The festival was organized after proclamation of Yakut heroic epos Olonkho on November 25th 2005, as one ofthe Masterpieces oftheOralandIntangibleHeritageofHumanity.
It should be noted that the proclamation of Yakut heroic epos "Olonkho" as masterpiece oftheoralandintangibleheritageofhumanity represents an exceptional value for national and world culture.