This YouTube demo (presented by Grace Gong and a second speaker) pitches Festival, a Web3 platform that helps musicians monetize NFT collections and host virtual concerts/festivals on Gathertown. Grace outlines the problem (Web2 captures most value), the NFT-driven creator-value proposition, and a market projection ("Projected to be worth 13 billion by 2027"). The demo walkthrough shows how Festival pulls an artist's NFTs from DESO (via the diesel protocol) and embeds them as an interactive carousel in a Gathertown space so audiences can view and buy NFTs during an event.
Chapters
Hi, I'm Grace and this is our demo video for Hackerland. It's hard for most musicians to make money nowadays. Festival enables artists to engage and build fan loyalty by monetizing their NFT collections and hosting virtual festivals and concerts on Gathertown. Although Web2 platforms allow some monetization, they collect the lion's share of the value creation. NFTs in Web3 give the power to creators, enabling them to reach their audiences directly. With Festival, we make it easy for artists to reward their fans for supporting their work and and contributing to the growth of their fan base. Artists NFTs may appreciate in value as their community grows. Many musicians have already taken advantage of this growing market. Projected to be worth 13 billion by 2027. Its three growth areas are in gaming, influencers and digital art. This is an example of a roadmap and user benefits. On to our demo.
First you need a concert space on Gathertown so you can create one. And then Festival would help you monetize your concert with the power of NFTs and DESO. So for that you need to head over to diamond and then create an nft. Since I've already created one over here, I'm going to go to my wallet and then copy my public address or public key from here and then I would head over to this link where we have deployed Festival and simply paste it over here. Now you need to copy this entire thing and then go to Gather and then put an object from here. So I want my NFT to be displayed in a bulletin. So I'm going to click on to embedded website and then paste that link I just copied. Now select it and then drop it anywhere on your concert floor area. So I'm going to drop it here. Now your audience can come close to this object and then press H to interact. And then Festival would pull all of your NFTs from DSO and then display them over here so that your audience can buy them and support you. Now this would generate a carousel with React and it would pull all of those NFTs using the diesel protocol library.
