The Untold Festival is about to take place in the upcoming month of September in Romania. It is one of the largest music festivals in entire Europe and welcomes fans and music loves from all over the world.
This time again, the Untold Festival is anticipating huge crowds of music lovers from all over the world. However, the management and organizers of the event have come up with another major news for the fans.
It has been reported that this time, the organizers are going to benefit from cryptocurrency technology. This is being done by the organizers with hopes of generating high sales and bringing in more fans for the upcoming festival.
The organizers have announced that in order to make it happen, they have partnered with Elrond Network. After forming a partnership with Elrond Network, the Untold Festival will be able to allow the fans to purchase tickets with cryptocurrency.
Untold Festival executives made the announcement around their partnership with Elrond Network on Tuesday, August 17, 201. In the announcement, they have revealed that the people wanting to become part of the festival can purchase the tickets through the usual payment methods.
In addition to the usual payment methods, the festival attendees would be able to purchase tickets with the help of Elrond (EGLD). Despite the pandemic concerns, the Untold Festival management has announced that they will allow everyone to attend the festival. The management has announced that they will not set any maximum limit to the number of attendees
Since June of 2021, the number of COVID-19 cases has been declining in Romania. As of now, the total number of COVID-19 cases in the country has come down to 1,000 cases per day. This is the reason why the Untold Festival will move ahead and let anyone attend the festival who wishes to do it.
Beniamin Mincu, the CEO at Elrond Network talked about the significance of partnering with Untold Festival. Mincu stated now that the pandemic is over and cryptocurrencies have occupied a lot of ground in the industry, more platforms are adopting cryptocurrencies.
The organizers at the Untold Festival are very eager to find out exactly how many of their fans and attendees have moved to cryptocurrencies. By adopting cryptocurrencies as a payment method, Untold Festival will be able to bring in more crowds and also move on to offer more cryptocurrencies in near future.
The cryptocurrency industry has been constantly growing, especially, in the music industry where artists have started adopting non-fungible tokens (NFTs) to their benefit. Over time, the cryptocurrency industry is going to cover more ground within the music industry and Untold Festival would be one of the projects in the music industry to adopt it.