Fansland announces the opening of the world's first Web3 music festival

Original source: Fansland

Fansland has received nearly 10 million US dollars in funding from IME, Linear Capital, Eleve Capital and Falablock to develop the Fansland.AI ecosystem, which includes AI virtual idol DEX, Web3 music festival, NFT tickets and physical asset DeFi (RWA DeFi).

 

Currently, Fansland has teamed up with Fantopia, IME, Neo, Neuroblocks, Hape, BAC Games, LingoAI, NOTHING RESEARCH, Transi, Titan Network, Trip.com , Trekki NFT, OneKey, HPOS10I, IOST, NFTGo, Gonesis, and NFT special support partner BNB Chain to announce that the world's first Web3 Music Festival will be held in Bangkok, Thailand from May 4 to May 5, 2024. The last round of NFT ticket sales has now started, and confirmed performers include PSY, BKPP, Henry Lau, Park Chanyeol, Edison Chen, 24KGOLDN, Gen1es, etc.

The world's first Fansland Web3 Music Festival

 

The first redefines music festival experience with innovative Web3.0 technology, art and music will be landed in Bangkok on May 4-5, 2024.

"We're All Gonna Make It"

「Billions of fans-level Web3 applications in real life」

Fansland Web3 Music Festival is a bold attempt in the Fansland ecosystem. It aims to create the world's largest Web3 music festival, expand the application of Web3 from the virtual world to real life, build a real large-scale application scenario, and allow more non-Web3 users to enter the world of web3 painlessly.

The music festival uses an NFT ticket system, processes ticketing through blockchain technology, tokenizes music products and experiences, and allows the use of cryptocurrencies to purchase goods and services on site. For non-Web3 users, this is the first stop on their journey down the crypto rabbit hole. They will be able to experience the purchase and use of cryptocurrencies, as well as the unique crypto culture. Through the music festival, cryptocurrencies and NFTs are no longer limited to on-chain financial games, but have real purchasing power.

At the same time, the festival provides a real-world performance stage for the AI idols who have already debuted. These AI idols will not only come to the festival to perform live, but part of the income from their performances will also bring dividends to the holders of the idol tokens. Web3 Music Festival will be an important part of realizing the decentralized fan economy business closed loop.

NFT Tickets and RWA DeFi

Fansland's NFT ticket system has completely revolutionized the ticket model for traditional music festivals and concerts. By casting tickets into NFTs, it not only effectively solves common problems such as fake tickets and scalpers, but also gives tickets unprecedented economic value. These NFT tickets not only serve as admission tickets to watch performances, but also connect to the Fansland ecosystem, enabling ticket holders to participate in the points system and potential token airdrops, thereby greatly increasing the added value and attractiveness of the tickets.

The combination of NFT tickets and RWA DeFi strategy makes music festivals and concerts no longer just one-time spiritual consumption, but an asset that can be circulated in the secondary market. Participants can participate in the Fansland ecosystem through NFT tickets, carry out derivative DeFi gameplay, and further release the economic and investment potential of ticket assets, thereby turning consumption into investment.

About Fansland

After a busy day, you return home tired, start your Fandland AI idol to accompany you, and tell him about your experience of the day. He not only listens to your troubles, but also sings the latest album for you, making your stress dissipate instantly. What's more exciting is that he invites you to participate in the upcoming live performance and exclusive meet-and-greet at the upcoming music festival. Just as you were immersed in this special joy, the reminder sound of your mobile phone sounded, "ding ding", indicating that you have gained more Fansland points through interaction with the AI idol, and the price of the idol Badge token in your hand has risen again, which means that the idol assets you invested in have gained more benefits.

This is the future fan economy that Fansland.AI intends to build. By integrating Web3 and AI technology, we will build the best DeFin (Decentralized Fans Economy Infrastructure) for fans around the world, redefine the fan economy, and open an era of co-creation between fans and idols.

The Fansland.AI ecosystem includes AI virtual idol cultivation, Web3 music festivals, NFT tickets, and physical asset DeFi (RWA DeFi), providing fans with an unprecedented sense of participation, allowing everyone to create their own AI idols in a personalized way, allowing every fan to interact deeply with idols, co-create the idols' debut and growth, and obtain material and spiritual rewards.

Fansland. AI Virtual Idol Cultivation

"Fans are agents, the web3 world never-ending creation 101"

In the traditional idol cultivation system, centralized brokerage companies control the entire process from selection to debut, have absolute voice, and occupy most of the profits. Fans are only passive consumers at the end of the economic chain, unilaterally generating electricity for love, and the distance between them and idols is out of reach. Fansland will completely subvert this model. Through its AI idol launch platform and decentralized exchanges, it will build a new interactive model between fans and idols, and directly return the profits originally taken away by centralized brokerage companies to fans and idols, creating a new idol economy era where fans are agents.

AI Idol Launchpad

Fansland AI Idol Launchpad is a revolutionary decentralized AI idol cultivation platform that covers the entire process from AI idol creation to training and token issuance. Here, fans are no longer just spectators, but also participants and beneficiaries in the idol's growth process, who can directly influence the idol's career development and share success.

