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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
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