This article is Part Three of a four-part series exploring the world of consumer crypto. Follow All-Access (AAA) to be notified when Part Four is released!
Digital assets are undergoing a transformation unlike any other. Once unheard of as financial assets, consumer adoption of cryptocurrencies and digital collectibles is expected to jump from 865 million to over one billion between 2024 and 2028.
But why does this matter? Because mass adoption is the key to realising Web3’s vision of a decentralised, user-governed internet.
However, while blockchain can disrupt industries with its transparency, efficiency, and universal accessibility, its success cannot be measured by the technology alone.
Instead, it’s about how blockchain is applied to solve real-world problems that impact people’s lives.
A New Era of Engagement Through Data and Rewards
Built on this very same principle, All-Access (AAA) is on a mission to change the current narrative of live entertainment.
What do we mean by this? We’ve witnessed the challenges faced by artists, organisers, and the fans, and we’re committed to creating better outcomes for each of them.
For artists and organisers, the difficulty of accessing meaningful fan data prevents them from understanding what their audience wants.
Meanwhile, fans pay high ticket prices and settle for poor line-ups because of FOMO, only to end up feeling even more disappointed with just entry to events and basic perks.
That’s where we come in. We give fans the chance to earn points by participating in various tasks and challenges leading up to a concert or music festival.
These points can be redeemed for exclusive real-world experiences, like meet-and-greets, backstage passes, or limited-edition content.
But we don’t stop there.
Every interaction is tracked, allowing us to share valuable insights with our brand partners. This data helps artists and organisers to refine their strategies, creating more innovative, immersive experiences that resonate with their fans.
Practical Evolution of Crypto to Mainstream
For widespread adoption of digital assets, the user experience must be seamless. When interfaces become easier to explore and technological barriers disappear, people will be more inclined to use crypto in everyday transactions.
The signs of the shift are already here. Recent survey data reveals that:
80% would use digital currencies for groceries, personal care products, and household supplies.
70% were keen to spend crypto on dining out, hotel stays, and vacations.
45% saw crypto as viable for real estate transactions or government fees.
What does this tell us? Cryptocurrencies, once seen as speculative assets, are now being viewed as practical tools for managing daily expenses.
Need for Global Regulatory Harmony Across Web3
Therefore, as digital currencies and blockchain technologies become more mainstream, it’s crucial that regulators get it right.
While they’re essential to ensure consumer safety, overly restrictive policies like bans on crypto ATMs or limitations on advertising, can stifle growth.
What’s needed is greater collaboration between regulatory bodies across jurisdictions; a cohesive framework that supports both traditional banking systems and emerging crypto markets.
Mass adoption of crypto isn’t just a milestone for Web3; it’s the foundation for a decentralised, open future. The real question isn’t whether blockchain will reshape our lives, but how quickly and effectively it will do so.
Are you ready to be part of this revolution? Join us at AAA as we redefine the future of live entertainment, and bridge the gap between technology and meaningful experiences.
All-Access (AAA) is on a mission to bring live experiences on-chain, unlocking the power of fans and rewarding them with real-world experiences (RWEs). We tokenise fan loyalty through hyper-engagement campaigns featuring quests, tasks, and RWE rewards, catering to the Global Experience Economy, which is valued at US$12 trillion. With over 53 independent brands and creators in the AAA network, we are the largest network of festival IPs in Asia and Australia. For more information, visit https://www.all-access.io/.