The festival and clubbing scene is a vibrant and constantly evolving industry, with new trends and experiences emerging every year. From electronic dance music festivals to underground clubs, there is something for everyone on the party scene. It’s an industry that brings people together, and it also makes a significant contribution to the economy.
As the scene continues to grow and adapt, new technologies and innovations are introduced to enhance the overall experience. One such innovation is the integration of cryptocurrency into nightlife, most notably KlubCoin, which promises to bring a new level of excitement and innovation to the clubbing and festival industry.
Q: Is there an issue with the way clubs and festivals work at the moment?
We’d say no problem, but while nearly all industries have some sort of loyalty program or retention mechanism (call it miles for airlines, or NFTs for Starbucks), it’s very rare to find anything similar for clubs and festivals. Does that mean regular clubbers and party animals don’t deserve this? Absolutely not, but it does mean that a club or festival alone doesn’t have the scale to make this attractive. KlubCoin solves this problem globally by offering its unique Party To Earn model to clubs and festivals and all clubbers around the world.
Q: Clubbing started as an underground community activity but has grown into big business. Is the KlubCoin project an attempt to give back some of the original appeal of clubbing?
Clubbing has grown into big business. One of the downsides to this fast-growing business is its tendency to concentrate the majority of revenue on a shortlist of superclubs, big festivals and big artists. This is reflected in the fact that the big festival brands are getting bigger, booking all the big names and losing interest in the up and coming artists, while new brands are struggling to develop and reach sufficient scale to book headliners.
As a result, top 200 artists’ DJ fees are skyrocketing while new talent struggles to develop their careers, find their place in the industry, and make a living from their passion. KlubCoin is building a large community of passionate clubbers and a curated selection of clubs, festivals and electronic music brands of all sizes, making room for emerging talent and superstar artists, maintaining a good balance between large festivals, superclubs and smaller venues. A community to go out, dance, listen to your favorite DJs, meet new people, discover new talent and celebrate who share the same passion for electronic music.
Q: What are the benefits for clubs and festivals by joining the KlubCoin ecosystem?
Nowadays every traditional company is approached by Web3 projects on a daily basis and it is very difficult for Web2 and brick and mortar companies to choose the right Web3 partner. By joining the KlubCoin ecosystem, clubs and festivals have the peace of mind of working with people who have over 25 years of experience in the electronic music industry – a team that understands their business and culture.
In addition, KlubCoin is one of the few Web3 developments that has already been adopted by major brands in the electronic music industry such as Amnesia Ibiza, Bootshaus, Clubbing TV or DJ Mag to name a few, and probably the only project that offers a loyalty program to clubs and festivals on a global scale. This means clubs and festivals are joining KlubCoin to find an established ecosystem with a strategy already implemented and active users, and not just a concept or minimally working product like many Web3 projects out there.
Q: What about DJs? What are the benefits of joining the KlubCoin ecosystem?
An interesting feature of KlubCoin is its tipping system. The app allows you to send and receive tips in real time. Clubbing TV, one of the KlubCoin ecosystem partners, creatively uses this feature to give DJs tips in KlubCoins.
You can tip your favorite artists simply by using your phone and scanning QR codes that appear on your screen when a DJ is playing on Clubbing TV. Each QR code is unique and belongs only to the artist. The tips go directly to the artist in real time. Artists can also use their personal tip QR code anywhere they want (press releases, live streams, images, social media, etc.) to get more support from their fans and community.
All DJs live streaming on Twitch, Facebook, YouTube, Clubbing Live or other streaming platforms can use the same QR codes to get tips. This will help new talent grow and monetize in new ways.
Q: What are the biggest challenges awaiting your boys?
Certainly the biggest challenge is to bring electronic music fans who are not so familiar with the concept of crypto, web3 and blockchain technology into the KlubCoin ecosystem. Blockchain has brought us many amazing new opportunities, but the problem from the start has been getting the non-tech audience familiar with crypto wallets, tokens, and exchanges. We had to solve that efficiently.
With our dedicated mobile apps, already available for iOS and Android, we greatly simplify the whole process for KlubCoin users and make it as easy as possible for them to become part of the KlubCoin family. The app allows for wallet creation and token management including earning, buying, spending, tipping, staking and more – all at the touch of a button.
Q: Where do you see your project in five years?
We see Klubcoin as a project that is widely accepted throughout the electronic music industry, with 1,000 of the biggest partners in its network and over 1,000,000 electronic music fans who have adopted KlubCoin, installed the mobile application and regularly use KlubCoin as a method of Payment and a way to earn rewards while partying in both real life and the metaverse. Speaking of the Metaverse, we’ll be making a special announcement soon, so stay tuned!
It is clear that KlubCoin has the potential to revolutionize the festival and club scene by offering exclusive perks and privileges to customers and facilities. The vision of the KlubCoin team is to create a thriving music ecosystem while relying on blockchain technology to make it happen.
As the industry evolves, it will be interesting to see how KlubCoin and other similar projects will shape the future of nightlife. To learn more about KlubCoin, visit the official website. For more news on the intersection of music and the crypto industry, check out the Cointelegraph feed.
Disclaimer. Cointelegraph does not endorse any content or products on this site. While we aim to provide you with all the important information we are able to obtain, readers should do their own research before taking any action regarding the company and take full responsibility for their decisions, and this article can nor should it be considered investment advice.
