In 2016, the annual revenue for concerts in the U.S. was a staggering $7.3 billion — some multiple more than it was in the 1990s. And we have now harnessed the power of the internet and social media, to put the ability to dictate tour stops right where it should have been all along—in the hands of the fans.
WeDemand is a digital platform that powers fan-driven live events across the world, allowing fans to come together to ‘demand’ that their favorite artists come to town. The platform provides the artists with a dashboard facilitating direct communication with fans, as well as proprietary analytics to predict attendance and identify the best tour routes.
Realizing the importance of giving the power back to the fans, we decided to take our platform, and our process to the next level, with an original decentralized ticketing bid system: the DMD.
With the DMD, artists and promoters can book tours directly to the fan's bids on the ethereum contract, and choose to integrate the cryptocurrency directly into the ticket sales or into a third party ticketing system. An ethereum based token, the DMD cryptocurrency empowers fans to show the same intent but with a monetary commitment that can automatically be converted into tickets once there’s enough demand.
Because WeDemand captures the genuine desire of fans for artists and promoters in real time, our events are more successful, enhancing the overall experience: artists engage fans in the tour planning process and all parties are together because they were able to collaborate with each other to make it happen. The initial investment by the fan through the DMD cryptocurrency would be a way to incentivize artists to agree to play in fans' desired locations.
WeDemand has been invited to speak at prestigious events such as TechCrunch Disrupt Battlefield (San Francisco), SXSW (Texas), TEDx (Rio), the MIT (Boston), Canadian Music Week (Toronto), Creativity World Forum (Belgium), MIDEM (France) and Cannes Lions (France) and been featured in publications like Forbes and Smashd.
1.7 million fans are now demanding 7,000 Verified Artists on WeDemand and have contributed to 3,000 events worldwide.
With your support, you can help WeDemand reach more fans to in turn reach more artists--all the while shaking up the process with our very own ethereum-based cryptocurrency. Through the launch of our first ICO, We hope you will join us as we continue to shape meaningful fan-driven artist experiences.