The festival that involves masquerade balls and elaborate costumes in Venice, Italy, is the Venice Carnival. Renowned for its opulence and theatricality, this festival allows participants to indulge in the art of disguise, sporting intricate masks and luxurious costumes. The origins date back centuries, celebrating the period before Lent with grand parties and street performances. This historical event draws tourists from around the world who are captivated by the beauty and creativity on display. The carnival fosters a sense of mystery and enchantment, emphasizing the importance of tradition and artistic expression within Venetian culture.