From exclusive access to multiple benefits, NFT tickets will revolutionize the event market.
It's been years since event tickets - from concerts to trade shows - were necessarily printed on paper. The end of physical tickets came with digitization and smartphones, but the news didn't end there: the world of live events is now disrupted by the advent of NFT.
Ticketing without money is still an uncharted reality, and while it's less well-known than the most popular tokens, from generative avatars to digital art, it's a very promising application.
First brought to market by Bored Apes, a collection of unplayable tokens created on the Ethereum blockchain, tokenized passes to concerts and festivals have long remained undeveloped in the NFT market. Now, however, they seem to have found new life.
How does an NFT ticket work?
Basically, a tokenized pass is nothing more than a ticket in the form of an NFT that lives on a blockchain and gives access to IRIs or virtual events.
Unlike classic digital tickets, the former provide access to various benefits.
Ticket issuers, who can transparently record attendance by using blockchain as a ledger, benefit first and foremost. Using it, they can also send notifications, give surprise gifts, create sites and services closed to tokens, or simply collect data related to NFT ticket holders.
However, ticket holders are not without benefits either: not only do they get a ticket to an event, but they also become owners of digital assets that often give them an exclusive experience or access to reserved fan clubs. In this way, an NFT ticket can be a true extension of an event: from concerts to festivals, from conferences to courses, they offer the same benefits as participating in classic PFP projects.