12 Oct 2021 · 3 min read

Your Gateway to the Crypto Industry: Revolutionising Event Management Through Events dApp

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

COVID-19 led to many events going digital instead of cancellation due to the powerful technology governing many online videos and live stream platforms. 

As restrictions started to lessen in many places across 2021, in-person event planning is largely back on the rise with a few caveats. Event planners and managers now have to emphasise health and safety considerations like social distancing and other COVID safety measures while juggling the merits of a virtual option for an in-person event. 

Many presume event managers had an easier time pivoting to online-only events amid lockdowns and heavy restrictions on in-person activities. However, Boston University adjunct professor Joanne Dennison explains, “a well-designed, well-run virtual meeting takes as much work as an in-person one. More than the logistics, how do you make it interesting? How do you make it entertaining….” 

Dennison believes the pandemic will make hybrid activities, with both an in-person and virtual option, “the norm as opposed to the exception.” 

Staying cognizant about COVID-19 considerations while planning and managing hybrid activities equates to a lot of work for event managers. A wide range of event management software, tools, and platforms have arisen to capitalise on lucrative market opportunities and help the ticketing and events management industry continue to grow and adapt.

Using PhoenixDAO’s Revolutionary dApp To Plan Events And Buy Tickets 

Relying on blockchain technology and decentralised finance (DeFi), PhoenixDAO’s Events dApp is an Eventbrite-style platform equipping any user to host an event or buy and sell tickets for an already existing event. Phoenix’s PHNX-ID solution allows all tickets to be tied to a user’s unique ecosystem identity. They will stay securely linked with the particular user wherever they go. Smart contracts govern events and associated activities, like ticket issuing, payment processing, and refund. 

Event managers can use the dApp to create free events or opt for a paid one, with attendees paying the required fee in PHNX tokens. In September, the PhoenixDAO team noted how additional cryptocurrencies and onramp methods would be integrated over the coming months. 

Event creation customisation options include standard fields like the location, time, date, place, and category, alongside the potential for exclusive, customisable ticket quantities. Created events are instantly live in the Events Marketplace with the event image and data stored thanks to IPFS technology.

The use of blockchain technology and DeFi eliminates the risks of duplicate or counterfeit tickets, bulk purchasing, and hoarding of tickets for reselling at a higher price. Counterfeit tickets have plagued the events industry for years due to the many security limitations of traditional ticketing platforms. 

The issue of fraudulent or manipulated tickets has remained high across 2021 as thieves remain interested in profiting off of sold-out events as coronavirus restrictions continue to ease in many locations. From January through June 2021, UK officials estimated around 1 million GBP (roughly USD 1,363,000) had already been lost to ticket fraud. 

In mid-September, PhoenixDAO announced a range of platform optimisations and enhancements to its Events dApp. Team members worked to optimise the UI, partnered with Transak to provide fiat onramp services, integrated fiat-to-crypto deposits and withdrawals. They rolled out multi-chain support so dApp users can see and host events on Ethereum or Polygon. The advanced cross-chain interoperability means event managers can use their preferred network of choice while taking advantage of the robust architecture on either platform. The project also recently announced its major developer update that tackled a lot of issues and catered to performance improvements within its all new events dApp. 

PhoenixDAO revealed more details about an affiliate program with Travala.com, a popular cryptocurrency-friendly travel booking service with more than 3,000,000 worldwide travel products. Thanks to the program, dApp users will connect and book one of Travala’s properties in 230 countries. 

PhoenixDAO’s Events dApp remains a comprehensive, simple, and secure solution to buy and sell tickets and create events by harnessing the unique capabilities of decentralised finance and blockchain technology. Event managers interested in leveraging the Events dApp can visit PhoenixDAO’s website to get started

About PhoenixDAO

PhoenixDAO is a revolutionary decentralised environment that has curated a list of flagship dApps, all designed to create a more rewarding and accommodating environment for the crypto community. PhoenixDAO is powered by The DAO (governance system), Staking dApp, Events dApp and the dApp store. 

PhoenixDAO is an autonomous project with unique protocols (Identity management, authentication, payment, and tokenization protocols), which helps create a secure and safe decentralised space. 

Learn more about PhoenixDAO and Events dApp at https://phoenixdao.io/.

White Paper: https://github.com/PhoenixDAO/PhoenixDAO-docs/find/master?q=

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