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Festival Insights NEWS: DCentralize Announces the UK’s First Web3 Electronic Music Festival

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DCentralize Festival will put the power back in the hands of the music community by transitioning into a DAO (Decentralized Autonomous Organization), an organization constructed by rules encoded as a computer program that is transparent and controlled by the organization’s members, in DCentralize’s case, this will enable token-holders to participate in decision-making of the festival.

Driven by blockchain technology, DCentralize is a hybrid music festival and conference that will be held at Prestwold Hall Estate in August 2023. The live event will be streamed simultaneously in a custom-built metaverse hosted by Passage.

DCentralize Festival is on a mission to empower artists and enact social change through decentralization as the first festival brand to be tokenized and fully-owned by its community. Bridging the music and tech sectors, DCentralize aims to drive the evolution of the music industry using the…

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