The festival featuring elaborate parade floats and masked balls in Venice is the Venice Carnival. Known for its stunning masks and opulent costumes, this event attracts visitors eager to immerse themselves in its rich cultural history. The Carnival traditionally involves numerous parades showcasing intricately designed floats, along with formal balls held in historic venues. Taking place annually, it usually culminates on Shrove Tuesday and is deeply rooted in celebration and festivity, marking the lead-up to Lent in the Christian calendar.