For the ones who do not know but ConcertVR is owned and run by Good stuff-Media which is a Berkin based company. This particular platform is known to bring the real experience of a concert directly to the users with the help of VR technology. This is a new company that has come into operations and it is doing quite well. If you are interested to learn about the company then you need to go through the details given below.
Why ConcertVR?
The concertvr platform is basically very straightforward. All they want to do is to bring the real experience of festivals and concerts to the users through the Virtual Reality technology. In order to make this happen the platform is known to make use of vendors, cryptocurrency to enable artists and ticketing platform in order to trade and communicate with others in the ecosystem. The main objective of the project is to make the economic and visual experiences better for the players that are there in the music industry. The best thing about this company is that all the team members of the project have been a part of the media industry before. Each of them at least has 15 years of experience in the media field. One of the main thing about this platform is that their camera angles that they record at any festival or concert. This allows the users to choose where they want to be during the concert. This has been made possible by the company with the help of their eye-tracking technology. Finally, the company also make use of the blockchain technology which helps them to solve the complexities of the concert ecosystem between ticket sellers, managers, artists, merchandise and so on. This platform allows artists to sell their tickets with ease since anyone can watch the concert from the comfort of their homes.
How does it work?
The main objective of the company is to provide a real experience of concerts and festivals to its users with the help of VR technology. Other than that they also aim to solve the problems of the music industry as well that are mainly faced by the ticket sellers, managers, and artists. The company tries to provide its users with the best concert experience that they want. Other than just providing live footage of concerts to the users, the company also aims to establish an online store where users can buy songs, special content and concert events.
Tokenization
concertVR is known to make use of the ERC20 token. The company has mentioned in its white paper that they are initially going to use Ethereum. The company is also planning to host a large portion of their data in a decentralized platform with the help of the Ethereum Virtual Machine.
Final Thoughts
In short, it can be concluded that ConcertVR is one innovative project that is surely going to transform the experience of live concerts and festivals. If you want to know more then, you can go through their whitepaper as well.
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Posted from my blog with SteemPress : https://icoshrimp.com/concertvr-revolutionising-the-experience-of-live-concerts/