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Success Stories
Revolutionizing Mystic Valley Festival with On-Chain Payments
Powering payments at Mystic Valley Festival with Freedom Wallet
Using Fuse and the freedom, businesses can digitize with their own tokenized WEB3 ecosystem to incentivize customers with benefits and innovating new ways to put blockchain in the hands of everyday people.
Kevin Heng
Chief Strategy Officer & Co-founder of Bitazza.
Event Ticketing & Loyalty is Evolving
Event organizers struggle with traditional ticketing and loyalty systems, failing to meet the needs of attendees.
Rampant ticket scalping results in inflated prices, reaching up to 5 times the original value and accounting for over 20% of global sales, with organizers receiving no share of profits.
Additionally, organizers lack comprehensive attendee data, limiting their ability to personalize campaigns and support. At the same time, poor fan engagement persists due to bot purchases, technology glitches, and complicated ticket access processes, affecting up to 40% of tickets.
Overall, existing ticketing solutions fall short, causing frustration for both fans and organizers.
Seamless Integration
Freedom Wallet, built by Bitazza, leverages Fuse Network's blockchain platform and Mobile Wallet SDK to provide a seamless payment experience for event organizers and attendees through the Freedom Wallet mobile app.
Mystic Valley Festival in Thailand exemplified the utility of the Freedom Wallet by implementing a token-based system for transactions.
Within this digital ecosystem, attendees can effortlessly secure NFT admission tickets, reserve accommodations at partnered hotels, and easily maintain their digital balance to purchase food, drinks and more.
Beyond its transactional capabilities, Freedom Wallet is designed to foster engagement and interaction among attendees through gamification elements such as quests and incentives.
Participants are incentivized to explore the event space, discover exclusive content, and connect with fellow attendees. Enhancing the overall event experience while encouraging repeat attendance and brand loyalty.
Cashless Convenience with MYST
Introducing MYST, minted on Fuse and pegged to the Thai Baht as a stablecoin, provides attendees with safer and more efficient contactless payment options.
MYST facilitates seamless transactions during the festival and offers the convenience of converting unused MYST back to fiat currency.
Fuse Network's low transaction fees of $0.0001 further enhance the affordability of cashless payments and can significantly reduce the cost of payment processing.
Another standout feature of Freedom Wallet is its integration of Non-Fungible Tokens (NFTs) for ticketing purposes. NFT tickets offer unparalleled security and authenticity, virtually eliminating the risk of counterfeit tickets.
Attendees can purchase and resell NFT tickets directly through the Freedom Wallet app, simplifying the ticketing process and enhancing peace of mind.
Actionable Analytics
For event organizers, the insights provided by Freedom Wallet are invaluable. By tracking transaction data, attendee behavior, and revenue streams, organizers gain a deep understanding of event performance and attendee preferences.
With this data-driven intelligence, organizers can make informed decisions to optimize future events and drive success.
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