EXIT Festival and Tixbase Revolutionize Ticketing with Avalanche Blockchain

For over two decades, EXIT Festival has been a prominent name in the music and cultural festival scene, drawing over 500,000 attendees annually. Since 2022, EXIT has collaborated with Tixbase, a next-generation ticketing infrastructure provider, to develop on-chain ticketing and festival engagement solutions using the Avalanche blockchain.

This partnership was first implemented at EXIT Festival, where Tixbase introduced its technology, paving the way for broader adoption in the live events industry. The Bridge Festival App, developed as part of this collaboration, offers a fraud-proof, dynamic, and fan-centric ticketing solution. More than just a ticketing tool, the app serves as a festival engagement hub, enhancing the attendee experience before, during, and after events.

Innovative Features of the Bridge Festival App

Built on Avalanche, the Bridge Festival App integrates ticketing, fan engagement, and cashless transactions into a single platform. It includes a Social Feed and News Feed, allowing fans to interact and stay informed in real-time. The Tixbase Smart Ticket Solution ensures fraud-proof, resellable digital tickets, offering exclusive perks such as backstage access and collectible digital memorabilia.

The app also facilitates seamless digital payments, enabling a cashless festival experience. Additionally, it features matchmaking for festival-goers, allowing singles to connect with like-minded music lovers. EXIT Festival plans to extend this technology across its festival network, with a vision to make it accessible to festivals worldwide through white label capabilities.

Transforming the Festival Industry

EXIT Festival and Tixbase aim to onboard over 20 global festivals onto this ticketing and engagement infrastructure by the end of 2025. This initiative is set to reshape the live events industry by creating a borderless, on-chain festival economy and a fair secondary market for fans and artists.

In parallel, EXIT Festival is launching a community-driven crowdfunding campaign, inviting fans to purchase EXIT tokens. These digital assets can be redeemed for festival tickets, VIP upgrades, and exclusive experiences. This grassroots effort empowers the community to invest in the festival’s future, especially as traditional government support for youth initiatives has diminished.

For more information, visit the official announcement here.

Why This Matters: Impact, Industry Trends & Expert Insights

EXIT Festival and Tixbase are pioneering the use of blockchain technology in the live events industry by implementing Avalanche-based on-chain ticketing solutions. This initiative aims to enhance security, engagement, and operational efficiency in ticketing processes.

Recent industry reports indicate a growing trend towards blockchain ticketing solutions that provide secure, tamper-proof transactions and prevent fraud. This aligns with EXIT Festival’s adoption of blockchain to create a fraud-proof and dynamic ticketing system, demonstrating the broader industry’s shift towards secure and scalable ticketing platforms.

As per insights from a Hytix report, blockchain technology is significantly transforming live events and ticketing markets by enhancing transparency and preventing fraud. This supports EXIT Festival’s efforts to reshape the live events industry by integrating blockchain technology for a more secure and engaging ticketing process.

Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.