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In 2017, Devcon Three was the only festival event issuing NFT tickets to gain access to an event. Since then, the entire festival has boomed in the NFT economy, with many events issuing their tickets in the form of NFTs.
The technology provided by NFTs helps in streamlining the entire process of organizing festivals and ensuring genuineness of tickets. At the same time, the technology also helps in cutting out the middlemen who have been hunting festival lovers for years.
Top brand festivals like Coachella have recently released NFT tickets as well. As a result, it is no surprise to see that some crypto projects are starting to make huge noise by distributing tickets for NFT festivals.
Here are the 5 best crypto projects that are making huge noise with the NFT festivals in 2022.
The best NFT festival in 2022 that is making a lot of noise
- cocky – An exclusive NFT Lifestyle Club providing holders with world class concerts
- Catalog – An NFT archive that provides access to clubs and festivals
- Afterparty – a members-only club for arts and music festivals
- Circus Maximus – a DAO-based electronic festival in Croatia
- W3BStock – A Web3 music festival created by DAO Event Production Company
A closer look at the 5 best NFT celebrations that made huge noise in 2022
Cocky – An Exclusive NFT Lifestyle Club Providing Holders With World Class Concerts
cocky There is an exclusive NFT Lifestyle Club that gives holders access to world-class concerts. Created by Parasol Group, Cocky’s mission is to completely change the definition of utility in the NFT space by providing real-world, once-in-a-lifetime experiences to NFT holders in prestigious locations.
The team intends to host two in-person events annually along with regular virtual events in the form of live streams. All of their shows will focus on electronic music in unconventional venues, providing music lovers with a unique, second-hand experience that money can’t buy – but NFTs can own.
The NFT collection includes 10,000 Cocky Cans NFTs with 51 skin variations depicting a soda can. Each Cocky Can has a tier-based system based on the color of the lid – Silver, Gold, or Black, and the different tiers unlock a variety of benefits including:
- Discounted transportation to and from each event
- accommodation in the event
- Additional invitations to bring guests along
- Bar tab to enjoy and share with friends.
- special goods
The rarest NFT is the Black Can NFT, of which only one version is being minted. The owner of this NFT will get VIP benefits in all egregious events forever.
The team has created a unique feature for their nft dub mutation. NFT holders earn mutations on their NFTs every time they participate in events hosted by Cocky or participate in the overall ecosystem. The mutation is presented in the form of a stamp, similar to the one you would get in your passport when traveling internationally, which is displayed on the background of your NFT.
The Mutation feature allows holders to write their own stories about their experiences in the Koki ecosystem on their NFTs. Over time, this feature will make each NFT unique, and the NFTs with the most mutations will also become highly desirable.
NFTs are expected to be mined on the Ethereum network sometime in the fourth quarter of 2022.
All Cocky concerts will be held at iconic venues, paying special attention to the landscape, history and culture of each venue. The sites will be truly breathtaking, and you won’t have to stand in a farmer’s field to enjoy your favorite music.
Since events are held in unconventional venues, ticket amounts will be limited based on venue capacity. Hence, the egregious holders will need to make quick efforts to register their interest to participate in the program.
If a Cocky Can holder receives a ticket and cannot attend, they will have the option of selling their ticket in a custom-built secondary market. In addition, only Cocky NFT holders can buy tickets in the secondary market, providing further convenience to the holders.
Koki has a vision to build his community by throwing bigger and better events over time. Their goal is to increase the popularity of their events and eventually become one of the biggest electronic concert organizers on the planet. Once the ecosystem is fully established, tickets will eventually be open for purchase by the general public. However, the special VVVIP benefits will be reserved for NFT holders only.
Overall, Cocky has created a unique lifestyle club that ensures that all NFT holders get utility from their investments. Furthermore, their world class concerts are undoubtedly shows not to be missed if you are a fan of EDM.
Catalog – An NFT archive that provides access to clubs and festivals
The List is an NFT collection that gives holders access to the biggest clubs and festivals around the world. The project was created by Clubbing TV, a TV channel dedicated to dance music, in the hope of completely revolutionizing the club and festival scene.
The NFT collection includes 7,777 unique wristbands for the chance to win lifetime access to some of their partner clubs and festivals, including:
- amnesia ibiza
- world club dome
- We Fstvl . Huh
- open air stampede
- fun festival
- Barcelona Beach Festival
- green valley
Each NFT dance comes with a unique tagline from the music industry, and they all have different colors, backgrounds, and categories. Of the 7,777 NFTs, 150 will provide lifetime access to their partner clubs and festivals.
In addition to its partners, the list will also host two electronic music festivals exclusively for NFT holders. One of the festivals takes place in London in November 2022, and the other for Croatia in August 2023.
