Tickets Now On Sale for San Francisco's First 'Blockchain Music Festival'

Tickets for the first music festival set to be powered by blockchain technology are now on sale.

Scheduled for this fall, the Our Music Festival is launching its own virtual currency - the OMF token - at its inaugural event in San Francisco's Civic Center Plaza.

Headlining artist 3LAU, whose real name is Justin Blau, is Our Music Festival's brainchild.

He is supported by a team of music and cryptocurrency veterans from Creative Artists Agency, Paradigm Talent Agency, Spotify, Billboard, Prime Social Group, CID Entertainment and SINGULAR DTV to organize the festival chain.

Throughout his music career, he has seen street scalpers, Craigslist and ticketing vendors artificially drive up prices for music event attendees, scam innocent buyers, and squeeze out profits from musicians and agents.

Our Music Festival envisions a decentralized, end-to-end, direct-to-consumer music ticket pipeline that makes supply and demand economics fully transparent and ticket users digitally verifiable to optimize pricing on all sides, features which Blau claims are not supportable without blockchain technology.

This is why Our Music Festival customers will be able to curate events and tickets will be inexpensive relative to standard-fare price tags that typically reach hundred dollar markups, he says.

Our Music Festival also incentivizes event attendees to stay loyal to the music-going experience.

In the last several years, Blau has toured Electric Daisy Carnival and debuted at Hakkasan, Rehab and Drai's nightclubs on the popular music festival and Las Vegas residency circuits.

"Justin has put a lot of his music on hold to focus on this projectthe truth is he spent the past 18 months diving into all aspects of blockchain to immerse himself in the industry. So, he's not just some DJ trying to use his fame to get into crypto and make some money."