32 C
Dubai
Wednesday, November 6, 2024
spot_img

How industries from events to healthcare to entertainment can benefit from NFT tickets

[ad_1]

Non-fungible tokens (NFTs) are widely known for their use as digital collectibles and the gaming industry, and now it seems to have captured the imagination of the ticketing market. “NFT tickets provide a more streamlined and efficient issuance system and provide multiple benefits to guests and organizers. NFT tickets are a more reliable and reliable method of ticket issuance, as tickets based on tokenized assets are rarely There is black marketing, cheating or trust issues,” Ashish Agarwal, co-founder of Lepasa Metaverse, told FE Digital Currency.

It is believed that NFT tickets became popular after digital artist Beeple sold for more than $69 million. According to industry experts, NFTs ensure transparency in the ticketing industry with the help of blockchain. “These tickets provide authenticity verification and make ownership transparent by making them available,” said Farheen Ahmad, founder and CEO of Interality, an online game engine. Additionally, industry experts believe that NFT tickets are immune to black market marketing and multiple ownership.

Furthermore, it is believed that NFT tickets can create a win-win situation for buyers and organizers, resulting in a game-changing impact on industries such as events, travel, tourism and ticketing industries. “NFT tickets have great potential for live performances and music events, including streaming platforms that can provide personalized content based on the ownership of a specific performance. These tickets allow data to be shared between organizations and brands. This data can be further leveraged to create users role and optimize marketing and advertising spend,” said Saurav Raaj, founder and director of Wize, a business company NFT infrastructure.

Also read: ASX moves towards tokenized asset trading

follow us Twitter, Facebook, LinkedIn



[ad_2]

Source link

Related Articles

Dubai Celebrates Flag Day: A Tribute to Unity and National Pride

Dubai marked a proud and spirited celebration of Flag Day, a national event that has become an enduring symbol of unity, pride, and devotion...

Dubai Tourism Boom: Record Visitor Arrivals Drive Unprecedented Growth

Dubai tourism industry is experiencing an unprecedented boom, setting new records for visitor arrivals in 2024. The city, renowned for its luxurious offerings and vibrant...

Dubai Active Fitness Expo Ignites the City: Unleashing Energy and Kicking Off the Dubai Fitness Challenge

Dubai Active Fitness Expo kicks off today at Expo City Dubai, marking the beginning of the highly anticipated Dubai Fitness Challenge. The three-day event, which...

Dubai Gears Up for the Plus500 City Half Marathon: Empowering Runners to Conquer Iconic Routes

Dubai is preparing to host the highly anticipated Plus500 City Half Marathon, an event that promises to attract runners of all levels and offer...

Blockchain Life 2024 in Dubai: A Legendary Gathering of Market Insiders Ahead of the Bull Run

On October 22-23, the legendary Blockchain Life 2024 forum will take place in Dubai. Over 10,000 participants from 120 countries will come together for...

Latest Articles