Showtime: NFT tickets take the stage in 2022, connecting artists and fans
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....
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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....
The National Football League (NFL) has announced the American football organization plans to give fans virtual commemorative tickets in the form of non-fungible tokens (NFTs) for the upcoming Super Bowl LVI in Los Angeles. The NFL has partnered with Ticketmaster to issue the commemorative NFT tickets allowing fans to hold “a digital keepsake from their Super Bowl experience.” NFL and Ticketmaster Plan to Give Super Bowl LVI Attendees NFT Tickets On February 2, 2022, the NFL and the world’s largest ticket marketplace Ticketmaster Entertainment announced the....
The biggest pain points in events ticketing could prove to be a flagship use case of blockchain-based nonfungible tokens, according to industry leaders. The 2022 Champions League final will have a checkered position in the competition’s history book. Real Madrid emerged victorious over Liverpool inside the Stade de France, but the pandemonium outside the stadium before kick-off highlights the need for innovative solutions to events ticketing.Counterfeit tickets played a massive role in the chaotic scenes that played out in the French capital in June 2022, as fans broke into the stadium....
Panelists at an Australia Blockchain Week discussion talked about the favorable way the NFT industry has grown through close interactions between artists and fans. The nonfungible token art industry has developed into a “beautiful cycle” thanks to the connection artists have with their fans according to artist Danielle Weber who spoke at the Australia Blockchain Week conference. Weber spoke on a March 23 panel discussion titled “Pushing the boundaries of NFT utility and art - Homegrown spotlight” about the benefits of the nonfungible token (NFT) ecosystem bringing artists closer together....
“Blockchain technology has immense potential for large gatherings of digital natives who for a brief period of time become part of a hyperlocal economy,” said Beniamin Mincu. The Untold Festival, scheduled to be held in Romania next month, has partnered with the Elrond Network to allow concert goers to pay for their tickets in cryptocurrency.In a Tuesday announcement, Untold said that tickets for its 2021 festival could be purchased using Elrond (EGLD). The festival reported that it would be allowed to have an unlimited number of attendees despite the ongoing pandemic — the number of daily....