2021 noticed the digital dance music panorama erupt right into a technological inferno, as artists and occasion organizers tore hell for leather-based into the NFT gold rush. And as extra trade professionals undertake blockchain expertise, the material of the scene is altering at a torrid tempo.
Now, a brand new occasion has large ambitions to host what organizers are calling the world’s first community-driven, decentralized music competition. The fest, Project Rave, was not too long ago introduced by RaversUniverse, a Decentralized Autonomous Group (DAO).
DAOs are entities that enable platforms to function as member-owned communities, that are devoid of a consolidated management construction.
A decentralized way forward for the creator economic system has been embraced by many respected digital music artists an execs, resembling deadmau5, who not too long ago backed a DAO referred to as MODA. The underlying goal is to democratize the metaverse-era music ecosystem for impartial artists.
“We’re excited to place the facility again within the palms of the ravers and the creators,” reads the Undertaking Rave website.
Maybe the most well-liked means to that finish has been the arrival of NFTs, or non-fungible tokens. RaversUniverse is about to mint 10,000 “RaveBoy” and “RaveGirl” NFTs, that are hand-drawn from scratch and can unlock rewards for token holders, like rave attire and entries into giveaways for tickets to approaching music festivals.
Holders of those tokens can even achieve entry to unique channels the place they cannot solely recommend concepts for the buildout of Undertaking Rave, but additionally vote on the competition’s developmental processes in execution of their decentralized mission. In mild of that objective, 30% of the earnings from gross sales of the NFTs might be distributed to the founding RaversUniverse group.
Undertaking Rave is presently being deliberate for fall 2022 in Miami. RaversUniverse is about to launch the primary part NFT drop on the finish of January.
You possibly can be a part of study extra about Undertaking Rave by becoming a member of the RaversUniverse Discord.
FOLLOW RAVERSUNIVERSE:
Web site: raversuniverse.com
Twitter: twitter.com/rave_project
Instagram: instagram.com/projectrave