RHUNA begins to revolutionize the event and entertainment industry with fintech innovation

Bucharest, Romania, February 19, 2024, Chainwire

RHUNA is a visionary fintech platform dedicated to transforming the events and entertainment industry through innovative technology.

RHUNA aims to integrate Web 3.0 and blockchain technologies to enhance user experience, increase security and transparency, and foster closer, more engaged communities globally.

UNTOLD Universe is one of the world’s top five music festival organizers, with over 1.5 million attendees each year. Rhuna represents CryptoDATA’s innovative technology development expertise and experience combined with this pioneering platform.

Among the key features it offers, RHUNA leverages the power of blockchain to introduce a decentralized ticketing system where tickets are issued as non-fungible tokens (NFTs). This ensures authenticity, ownership and a secure and transparent secondary market. This system effectively eliminates common problems such as fraud and scalping, providing a fairer and more reliable ticketing experience. The modular functional structure within the ecosystem means that even large event organizers can customize event management, particularly ticketing and payments, with incredible speed and pinpoint accuracy.

The platform also features an integrated digital wallet that supports multiple cryptocurrencies, enabling seamless transactions for tickets, goods, and services. This inclusion not only caters to the growing cryptocurrency-savvy audience, but also reduces fees and simplifies the payment process.

Smart contracts automate key transactions and contracts, from ticket sales to performer payments, ensuring efficiency, transparency, and trust across all transactions. RHUNA also focuses on user privacy and control, allowing attendees to securely manage their personal data through decentralized identities.

RHUNA will introduce an industry-first token-based loyalty and rewards program, giving users the opportunity to earn tokens for a variety of activities. These tokens can be exchanged for exclusive experiences, merchandise, or discounts to foster a strong sense of community and engagement within the RHUNA ecosystem.

The platform has also pioneered the use of decentralized autonomous organizations (DAOs) for event planning, giving the community a voice in decision-making from event themes to artist lineups. This democratized approach ensures that RHUNA is closely aligned with the needs and preferences of its user base.

“The Rhuna project is more than just a technology solution. It is an adaptable, dynamic system that interconnects social and technical elements and offers opportunities through solutions to diverse needs. Architecture, technology, implementation method and usage mode are factors that influence resource optimization in performing any activity. In current dynamics, resources such as time, people, materials, and cost are key factors that influence each other in many ways within a 3D system. Rhuna is a complete tool that anyone can access and control. Luna is a method that anyone can visualize or actively intervene in. Rhuna is a catalyst for concretizing and organizing abstract content into something essential for everyone in the entertainment industry.” – Bogdan Mărunşiş, CryptoDATA Global Strategy Director

Bogdan Rădulescu, co-founder and CBO of UNTOLD, explains simply: “We are redefining event organization and participation by pushing the boundaries of festival finance into the 21st century for the benefit of organizers around the world.”

The interface will be accessible to attendees of all technical backgrounds and will be presented for the first time at the 9th UNTOLD Festival in Cluj-Napoca, Romania. RHUNA aims to enhance the festival experience for more than 400,000 attendees by introducing yet another innovation to the “world capital of night and magic.”

Introduction to Cryptodata

As a leader in technological innovation, CryptoData pushes the boundaries of technology to advance society by developing solutions that solve real-world problems. Users can find out more at cryptodata.com.

Introduction to Untold Universe

Known for creating innovative experiences through music and entertainment, UNTOLD Universe invites you to explore its fascinating realms at untold.ae.

We welcome you to join us on the thrilling journey of RHUNA.io, where technology and entertainment meet to create an unforgettable experience.

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contact

Bogdan Radulescu
(email protected)

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