RHUNA Launches to Revolutionize the Events and Entertainment Industry with Fintech Innovation

Bucharest, Romania, February nineteenth, 2024, Chainwire

RHUNA is a visionary fintech platform devoted to revolutionizing the occasions and leisure business by modern know-how.

By integrating Web3 and blockchain applied sciences, RHUNA goals to improve consumer experiences, enhance safety and transparency, and foster a better, extra engaged group round the globe.

UNTOLD Universe is considered one of the world’s high 5 music pageant organizers, with greater than 1.5 million attendees over the course of every 12 months. Rhuna represents the merging of their expertise with CryptoDATA’s modern know-how improvement experience with this pioneering platform.

Amongst the key options it provides, and leveraging the energy of blockchain, RHUNA introduces a decentralized ticketing system, the place tickets are issued as non-fungible tokens (NFTs). This ensures authenticity, possession, and a safe, clear secondary market. This technique successfully eliminates widespread points equivalent to fraud and scalping, offering a fairer and extra reliable ticketing expertise. Modular function construction inside the ecosystem means even huge occasion organizers can customise their occasion administration, particularly ticketing and funds, at breakneck speeds and with precision and accuracy. 

The platform will even function built-in digital wallets supporting varied cryptocurrencies, enabling seamless transactions for tickets, merchandise, and companies. This inclusion not solely caters to the rising crypto-savvy viewers but additionally reduces charges and simplifies the cost course of.

Good contracts will automate key transactions and agreements, from ticket gross sales to performer payouts, guaranteeing effectivity, transparency, and belief throughout all transactions. Moreover, RHUNA locations a robust emphasis on consumer privateness and management, permitting attendees to handle their private information securely by decentralized identities.

In an business first, RHUNA will introduce a token-based loyalty and rewards program, empowering customers with the likelihood to earn tokens for varied actions. These tokens could be redeemed for unique experiences, merchandise, or reductions, fostering a robust sense of group and engagement inside the RHUNA ecosystem.

The platform additionally pioneers the use of Decentralized Autonomous Organizations (DAOs) for occasion planning, giving the group a voice in decision-making processes, from occasion themes to artist lineups. This democratized strategy ensures that RHUNA stays intently aligned with the needs and preferences of its consumer base.

“The Rhuna project is more than just a technical solution. It is an adaptable dynamic system that interconnects social and technical elements, providing opportunities through solutions for a wide range of needs. The architecture, technologies, implementation method, and usage mode are elements that impact the optimization of resources in carrying out any activity. In the current dynamic, resources such as time, people, materials, and costs are primary elements that influence each other in a multi-way within a 3D system. Rhuna represents the perfect tool that allows anyone to access and control them. Rhuna is a way in which anyone can visualize or actively intervene in them. Rhuna is like a catalyst that materializes and organizes the abstract into a form that’s indispensable for everyone involved in the entertainment industry.” – Bogdan Mărunțiş, Head of World Technique, CryptoDATA

Bogdan Rădulescu, Co-founder and CBO of UNTOLD, put it merely: “We are redefining event organization and engagement, pushing the boundaries of festival finance into the 21st century for the benefit of organizers worldwide.”

The interface is accessible to attendees of all technical backgrounds and is ready to debut at the ninth Version of the UNTOLD Competition in Cluj-Napoca, Romania. RHUNA goals to improve the pageant expertise for over 400,000 attendees, introducing one other contact of innovation in the “world capital of night and magic.”

About CryptoData

A pacesetter in tech innovation, CryptoData develops options that tackle real-world challenges, pushing the boundaries of know-how for social progress. Customers can uncover extra at cryptodata.com.

About UNTOLD Universe

Recognized for creating transformative experiences by music and leisure, UNTOLD Universe invitations you to discover enchanting realms at untold.ae.

Customers are welcome to be part of this thrilling journey on RHUNA.io, the place know-how meets leisure to create unforgettable experiences.

For extra info and updates: Discord | Twitter | Instagram | Facebook | Medium

Bogdan Rădulescu
[email protected]

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