Benefits of NFT tickets include:
- Preventing scams and fake tickets: The blockchain provides a single source of truth for both organisers and ticket holders. The transfer of NFTs from initial sale to any subsequent resale is recorded immutably on the blockchain, so all parties involved can easily verify the authenticity of the ticket. Even cooler, in cases where resale of tickets is strictly forbidden, NFTs can be programmed as non-transferrable, so they physically cannot be moved to another buyer.
- Perpetual revenue: As programmable digital assets NFTs can have built-in rules for resales, merchandise, content and royalty splits. This means that the organiser can determine profit sharing percentages for any future resales or downstream creative content on secondary markets, and reliably receive these funds knowing they are unalterable within the NFT’s coding.
- New revenue opportunities: NFTs put tickets into the realm of programmable money, opening up unlimited potential for new revenue opportunities. For example resale of NFT tickets as collectables, using NFT tickets as a gateway for giving food and drink deals, even rewarding super fans who have collected a certain number of event tickets.
Over the past year the NFT tickets have gained more attention in the crypto space. I have compiled extensive list of developers, investors, financial instintutions, ticketing companies and NBA owners that have advocated the benefits of NFT ticketing
Mark Cuban – Entrepreneur, shark and owner of the Dallas Mavericks
https://preview.redd.it/k2zoj07hvtb81.png?632&format=png&auto=webp&s=65a0e2c83821f1b3bff121891cf67aa030b1bcf2
Gary Vaynerchuk - CEO of Vaynermedia, Creator of veefriends
https://preview.redd.it/59781hd3ttb81.png?512&format=png&auto=webp&s=08406f2bc45d558d4216ff0c05e71f5678bd3b50
Jack Groetzinger – CEO Seatgeek
https://preview.redd.it/m9lkfhk8ttb81.png?359&format=png&auto=webp&s=e12323191a507d1f7ad0836fe9b9aba0b7e86353
Ted Leonsis – owner of NBA's Wizards, the NHL's Capitals, the WNBA's Washington Mystics
https://preview.redd.it/14k6idkjttb81.png?944&format=png&auto=webp&s=b04d6ab877077c18f85100b75d277cf4e6faab0e
Barry Ritholtz – co-founder of Ritholtz wealth mangement – 2 billions usd under management
https://preview.redd.it/74jxll3mutb81.png?455&format=png&auto=webp&s=fc4886553e652a7c5fb9a3755c822346f823df25
Coinmarketcap
https://preview.redd.it/fy7m0emsutb81.png?474&format=png&auto=webp&s=c2d550c78c90425602937f60d5dba9c42c62b4e0
Bankless
https://preview.redd.it/vnt6j50zutb81.png?368&format=png&auto=webp&s=d776fa5502b8b6d16f34ee232e1f7e23d19edec8
Joe Rogan Experience
https://preview.redd.it/kqll0w03vtb81.png?389&format=png&auto=webp&s=0667fe950610653de77b1a7169d978608675139b
Grayscale - Worlds largest crypto asset manager
https://preview.redd.it/w85b3prcvtb81.png?945&format=png&auto=webp&s=d1e2bf71ba91c0ea3b5c3bcd98fc01da82c40373
Vitalik Buterin - co-founder Ethereum
https://preview.redd.it/0lv82fosstb81.png?345&format=png&auto=webp&s=e7e2f03ab0d0edd960a1fbed027624b503dec373
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