5 Reasons Why Backstage Could Be the Next Crypto Gem

Backstage is leading the crypto revolution for the $1.135 trillion events and entertainment industry. They’re doing this with a mix of crypto wallet, NFT and metaverse technologies, as well as an innovative community platform that makes operations more efficient, fair, trustworthy and prosperous.

The $1.135 events industry has long been seen as a risky investment, and the COVID-19 pandemic has only exacerbated this problem. The industry also faces issues like a low level of digitization and a lack of unification. Backstage aims to solve all these problems with their decentralized platform.

No other company is offering the breadth of solutions for the events industry that Backstage is. The company’s first-mover position is an advantage in this massive market. And that’s why we at Ground Zero believe Backstage has what it takes to potentially become a valuable investment and the next crypto gem.

Let us point out 5 reasons why Backstage $BKS can become the next crypto gem:

1. Backstage is revolutionizing the $1.135 trillion events industry

Backstage is introducing features that are completely new to the industry. These features allow new avenues for funding and developing event projects while enabling the industry to power itself in a completely decentralized manner.

Backstage unifies the events sector through their STAGE platform, which brings together fans, venues, producers, talents, and investors. Through NFT ticketing technology, the BiKoS Wallet, the Backstage Metaverse and the BKS Launchpad, Backstage is a true one-stop platform for the events industry.

By grabbing even a slice of the trillion-dollar events industry pie, Backstage could have a very high market capitalization.

2. Backstage merges crypto & music, sports, festivals and other fun events

Backstage sees great opportunities in music festivals and big sports events. Music festivals and large sporting events host hundreds of millions of people, if not billions, each year. Just look at the Amsterdam Dance Event, which has about 400,000 attendees each year (Statista). Such large gatherings and crowd events are the perfect arenas to spread awareness about the Backstage platform and bring thousands of new users onto the platform.

Backstage has already achieved success here. In the spring of 2022, Backstage will serve as the NFT ticketing partner for the Sun & Snow Festival, a snowsports and music event in Spain that sees tens of thousands arrive. Backstage has also partnered with Entertix, the largest ticket provider in Romania, and Society Icon, a leading influencer marketing company.

These partnerships ensure lots of people will be onboarded to the Backstage platform seamlessly. More incredible partnerships are coming too, including some with major sports teams in North America and Europe.

3. Backstage is taking NFT ticketing and merchandising mainstream

Backstage is introducing an innovative NFT ticketing system for the events industry. These NFT tickets will serve as traditional tickets, but strengthened with the speed and counterfeit-proof qualities NFTs bring. Such efficiency is reason enough to use BKS NFT ticketing technology.

Moreover, the NFT tickets can have exclusive features coded into them, such as meet-the-artist experiences and special access to new songs or merchandise. These exclusive NFTs could potentially become more valuable over the long-term, thus giving fans a new avenue to engage and make money off their favorite artists, athletes and celebrities.

These NFT tickets benefit talents too. Exclusive and original NFT tickets can act as a sales or funding channel for artists and venues (as well as serve as a trustless mechanism to issue tickets). They can also be used as a way to upsell merchandise and exclusive offerings while venues can use them as a way to upsell services.

When you consider that the ticketing industry will be worth $60 billion per year, and the NFT market should exceed $1 trillion, Backstage’s solution puts the project in a strong position to achieve high revenue growth.

4. Backstage is creating the first crypto wallet for businesses

The BiKoS Wallet is the first of its kind — a crypto wallet dedicated just for events businesses like clubs, theaters and festivals.

Consumer crypto wallets are on the rise, but businesses need a solution that streamlines operations for them. The BiKoS Wallet is ready to serve the $1.135 trillion events market, which is expected to reach $1.457 trillion by 2028.

When you consider the growth of consumer wallets, a dedicated business wallet should perform well. For instance, the last report released by Consensys revealed that Metamask has reached 10 million users in May 2021, a remarkable 19x increase since the beginning of 2020. These numbers only show the future potential for dedicated business wallets and how it could be a huge business.

Think about this: There are tens of millions of events and entertainment businesses worldwide (15 million pubs, cafes, bars and restaurants). If the BiKoS Wallet onboards even a fraction of businesses in the events industry, they’ll have millions of business clients. Think of how much revenue that would generate!

5. Backstage has impressive tokenomics

The Backstage ecosystem created a financial environment where users can make use of exceptional banking features. To power the ecosystem and to allow for the industry to sustainably fund itself, Backstage tokenomics enables a fair distribution of value and efficient financial operations.

For instance, users can buy BKS tokens that can be used to:

• invest in event projects advertised on the platform
• purchase NFTs to attend events or hold as an investment
• stake and earn a passive income

One of the main mechanisms enabling the system sustainability is the buyback and burn mechanism: the Backstage point-of-sale system automatically buys back $BKS tokens to allow for venues to have access to immediate liquidity. This helps strengthen the token and ensures the project’s growth in the long run. The buyback mechanism thus benefits partners, venues, community members and investors.

At Ground Zero, we know tokenomics are everything. And Backstage has done a thorough job with their tokenomics. Everything is set up to support the long-term health of the $BKS token.

Backstage: The Next Crypto Gem

The Backstage team is bringing the crypto revolution to the events industry. When we sat back and analyzed the project, we identified the incredible potential they have to become the next crypto gem.

After all, Backstage is introducing new technologies to the events industry, like NFT ticketing, metaverse events and the BiKoS Wallet. If they just grab a portion of the market, the $BKS token should see some eye-popping growth.

Plus, more major partnerships and event announcements are coming soon. This will show the power of the Backstage team and the potential of the Backstage project. We’re talking about major partnerships with well-known artists, sports teams, festivals and more.

So, stay tuned — the Backstage project is set to take off!

About Backstage

Backstage is powering the crypto revolution in the events industry. Through the BKS token and a blockchain-powered ecosystem, Backstage aims to solve the current challenges facing the events and entertainment sectors. From financing and payments to NFT ticketing and marketplaces, Backstage $BKS will take the events industry toward a more sustainable, profitable and fair future.

Backstage has a very strong and open community and everyone can join and contribute to the platform’s development by purchasing tokens and helping fund the entertainment industry.

Find out more about Backstage:

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