Why the Digital Events’ Widespread Adoption will Escalate in 2022?

• Without a surprise, many prohibitions as well as nullifications events and activities to take a leap towards the virtual world.
• Worldwide event planners, as well as the tourism sector, are striving for adaptation to the dynamic world of prohibitions associated with the COVID pandemic.
• Many organizations all over the globe are identifying the cost effectiveness and comfort in hosting digital activities, events and engagement with the digital world in innovative ways.

As the people are still adapting to the world with coronavirus restrictions, event and tourism sectors are the ones that got impacted by the pandemic most.

As per UNWTO, 2020 was the worst year ever for worldwide tourism, depleting the global arrivals by 74%. 100 to 200 million jobs got affected by the pandemic hit.

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The same goes with the event management sector, as numerous physical activities were either cancelled or at least postponed.

The Tokyo Motor Show was cancelled back in April 2021 and was the very first instance for the show to be cancelled since its debut in 1954. Carnival street parades were cancelled in Brazil for the second time in a row.

These are hard times for the worldwide event planners as they strive to adapt to the pandemic stricken world. 96% of the events were nullified as per the survey done by Meeting Professional International.

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Crypto Endeavors Leading the Way

Without a doubt, many nullifications and prohibitions have led the digital events and activities leaping towards the virtual worlds. As per research, it is possible that the digital event sector will take a leap to become a $500 Billion market by 2028.

Virtual tech has already been adept by many in the crypto sector, which have also assisted in pushing the likeness of digital events over a previous couple of years.

Over 3000 partakers and more than 100 speakers were featured in the Digital Greater Bay Area Blockchain week in March 2021, while the EDCON was also organized virtually the previous year.

Monkey Kingdoms, a metaverse platform, hosted a performance of a Christmas event with the popular Disc Jockey Steve Aoki. The trend for digital concerts was noteworthy the previous year, with Ariana Grande piling up around $20 Million in a digital gig.

Tech mammoths like Meta(previously Facebook) continue to go with the flow of trend. Project Cambria headsets are seen by many as a level up from the Oculus Quest Pro VR headsets. 

Conventional Event Management Getting Revolutionized by DeFi and Blockchain

As the planet is getting more comfortable and adapting to the virtual worlds, planners and event managers are constantly looking towards digital tools for maximizing their profitability and to simplify hosting and organizing virtual activities.

To keep up with the trend, events dApp of PhoenixDAO enable the participants to search and secure the NFT tickets digital assets and validate P2P ticket transfers. The fraud proof platform is reliable for the event planners for the creation and management of the ticketing method for the digital activities.

Event management tools like dApp of PhoenixDAO will only get adopted if the organisations in the industry are looking for solutions to reduce scalping and ticket fraud, and as the clients will look for platforms to trade tickets without paying an expensive sum to a centralized platform.

As the organizations across the globe are identifying the cost effectiveness and comfort in hosting digital activities, events, and engagement with the digital universe in an innovative way, platforms similar to PhoenixDAO, giving stress on the virtual identity, will remain on the top as digital events become more popular.