ConcertVR today competed its ICO pre-sale, having reached the 1,200 Ether (Ethereum’s native currency) hard cap in less than four days. 1,200 Ether equates to about £325,000. The main round of the token sale will commence on April 15 and the hard cap for that is 60,000 ETH (roughly £16.25 million, at time of writing). But what is concertVR, and how does it work?
What is concertVR?
ConcertVR allows users to enjoy live performances from their favourite artists without having to leave the comfort of home. The platform enables would-be concert goers to experience exclusive coverage in the blink of an eye.
Viewers can choose from three different camera angles of the show to allow them the mot immersive experience possible, short of actually being there. As well as giving fans the opportunity to see their favourites like never before, the app is also a fantastic tool for professionals – journalists, most notably.
Reviewers (or their employers) no longer have to fork out money for travel, food, meals, and potentially accommodation. Instead, they can watch, listen, and evaluate from literally anywhere.
ConcertVR allows users to experience concerts from either the middle of the crowd, the front row, or even right next to the star (or stars) of the show! It’s a fantastic service that’s sure to cause waves in the entertainment industry.
Users of concertVR can enjoy real concerts in Virtual Reality, either in real-time or on demand at a time of their choosing. Once they purchase tickets to a particular concert, users consume quality content via a variety of mediums, i.e., smartphone, VR glasses, browser or SmartTV. Clever, huh?
All concertVR data is stored on a decentralized cloud-based data bank, which will maintained on the net by nodes. This makes trade repositories as well as user data immutable and therefore users need not worry about fraud or hacks. That’s the hope, at least.
Additionally, the use of smart contracts will require no intermediaries, which, as well as saving time and money, will also guarantee the very highest of security standards. By implementing smart contracts, transaction costs — which can sometimes be astronomically high for regular concert tickets — can be decreased tremendously.
What concertVR says…
Sebastian Deyle, Founder and CEO of concertVR: “Imagine you could enjoy concerts from all around the globe in real-time without leaving your home?”
“With VR, we no longer have to travel halfway across the globe to experience an event when we can do it right in our bedrooms. And this is exactly the premise that concertVR is built upon. By creating the first blockchain based cross-platform marketplace for high-quality
“VR content from the music and entertainment sector, concertVR strives to revolutionize the entertainment industry one concert at a time.
“Statistics show that audiences attending concerts and festivals are reaching record highs and are expected to generate sales of over $1.1 billion annually in Germany alone. Nevertheless, this potential is still not fully reached. Due to popular demand, concerts of artists like Bruno Mars and U2 are usually sold out in hours, if not minutes. This results in thousands of potential concertgoers unable to purchase any tickets.
“But what if it is possible to sell an unlimited number of tickets for a live concert? The music industry could generate a substantially higher revenue stream if a larger audience is reached.
“With concertVR, all this is possible.”
concertVR ICO details
concertVR Token (CVT) will be running on Ethereum
TOKEN NAME: CVT
A total of 400,000,000 concertVR Tokens (CVT) will be created for pre-sale and ICO contributors
The fixed cost of a single token is 0.00015 ETH (during the pre-sale and ICO campaign)
Pre-sale had a hard cap of 1,200 ETH (approx. £325,000 at time of writing)
ICO will have a hard cap of 60,000 ETH (approx. £16.25 million)
Pre-sale sold out in less than 4 days!
Main ICO will last for 31 days or until hard cap has been reached
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