KUALA LUMPUR, June 9 — Perak is set to host Malaysia’s inaugural non-fungible token driven festival in August with an aim to revolutionise the digital economy.The festival is expected to bring an estimated 450,000 visitors and revenue of up to RM130 million to Ipoh over a span of six weeks.
“This festival is not only a celebration of culture and art but also a stepping stone towards a thriving digital economy.” The festival will be spearheaded by Perak’s Cultural Economy Policy and Research Centre alongside Go Plus Hub, the NFT partner for the event. The festival will also see a partnership with Universiti Kebangsaan Malaysia to help students gain insights from the creative industry.
“We are also committed to researching, documenting, and archiving festival statistics, ensuring that the data becomes a valuable resource for future reference and analysis.”