Bucharest, Romania, became the focal point of a significant advancement in the events and entertainment sector on the 19th of February, as Chainwire announced the launch of RHUNA, a fintech platform designed to redefine the industry.

With a clear vision, RHUNA integrates cutting-edge Web 3.0 and blockchain technologies to offer an unparalleled experience to users worldwide.

The platform's primary aim is to enhance user experiences significantly. By incorporating innovative technology, RHUNA ensures that participants in events and entertainment avenues enjoy a seamless, interactive, and immersive experience like never before.

Security and transparency are at the forefront of RHUNA's mission. Through the implementation of blockchain technology, the platform guarantees a level of security and transparency previously unseen in the industry. This move is expected to build trust among users, organizers, and stakeholders, fostering a healthier ecosystem for all parties involved.

The UNTOLD Universe, recognized as one of the top 5 music festival organizers globally, with over 1.5 million attendees, has already shown interest in RHUNA's innovative solutions.

1. Rhuna is a Platform for the People RHUNA’s mission is clear: to elevate user experiences across events and entertainment. By leveraging the power of blockchain, RHUNA ensures authenticity, security, and transparency. It even does all this while promising perpetual ease of optimization, integration, and usability. Here’s how:

Decentralized Ticketing System: RHUNA introduces a novel approach to ticketing. Instead of traditional paper tickets or digital QR codes, event tickets are issued as non-fungible tokens (NFTs). These unique tokens represent ownership and authenticity, eliminating the risk of counterfeiting. Fraud Prevention: Say goodbye to ticket fraud and scalping. With NFT-based tickets, attendees can trust that their entry passes are genuine. The secondary market for tickets becomes transparent, as each NFT’s history is traceable on the blockchain. RHUNA places top priority on user control and privacy:

Decentralized Identities: Attendees manage their personal data securely. No centralized databases vulnerable to breaches. Ok, so we have safe tickets. What about the elephant in the room, the ongoing hassle of getting payment credits onto your NFC payment bracelet (or whatever other device you’re permitted to use) at cashless events, and even worse, back off after the event finished?

2. Rhuna is a Payment Solution As the crypto-savvy audience grows and becomes further entwined with that of fans and engagement through platforms like social media, RHUNA embraces the trend:

Integrated Digital Wallets: Attendees can use various cryptocurrencies along with traditional fiat money on a user-friendly interface for event spending credit purchases (represented by an ingenious satellite token generation system) to buy in-event merchandise, food and and other services.

This not only caters to crypto enthusiasts but also reduces transaction fees and allows consumers to rapidly move funds into and out of event wallets, exchanging them for other event credits, staking them, or returning to off-ramp fiat back to their banks.

Seamless Payments: RHUNA simplifies the payment process. No more cumbersome international bank transfers, vanished credits, or low latency on funds returns.

Power of Decentralized Autonomous Organization:By holding the RHNA or specific satellite tokens, members are given the power of the vote: their voices are heard on elections for upcoming event themes, stage design, artists performing, and other facets of involvement where the consumer’s voice was previously a little tougher to hear. We’ll see this adopted by UNTOLD first as they adopt the protocol for future festivals.

3. Rhuna is a Technical Infrastructure We’re all unique. RHUNA understands that event organizers also come in all sizes, from local gatherings to massive festivals. Its modular feature structure is optimized to allow customization at every level:

Event Management Flexibility: Even enormous event organizers can custom tailor their ticketing and payment processes. Whether it’s a small concert or a multi-day festival, RHUNA adapts seamlessly. Speed and Precision: The platform operates at breakneck speeds on Binance Smart Chain, ensuring smooth transactions. Event organizers can focus on creating memorable experiences while RHUNA handles the logistics. Smart contracts automate critical labor-intensive processes, enhancing efficiency and trust:

Ticket Sales and Payouts: Performers, vendors and service providers receive their dues promptly, thanks to smart contracts. The system ensures transparency to all and eliminates disputes. Immutable Agreements: Once a smart contract is deployed, it cannot be altered. This guarantees fairness and accountability. 4. Rhuna is a Community In a groundbreaking move, RHUNA also introduces a loyalty and rewards program based on the satellite tokens that event organizers or artists generate. Attendees and fans earn tokens for active participation, creating a more fostered sense of community engagement.