One of the themes that is popping up in all sorts of places at the moment is to what extent automation really works; can we really rely on AI entirely?
Croatian music fest launches NFT ticketing, aiming to become world’s first DAO festival
Slated for August 2021 on Pag, Circus Maximus festival is taking a unique approach
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Circus Maximus is set to become the First DAO (Distributed Autonomous Organisation) approach festival in the world.
What exactly does that mean?
A DAO is based on rules encoded in smart contracts, which can be organised around common goals or interests. Most DAOs are - at least currently - focused on finances, but Circus Maximus is aiming to change that. One day, Circus Maximus plans to apply a smart contract to the festival budget. In effect, that means the community (in this case, music fans) will have the main say - about everything from venue location to performers, plus how and where the budget will be distributed.