Altcoins Talks - Cryptocurrency Forum
Marketplace => Marketplace & Bitcoin Services => Advertise Your Stuff => Topic started by: martinnura on April 25, 2023, 08:45:24 AM
-
One of the various use cases of the NFT is ticketing. Ticketing as a sector is often plagued with scalping, fraud, and counterfeit products. With the transparency of NFTs and the blockchain, this can be mitigated. The artists and event organizers have more control over the ticket sales and can also earn royalties when they are retraded on designated NFT marketplaces for digital collectibles. Apart from this, a cap can be sent on secondary trades, eliminating the scope for ticket scalpers. Therefore, the introduction of NFTs in the ticketing industry could make the process and the industry far more transparent than it already is.