With NFT tickets, issuers and recipients can benefit in several ways. How is this different than digital tickets? The blockchain factor really sets NFT tickets apart from their barcode or QR code-based counterparts. NFT ticketing is precisely what it sounds like: Tickets in the form of an NFT living on a blockchain that act as access passes for any live (or even virtual) event. But as the weird wide world of nonfungibles continues to grow, giving birth to various advancements and innovations, NFT ticketing has reemerged as a promising contender in the race for real-world NFT utility. And one use case from NFT history that generally goes overlooked is nonfungible ticketing, an underdog within the constantly expanding Web3 music space.įirst introduced years before Bored Apes sent the creative world into a tizzy - tokenized concert and festival passes have remained an interesting yet underdeveloped facet of the NFT market. The truth is that NFTs can be used in far more ways than they currently are. As ticketing has transitioned from paper to PDF in the age of digital credentials, a new wave of post-pandemic performances has started to shake up the live-event ecosystem via - you guessed it - NFTs.Īlthough it can sometimes seem like digital art and generative avatars are the only use cases for NFTs that have longevity, this just isn’t so. For the better part of a decade, concert and festivalgoers have foregone ink and paper in favor of storing their event tickets on their phones.
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