Bucharest, Romania, February 19th, 2024, Chainwire
RHUNA is a visionary fintech platform dedicated to revolutionizing the events and entertainment industry through innovative technology.
By integrating Web 3.0 and blockchain technologies, RHUNA aims to enhance user experiences, improve security and transparency, and foster a closer, more engaged community around the globe.
UNTOLD Universe is one of the world’s top 5 music festival organizers with more than 1.5 million attendees over the course of each year. Rhuna represents the merging of their experience with CryptoDATA’s innovative technology development expertise with this pioneering platform.
Among the key features it offers, and leveraging the power of blockchain, RHUNA introduces a decentralized ticketing system, where tickets are issued as non-fungible tokens (NFTs). This ensures authenticity, ownership, and a secure, transparent secondary market. This system effectively eliminates common issues such as fraud and scalping, providing a fairer and more trustworthy ticketing experience. Modular feature structure within the ecosystem means even enormous event organizers can customize their event management, especially ticketing and payments, at breakneck speeds and with precision accuracy.
The platform will also feature integrated digital wallets supporting various cryptocurrencies, enabling seamless transactions for tickets, merchandise, and services. This inclusion not only caters to the growing crypto-savvy audience but also reduces fees and simplifies the payment process.
Smart contracts will automate key transactions and agreements, from ticket sales to performer payouts, ensuring efficiency, transparency, and trust across all transactions. Furthermore, RHUNA places a strong emphasis on user privacy and control, allowing attendees to manage their personal data securely through decentralized identities.
In an industry first, RHUNA will introduce a token-based loyalty and rewards program, empowering users with the chance to earn tokens for various activities. These tokens can be redeemed for exclusive experiences, merchandise, or discounts, fostering a strong sense of community and engagement within the RHUNA ecosystem.
The platform also pioneers the use of Decentralized Autonomous Organizations (DAOs) for event planning, giving the community a voice in decision-making…
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