As we edge closer to normality on what feels like a daily basis, the prospect of festivals is a hotly-discussed topic. With many people crying out for large-scale musical stimulation, one major festival has taken a pioneering step in preparation for this year’s edition of their globally-revered event.
Serbia’s EXIT Festival is an increasingly popular destination on the global festival calendar, with people visiting in droves from around the world in growing numbers every year. Past editions have played host to the biggest names in House and Techno music, with this year’s festival already promising performances from Nina Kraviz, Eric Prydz B2B Four Tet, Solomun, ARTBAT, Honey Dijon, Hot Since 82 and many more industry heavyweights.
But what makes this year so different?
With the undeniable rise in the phenomenon of cryptocurrency, EXIT Festival has announced that they will be accepting Bitcoin as a form of payment for tickets to this year’s festival.
“The potential of blockchain, digital exchange and currency is exciting, and we wanted to make sure we are at the forefront and are utilising new technologies and able to engage with our tech-savvy audience as technology evolves and changes,” says EXIT Festival CEO & Founder Dusan Kovacevic.
Not only is EXIT Festival on course to be the first major festival of its kind to re-open this year, but they are also the first to embrace the growth of blockchain, digital currency and non-fungible tokens (NFT’s).
The purchasing process is already simple and streamlined. Once users have filled their basket in EXIT Festival’s webshop, they are presented with an option to pay with Bitcoin. This generates a QR code to scan with your Bitcoin app, and once the payment is confirmed, you will receive your tickets.
With EXIT Festival leading the way for innovative financing, will other brands now begin to follow suit?
This year’s EXIT Festival marks the 20th edition and takes place at the Petrovaradin Fortress in Novi Sad from 8th till 11th July.