NFT Ticketing will hype up the future of the ticketing industry

NFT art is just scratching the surface because NFTs are much more than just jpegs. They are rights to ownership. Having tokens that have their uniqueness guaranteed through blockchain opens many possibilities.

When NFTs expanded to the music industry as NFT Tickets it was expected that it would provide a special experience for the artist and fans in the digital world. NFT tickets can’t be destroyed and with their unique nature they can be easily showcased and shared with others on the internet. It also solved the problem of transparency as it is recorded in the blockchain. People in the secondary market can no longer rip off fans with a fake ticket and enable fair distribution of tickets. NFTs can also give artists a new voice and help them connect with their fan communities. To implement this, we can choose from the different platforms like [Centaurify]( [Get Protocol ]( [Seatlab]( for ticket minting and market functions.

NFTs have now become a market-expanding technology. Even the entrepreneurs started to envision a future where every ticket is an NFT. For example, the Dallas Mavericks, owned by [Mark Cuban]( decided to issue 20,000 NFTs for every home game. Fans were allowed to trade their NFTs, with sales ranging from $200 to $10,000. Also the Monumental Sports and Entertainment CEO – [Ted Leonsis]( sees a blockchain future in ticketing.

NFTs are here to stay. As time passes, every industry and brand will have an NFT strategy to tap into global audiences.

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22 thoughts on “NFT Ticketing will hype up the future of the ticketing industry”

  1. NFTs have recently contributed massive crypto global adoption, and in no time, almost all brands and industry will go into it massively which will create more spikes for already existing NFT projects, many projects are already using NFTs as a reward for participating in their platform, the Uwufufu advertisement platform is just one of them, they offered NFT as a reward for completing a certain quiz, and are planning to commence their NFT minting this Q1.

    Many projects are also using NFTs to make their platform exceptional, especially gaming/metaverse platforms, and this is just the beginning for NFTs.

  2. Unfortunately NFTs don’t solve a lot of the problems mentioned:

    * The spot on the blockchain is unique, what it points to isn’t. The same ticket can be minted multiple times.

    * Fake tickets will still exist, with the aforementioned fraudulently minted copies. All it takes to fall for a scam is to not check who minted the ticket.

    * You can’t ensure fair distributions as you can’t verify who owns which wallet. Scalper with 1000 accounts, can buy 1000 tickets.

    It’s also neither feasible nor necessary to verify the owner with absolute certainty at the entrance. 1. Not enough time. 2. Much easier to sort problems out should people fight over a seat.

  3. So uhm … How exactly are they more secure than a ticket distributed by a centralised authority? Especially seeing as that authority requires that you’re validated as a real person. NFT tickets will just open the floodgates for scalpers of all sorts, and with everyone being able to open as many wallets as they want, the issuer of tickets will have to verify wallets before sale, making them essentially just the same process with extra steps.

    Besides, with NFT’s being a more complex technology than just sending a PDF with a QR code on it, it’ll open the floodgates for more scams, not less. More complexity is more loopholes and more suckers being taken advantage of.

    Also – Mark Cuban is a verified NFT scam artist, so wherever he goes is where the greater potential for scams are.

    There might be niche use cases for NFT’s, but unless you can provide a really solid argument for how they beat the normal system without opening the door for all sorts of abuses, I don’t think this is it, chief. And again, dont trust Mark Cuban.

  4. This is really true, NFT is here to stay. Even lox network is making the use-case as they are making the first IMEI blacklist as they will be using smartNFT and nano tagging technology for the same.

  5. For the music industry it would be really beneficial but for the entrepreneurs I don’t doubt the greed they have and I’m sure they’ll look for ways to manipulate the NFT space if tickets do go that route.


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