In addition, the following additional benefits are provided to all NFT holders:
- 3-month free trial of the streaming platform
- NFT Insights and Reports for Trading Courses and Tips
- Weekly gifts, such as signed artist merch, LP-box sets, and exclusive access to new releases
- Creating podcasts and TV shows with NFT holder input
Finally, it is important to mention that the largest party on the list will also create the Metaverse and allow all NFT holders to be whitelisted to buy the sale of land in the Metaverse.
Afterparty – a members-only club for arts and music festivals
Afterparty is a creator community platform that provides artists with the tools to deliver world-class experiences to their fans. It is a membership-based community that provides access to great music experiences and events around the world.
Afterparty hosted the NFT Arts and Music Festival in Las Vegas in March 2022 this year. There were no tickets available for the festival; Only 1,500 afterparty utopians were allowed in. Afterparty described the festival as the world’s first NFT-gated festival, and it was a revolution in the industry.
Potential users will need to purchase one of the Afterparty Utopian NFTs to access any festival or event. There are a variety of characters in these NFTs that offer different skin colors, suits, masks, and glasses.
The following benefits were received by all the members during the festival:
- Artist-level access to the Afterparty NFT arts and music festival for the next five years
- Entering Utopian Only Realm in Fest
- A FREE Afterparty Guardian NFT Airdrop
- Two Free Afterparty Passes Airdropped
- Priority guest list for all upcoming Afterparty and Creator NFT drops
- Access to Selected Events at the Afterparty House in Los Angeles
The company will continue to host festivals and events in partnership with artists, their latest being a music concert for American musician Louv.
Afterparty’s CEO, David Fields, used to work at Disney and Michael Eisner’s torrent company and brings a great wealth of experience to the project. The exclusive club is attracting high-profile investors such as Paris Hilton and has raised more than $7 million in capital funding to date.
One of the company’s primary missions is to remove the incentives of bookmakers and ticket scalpers to trade tickets in secondary markets without compensating the event’s creators. Using NFTs and blockchain, all tickets sold in the secondary market incur a fee that goes directly to the event organizer or performer.
Circus Maximus – a DAO-based electronic festival in Croatia
Circus Maximus is the first DAO electronic dance music festival based in Croatia. The company continues to host regular annual festivals, but moved to the NFT and blockchain space in 2022 to create the first community-driven festival governed by NFT holders.
The stage hosted a concert this year at the world-renowned Noah Beach Club in August 2022, featuring headliners from Steve Aoki, Da Tweekas, Regard and Harris & Ford.
The team behind Circus Maximus has a mission to transform the festival arena by allowing the participants to be part of the story.
The idea is to create a DAO that controls the entire budget of the festival. Then, community members can control the festival by putting their voting rights on the community dashboard.
The DAO will have decision making capabilities such as:
- venue location
- Artists Present at the Festival
- budget distribution
- Ticket prices for the festival
The project’s founders, Ivan and Nikola Jokic, have stated that they will continue beyond a DAO and work out a global protocol for holding future concerts.
To gain access to the DAO, party-goers had to purchase tickets in the form of NFTs. Tickets were issued on the xDai blockchain using the ERC-1155 standard, and the team created a dynamic pricing feature using Bezier bonding curves.
The overall ultimate goal for the project is to provide anyone in the world with the tools to create their own music festival with their own rules, venues and DJs. Again, by issuing tickets in the form of NFTs, Circus Maximus can cut out ticketing agents, scalpers and middlemen and prevent them from making profits from ticket brokerage.
W3bstock – A Web3 music festival created by DAO Event Production Company
W3bstock is a Web3 music festival DAO and hybrid event production DAO. The whole idea is that the community members of The DAO will be able to vote on the future direction of all the events organized by W3bstock.
The project was founded by Brian Stollery, Tye and Dylan Fleschchut and Darien Mongiovi to bridge the gap between festival goers and organisers. He believes that people attending the festival should have their say in the program program.
To join the DAO users must purchase one of the 500 DAO Membership Pass tokens, which can be minted on their website. Each NFT provides owners with two-lifetime tickets to all W3bstock events and voting rights on future events. Essentially, all NFT holders have a share in the music festival production company, and members will decide every aspect of the festival, such as:
- art installation
- food trucks
- location location
- event schedule
NFTs can be minted for 0.06 ETH and can be minted on either the Ethereum or Polygon network.
The entire DAO is currently planning a massive celebration for the summer of 2024, and the community will choose the location.
NFT festivals will continue to grow in the coming years.
In our opinion, Cocky has the best potential to establish a thriving ecosystem in the coming months as they host exclusive, once-in-a-lifetime electronic concerts in unconventional venues. Furthermore, their Lifestyle Club is truly one of the only projects in the space that can manage to provide real-world utility for its holders.