a. Non-fungible token. That doesn’t make it any clearer. Right, sorry. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing.

A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. You gave up a Squirtle, and got a 1909 T206 Honus Wagner, which StadiumTalk calls “the Mona Lisa of baseball cards.” (I’ll take their word for it.)

a. The explosion of NFTs hasn’t gone unnoticed by the events industry - this year alone Gary Vaynerchuk has launched VeeCon which to attend you have had to buy one of Gary’s VeeFriend NFTs. Industry giants such as Coachella have also recently launched a perpetual “ticket” NFT currently priced at £250,000. Both events are utilising NFTs as your Golden ticket which unlocks perpetual and exclusive benefits.

a. The CogX Patron Token is an opportunity to attend the CogX Festival for life with a Gold Pass giving you access to exclusive networking and the Global Leadership Summit where last year, Matthew McConaughey, Tony Fadell and Margarethe Vestager all spoke.

Additionally we have recently announced that as a Patron Token Holder you will also be invited to participate in a governance model with the eventual plan to turn CogX Festival into the world’s first community funded business festival with a DAO structure. In short you would own a piece of the Festival.

a. If you usually buy a Gold Pass to the festival the answer is simple, for the same price you usually pay you will be able to attend the Festival for life. If this is your first time attending the Festival the Gold Pass that is attached to the Patron Token is an opportunity to unlock the best the festival has to offer with access to the Global Leadership Summit and exclusive networking opportunities in the Global Leadership Lounge.

If you are partial to speculation and you have been following the ever growing Web3, blockchain and NFT community the opportunity, if and when we transition into a DAO token the marketplace becomes incredibly liquid and the expectation, as seen in other event marketplaces, your investment of £2495 could increase in value as we are only minting 10,000 Tokens.

a. Of course you can - we have always championed inclusivity so all other passes are available to buy as standard passes but this year the Gold Passes are exclusively for Token holders. Visit cogxfestival.com/festival-passes to secure your pass.

A DAO, or “Decentralized Autonomous Organization,” is a community-led entity with no central authority. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited.

Ultimately, a DAO is governed entirely by its individual members who collectively make critical decisions about the future of the project, such as technical upgrades and treasury allocations.

Generally speaking, community members create proposals about the future operations of the protocol and then come together to vote on each proposal. Proposals that achieve some predefined level of consensus are then accepted and enforced by the rules instantiated within the smart contract.

a. Once you own your Patron Token you own it for life. When we issue the Digital Collectable you would be able to trade or sell your Token on any NFT Marketplace such as OpenSea or Mintbase.

a. What doesn’t it mean! With the advancements in blockchain technology and the now widespread use the possibilities are endless. With the new Community Funded model - Traditional funding for events can become a thing of the past. In order to really make radical and drastic change so we can get the next ten years right, we need to have all voices included in the conversation. We must come together as one in order to realise the incredible opportunities and to solve the most pressing challenges of our time.