Cultural Places

Strengths: there is a working app of the product, several partnerships were signed and the White Paper lists several investors. The main advantage of the product is that it accumulates all services within one ecosystem unlike competitors who focuses on a specific area (ticketing, cultural programs etc). The features in Cultural Places will be whitelabeled to make technical infrastructure usable for other related business cases - an additional stream of revenue.

Weaknesses: it’s large scale project which will need solid funds to develop further. Ticketing is the main stream of revenues, but the market is very saturated and there are already big players, funds and marketing efforts will be required to sustain competitive advantage. The idea behind the project has the potential, but more evidence supporting the need of cryptocurrency is required. Many of the operations within the platform could be implemented on a centralized basis.

The platform has been developed in Austria and is designed to help improve the world from a cultural standpoint. There is a new ICO in place that is about to end it’s first phase. And not like other ICOs, they’ve recently running a multinational business and track record. They are working with very strong partners and also have reliable supporters to back them.