Why Is NFT Ticketing the Future of the Ticketing Industry?
NFTs will take center stage in 2022. They have established themselves as a major market segment in the crypto industry, with more than $20 billion in trading volume and mainstream participation from all corners of the world. NFTs have now become a market-expanding technology. So, it is no longer limited to art or any type of digital collectible. Its true ownership and non-fungible characteristics enabled multiple use-cases in the real world. Among many innovative use-cases of NFTs, the one that stands out and can immediately make a global impact is ticketing in the music industry. For....
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Ticketing is one of the main channels that has been shown to be ripe for disruption via NFTs. Moving tickets to the blockchain offer a variety of value-added incentives, including predefined royalty splits to reduce scalping and the eradication of fraudulent tickets. Innovation in ticketing has been lacking in recent years, with few new companies […]
It is no secret how one unified payment model for all forms of public transportation could be very beneficial to consumers all over the world. In the United Kingdom, that situation might be about to change in the very near future. Smart ticketing is an interesting concept, and Bitcoin would make the purchasing process a lot smoother for everyone. The New UK Smart Ticketing System. Rather than having one ticket for bus rides, and another one for train rides, a unified transportation card valid across all transit journeys would go a long way. However, it is not easy to unite all of these....
Ticketmaster’s job posting for a product manager of NFT ticketing tooling reveals the company’s intent to roll out NFT-based enterprise products “across all content categories including sports and music.” A new job posting by America’s biggest ticketing company, Ticketmaster, reveals mainstream interest in exploring new revenue streams using nonfungible tokens (NFTs). Over the past two years, artists, musicians and the sports industry helped thrust the NFT ecosystem into the limelight as the technology served its purpose as a powerful fan engagement tool. Conversely, most of the general....
PRESS RELEASE. SeatlabNFT has announced the date for their IDO, with full details available via their website. The 24th of May 2022 is the first opportunity people around the globe will have to invest in the innovative NFT ticketing platform’s native token $SEAT. SeatlabNFT is a revolutionary event ticketing platform built on the climate-neutral NEAR Protocol blockchain, designed to create an immersive, more connected experience for everyone involved in live events. Minting tickets as NFTs and leveraging the transparent, irrefutable ledger provided by the blockchain will eliminate....
NFT tickets are on the rise as artists and fans seek lasting engagement in real life and in the Metaverse through the use of new technology. Nonfungible tokens have proven to be successful across a number of industries. From gaming to high-end luxury fashion, NFT use cases have demonstrated the importance of creating lasting connections between a company or a brand and its users/customers.As such, it shouldn’t come as a surprise that the billion-dollar event-ticketing industry is on its way to being disrupted by nonfungible tokens. Specifically, the online event-ticketing sector — which is....