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Europe’s Biggest Music Festival — UNTOLD 2021 To Accept Crypto


coinquora.com 17 August 2021 10:00, UTC
Reading time: ~2 m

  • The largest music festival in Europe announces crypto payment for ticket payments.
  • UNTOLD 2021 will collaborate with Elrond (EGLD) for this year’s music fest.
  • The music fest invited big name DJs like David Guetta and Martin Garrix.

UNTOLD, the largest festival in Europe this year, announces that UNTOLD 2021 tickets will accept Elrond (EGLD) crypto payment.

In cooperation with Elrond Network, the developers of the blockchain-powered music festival, UNTOLD has announced that tickets for the mega-festival will be available for purchase using the EGLD cryptocurrency for UNTOLD 2021.

Of note, the festival was attended by more than 375,000 people back in 2019. This year, the top 3 best DJs in the world – David Guetta, Martin Garrix, Dimitri Vegas & Like Mike will host the festival. Aside from this, international legends such as The Script, Parov Stelar, Tyga, Sam Feldt, and many other incendiary bands, artists are set to take the stage.

Clearly, crypto enthusiasts will enjoy this year’s UNTOLD music fest. At the same time, festival-goers who are new to crypto will be able to learn about blockchain, get their first digital wallet, and own their first cryptocurrency.

Attendees will also be able to experience an unforgettable “NFT moment” during the Untold mainstage event. Those NFTs will be added to the Maiar Digital Marketplace at a later time, where attendees will be able to pick them up as part of their eternal digital collection.

Both parties have expressed their excitement on this collaboration. Elrond Network CEO Beniamin Mincu shared,

This year we engage with EGLD tickets purchases and NFTs. We look forward to exploring additional use cases in the following editions, such as a festival economy running on semi-fungible tokens issued on the Elrond Network, or artists dropping NFTs live on stage, for all their Maiar fans to uniquely engage with.

Meanwhile, Bogdan Radulescu — Head of Partnerships and New Business at UNTOLD Festival, shares that he is thrilled to be back with a slightly different world this time. According to UNTOLD, the collaboration fees between the two partners will be settled in EGLD and will be kept as such on the Untold SRL balance sheets.

Lastly, Elrond price is trading at $152.62 with a 24-hour trading volume of $150,906,286. Also, it has gained 10.58% in the last 24 hours at the time of writing.

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