{"title": "Refraction Experience Token", "website": "https://www.refractionfestival.com/", "bannerImg": "bafkreibvicf3oaeljyb7ydjvivrxbzrzcbf57lhesqb7l3bf7ylg2i7dju", "createdAt": 1714201934159, "credentials": {}, "description": "Refraction is an artist-owned community leading the next wave of digital art, music and culture — online, onchain and IRL. Founded by artists, industry leaders and creatives from VICE, NIKE, Boiler Room, the Olympics, Soundcloud and Resident Advisor. The DAO is on a mission to change the cultural industry by introducing artists and audiences to new technologies through worldwide events, art and music releases, and creative programs under the Refraction brand. \n\nOur next phase will continue to cement our role as innovators of IRL experiences through the introduction of the Experience Token, which will unite our onchain and offchain experiences into a frictionless ecosystem at future Refraction events and ultimately across the world through our global network of cultural partners - with collective ownership at its core. \n\nCollective ownership of IRL experiences promotes the public good by enhancing accessibility, empowering communities, preserving culture, fostering social cohesion, and encouraging public investment. By collectively owning and managing these shared experiences, communities can create more equitable, inclusive, and vibrant societies for everyone.\n\nIn the short-term, Refraction intends to use this grant opportunity for planning and research to structure a token ecosystem that rewards and incentivizes IRL participation, gamifies cultural experiences such as events and drops and leverages online interactions to enhance real-world engagement and vice versa.\n\nIn 2 years since its inception, Refraction has successfully bridged web2 > web3 by onboarding the upper echelon of artists, creatives and producers, as well as global cultural partners such as festivals (Mutek), nightclubs (Public Records) and institutions (Rhizome/New Museum) to our experiences. Together we’ve introduced tens of thousands of people to the blockchain through 35 events from top-tier club shows, panels, gallery exhibitions, to festival events in major centers across the globe. This has resulted in a recognized and trusted brand that has brought real world value to the blockchain.\n\nThe long-term vision is to launch and grow the use of an Experience Token that redefines ownership paradigms to empower artists, organizers and attendees alike, while fostering genuine long-term engagement and connection in the global experience economy. This will make Web3 more accessible, understandable, and enjoyable for a wider audience, thus driving the next wave of blockchain adoption. ", "bannerImgData": {}, "projectTwitter": "RefractionDAO"}