Cultural Places, a platform specialized in connecting cultural institutions and visitors, promises to crack down on ticket sellers via Blockchain technology

The Austrian company wants to tackle the inflationary effect that touts have on the secondary ticket market by introducing its own cryptocurrency – the cultural coin. The piece, based on the Ethereum frame, will allow consumers to buy tickets directly from museums, concert halls and tourist sites, while offering a transparent venue for resale. they can not participate

has urged governments around the world to restrict the practice because those who buy used tickets are not always guaranteed access to events.

Cultural Places plans to stand out from other Blockchain ticketing sites with a focus on cultural quality. content and work closely with institutions around the world. He believes that this strategy will create credibility with consumers who, until now, have had to visit several websites to plan and purchase a trip. In his white paper, the company says that bringing all the information that visitors need on a platform would eliminate the confusion that can be caused by poor and questionable suppliers. , which would "democratize access to cultural knowledge". new cryptocurrency: the cultural currency

The company plans to introduce crypto ticketing in 2019, with a portfolio for cultural coins. The fees associated with buying tickets to exhibitions, galleries, concerts and landmarks would be 6 percent – a stark contrast to the 30 percent commission required by some current suppliers of ticketing

in four ways. Cultural venues would receive a 3% share of revenue, 1% would be returned to customers through a loyalty program, 1% would go to all ecosystem users who hold cultural coins, and 1% remaining

Audio guides and store memorabilia would also be on sale through the app, allowing visitors to skip queues and make the most of their time.

Building the Community

Cultural Places says that the number of institutions with which it has a business relationship is "growing minute by minute", with 30 sites in six countries on books at last count. Among its partners are the Borobudur Temple in Indonesia – the largest Buddhist temple in the world and Stephansdom, an iconic cathedral in Vienna.

The company wants to reach a European market share of 12% by 2023. at a landmark near you. Cultural Places has a list of attractions that he would like to join at his platform – including the Louvre in Paris, the Tate Galleries in London, the Coliseum in Rome and Angkor Wat in Cambodia.

Each institution joining the platform would receive help to "transform their content to be ready for the demands of a new generation". This allows users to see sites virtually before visiting them in person, and fits perfectly into the current cultural politics in Europe, where digital preservation of precious objects has become a priority.

The community of cultural places will be strengthened through a social network where institutions, cultural experts and the public can come together to debate and share knowledge. Crowdfunding will also be introduced in the third quarter of 2019, and the company hopes that this will greatly enhance the scale of exhibitions and arts activities in society.

One of the first ICO of Austria

Under the direction of CEO Patrick Tomelitsch, the main focus of Cultural Places is its initial offer of coins – one of the first in Austria.

A total of 900 million cultural coins are made available to the public. The pre-ICO 90 million coins of the company ends on March 4, the rest being offered in four phases from March 5 to April 5.