A music festival that only runs on crypto-currency? It's real and it's only in the Bay Area.
The Bay Area's newest fest, OUR Music Festival (OMF), is also the world's first-ever crypto-fueled festival. The concept is fairly simple: Concertgoers can earn (and learn about) crypto-currency by participating in the festival's ecosystem, exchanging the new OMF Tokens for merchandise, food and drinks. The festival will also feature a crypto-corner, giving participants the chance to chat with and learn from some of the top blockchain companies in the world.
On the music side, OMF has assembled a truly great lineup of talent including acts by Grammy winner Zedd, hip-hop royalty Big Sean, electronic dance and music producer 3LAU, indie-pop muses Matt and Kim and others.
Following the inaugural event, the OMF Token will be available publicly and fans can start to redeem OMF Tokens for tangible goods beyond the OMF grounds like tickets to other fests, VIP upgrades and exclusive access. In the long term, OMF hopes to develop technology that will also mitigate ticket inflation, counterfeiting and scalping.
The fest goes down October 20th at the Greek Theater in Berkeley. Tickets can be purchased using Bitcoin, BitcoinCash, and Litecoin at omf.io.