificially drive up costs for audio event attendees, scam innocent buyers, and squeeze out profits from agents and musicians.

No crypto newcomer

Published at Thu, 02 Aug 2018 17:20:57 +0000
Pre-sale tickets begin at $25 and can be purchased as standard digital passes directly from crypto.ourmusicfestival.com and ourmusicfestival.com using U.S. bucks and cryptocurrencies (bitcoin, bitcoin cash, ether, litecoin). General tickets are being released tomorrow beginning at $29.
Headlining artist 3LAU, whose actual name is Justin Blau, is Our Music Festival’s brainchild. He’s supported by a group of audio and cryptocurrency pros from Creative Artists Agency, Paradigm Talent Agency, Spotify, Billboard, Prime Social Group, CID Entertainment and SINGULAR DTV to arrange the festival chain.

Tickets for its first music festival place to be powered by blockchain technology are currently available.

The 27-year-old American music producer shot to fame at the early and mid-2010s cooperating with EDM notables Dash Berlin, Alesso, Afrojack, R3hab as well as The Chainsmokers.

The chief in blockchain news, CoinDesk is a press outlet that tries for the greatest journalistic standards and abides by a strict series of qualitative policies.

The festival intends to grow about the ethereum network and expects that the event will attract the town’s technology crowd.

“Justin has put a lot of his songs on hold to focus on this job …the truth is he spent the past 18 months diving into all elements of blockchain to immerse himself into the business. So, he’s not only some DJ trying to use his fame to get into crypto and also make some cash.”

Scheduled for this fall, our Music Festival is launching its own digital currency — that the OMF token — at its inaugural event at San Francisco’s Civic Center Plaza. It’ll be the first musical entertainment experience to process booking charges on a dwell blockchain program.
Image via 3lau Facebook
Though StubHub and TicketMaster compute pricing analytics, most conventional ticket choices are manipulated or deceptive, obfuscating the actual mathematics. This is why Our Music Festival clients are going to be able to curate events and tickets will be cheap relative to standard-fare price tags that typically reach hundred buck markups, he says.
In the last several years, Blau has toured Electric Daisy Carnival and surfaced at Hakkasan, Rehab and Drai’s nightclubs on the popular music festival and Las Vegas residency complexes. He has also posted about cryptocurrencies on social media. Only a few days before, he published the first page of Satoshi Nakomoto’s bitcoin white paper in his Instagram Story.