[6] The festival was established by the Multi Group in cooperation with the Atlas Network, Students for Liberty and the Rising Tide Foundation.

It hosts a large conference and lecture program that focuses on the promotion of economic and political freedoms.

Subjects that are treated include the free market, entrepreneurship, cryptocurrency, technology, legalisation of cannabis, Objectivism and others.

[9][10][11] The festival also hosts numerous art exhibitions, film screenings, workshops and a rich entertainment program that includes concerts and VIP parties.

[12][13] Guests and speakers have included FreedomWorks president and Tea Party leader Matt Kibbe, Bitnation founder Susanne Tarkowski Tempelhof, Iranian-Swedish author Nima Sanandaji, anarcho-capitalist economist and son of Milton Friedman, David D. Friedman, president of the University of the Philippines Alfredo Pascual, British journalist and research fellow at the Institute of Economic Affairs, Christopher Snowden and others.