The First Blockchain-Powered Music Festival

The video discusses a project that uses blockchain technology to reward event attendees with cryptocurrency. The project is built on the Stellar network, chosen for its scalability. Attendees receive tokens that can be used for merchandise and future events. The project aims to increase fan engagement, allowing them to influence artist selection and sell products. The video also explores blockchain's potential in the music industry, particularly in streaming and royalties. The total token supply is capped at 1 billion, with potential for multiple tokens in the ecosystem.

What is the primary reward given to festival attendees?

• Discount vouchers

• Cryptocurrency

• VIP passes

• Free concert tickets

Which blockchain network is being used for the festival's currency?

• Ripple

• Stellar

• Bitcoin

• Ethereum

What is the expected audience size for the upcoming event?

• 5000 people

• 8500 people

• 10000 people

• 12000 people

What is one potential future application of blockchain in the music industry?

• Decentralized streaming services

• Physical album sales

• Traditional radio broadcasting

• Live TV performances

What is the total token supply for the festival's ecosystem?

• 500 million

• 1 billion

• 5 billion

• 2 billion