With decentralized AI technology, fans can cultivate their own idols and interact with them in depth. By cooperating with the top decentralized computing power and large model training projects, Fansland will provide a wealth of AIGC tools to support individual creators, artists or creative teams to freely create and customize the appearance, voice and personality of AI virtual idols on Fansland. In addition, Fansland has also launched a real-life AI function to create AI virtual avatars for real stars.

The idol's debut and the issuance of its exclusive Badge tokens are entirely up to the community users. By initiating a proposal and mobilizing community members to vote using the Fansland platform's $FANS tokens, the future of the idol can be jointly decided. Once the proposal is passed, the idol tokens will be issued in limited quantities and the idol's debut will be officially announced on the Fansland AI Idol platform. Idol token holders can not only enjoy the dividends generated by the idol's participation in commercial activities (such as endorsements, concerts, music festivals, etc.), but also participate in the training of AI idols, vote on the idol's future development path, and enjoy a series of in-depth interactive opportunities including private meet-and-greets. As the popularity of AI idols grows and the value of idol Badge tokens increases, fans as token holders will also directly benefit from the idol's success.

The Fansland AI Idol Launch Platform not only provides idols with powerful personal IP empowerment, helping them bypass traditional centralized platforms and directly connect with investors. At the same time, it allows fans to directly participate in the cultivation and business decisions of idols, co-create idols' careers, and get rewards from them, truly realizing the two-way rush of idols and fans.

AI Idol DEX

AI Idol DEX is a decentralized trading platform in the Fansland ecosystem, allowing users to freely trade AI Idol tokens and unlock a series of DeFi gameplay.

AI Idol DEX uses the AMM model and is deployed on multiple blockchains. Fansland AI Idol DEX has improved the mathematical formula to allow liquidity pools to contain two or more tokens, which increases trading flexibility and reduces the risk of impermanent loss. At the same time, users can also create custom liquidity pools and set the ratio and fee rate of different idol tokens. These pools will continuously and automatically rebalance the ratio of tokens in them.

DEX also adopts the VE model. Users holding Ve tokens can not only participate in proposal voting and share protocol revenue, but also obtain higher liquidity mining rewards. In addition, DEX has introduced an enhanced liquidity pool, working with leading lending platforms to use idle funds in the pool for lending to obtain additional interest income.  

In this way, users holding AI idol tokens can obtain a variety of DeFi combined benefits, such as DEX liquidity pool transaction fees, liquidity rewards, lending interest, and liquidity rewards from lending platforms. This greatly improves the efficiency of fund use and potential returns.

The fair and transparent trading environment of AI Idol DEX effectively reduces the control of traditional centralized brokerage companies and platforms over the idol market. This enables fans to directly participate in the economic activities of idols, and through a variety of profit mechanisms, the role of fans changes from passive consumers to active investors and beneficiaries. This not only strengthens the close connection between fans and idols, but also greatly enhances the participation and vitality of the fan economy, injecting new impetus into the entire fan economy ecosystem.

Fansland Economic System

The Fansland ecosystem has built a diversified economic system, integrating various assets such as tokens, points, NFTs, 404s, etc. into its combined gameplay, greatly increasing the liquidity and diversity of the fan economy, and providing practical application scenarios.

Fansland currently has four major asset types in the ecosystem: platform token $FANS, AI idol tokens, Fans points, and NFT ticket assets

As a governance token, $FANS gives holders a number of rights, including voting to decide whether AI idols will debut, participating in the new issuance of idol tokens, and staking mining. These tokens can be obtained through Fans points redemption, airdrops, initial token offerings (IDOs), or purchases on major cryptocurrency exchanges. In order to maintain the value of the token, Fansland officials will regularly repurchase and destroy $FANS with treasury funds. Fansland will start airdrops of $FANS tokens in the future, so stay tuned.

Once the AI idol gains community support and enough votes, its idol tokens will be issued in limited quantities through the Fansland AI idol launch platform. The launch process adheres to the principle of fair launch, and the team does not reserve, pre-mine, or private placement. The tokens launched will be drawn at a certain ratio, part of which will flow into the treasury to support ecological development, and part of which will be used to improve liquidity. Users holding Badge tokens can not only participate in the idol's commercial activities and receive dividends, but also participate in idol training, vote to plan the idol's future development, enjoy the right to in-depth interaction such as private meet-ups. Idol tokens can be freely traded on Fansland's AI Idol DEX and can be used to participate in liquidity mining.

Fans points are the basic assets and certificates of participation in the Fansland ecosystem, and are an important reference for future airdrops of platform tokens. Fans points can be exchanged for $FANS tokens according to a dynamic ratio to unlock a variety of services, such as AI idol customization, in-depth interaction and other functions. These points can be obtained by purchasing Web3 Music Festival NFT tickets, completing official tasks, participating in community activities, or directly using $FANS redemption.

 

NFT ticket assets mainly include music festival and concert tickets, which are not only important credentials for participating in Fansland offline activities, but also can unlock various products and services within the ecosystem. In addition, fans holding NFT tickets can also obtain a number of additional rights and interests such as token airdrops, points airdrops, and future whitelist qualifications.

Conclusion

By building a decentralized fan economy infrastructure and ecosystem, Fansland is breaking the traditional role of fans, expanding the boundaries of entertainment and participation, and giving every fan the opportunity to become a co-creator and partner of idols. A new era of fan economy is about to begin!

This article comes from a contribution and does not represent the views of BlockBeats.

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