NFT Tickets sale On Blockchain
Many people think they missed the NFT trend, but this couldn’t be further from the truth. Instead, NFTs are going through an evolution. This is the next step in their change from a class of digital assets whose value comes from being new to one that consumers and businesses can use. This new generation of NFTs could change a lot of different industries, starting with event tickets.
When NFTs were first shown to the public, they were not much more than a few lines of code linked to a JPEG image. “Devoted blockchain investors saw value in these digital assets, but it was hard to convince the general public that they were worth anything,” says Hunter Abramson, CEO of Relic Tickets, an innovative NFT ticketing company.“That is if the average person could even understand what an NFT was, to begin with.” With newer NFTs, however, it is much easier to show customers why they are useful and important.
NFT Tickets On Blockchain
NFT Tickets On BlockchainMany people think they missed the NFT trend, but this couldn’t be further from the truth. Instead, NFTs are going through an evolution. This is the next step in their change from a class of digital assets whose value comes from being new to one that consumers and businesses can use. This new generation of NFTs could change a lot of different industries, starting with event tickets. When NFTs were first shown to the public, they were not much more than a few lines of code linked to a JPEG image. “Devoted blockchain investors saw value in these digital assets, but it was hard to convince the general public that they were worth anything,” says Hunter Abramson, CEO of Relic Tickets, an innovative NFT ticketing company.
Many of the problems in the business of selling tickets
Many of the problems in the business of selling tickets can be traced back to the fact that the technology being used now is quickly becoming outdated. About 30 years ago, QR code technology was made, but barcode technology was made a long time before that. Even though spinning QR codes and other more traditional aspects of ticketing will still be important in the next stage of its growth, it’s time for a change because the industry has mostly been using the same technology for so long.
Customers and businesses are both affected by the problems
Customers and businesses are both affected by the problems with the current technology, which makes the ticketing issue even more important. For instance, if a customer is tricked, they lose money and are unhappy because they got a fake ticket and can’t go to an event. For the event organizer, a customer who gets ripped off is a ticket that could have been sold but isn’t. This means that the event organizer loses money.
Also, customers have more power than ever to show how unhappy they are with technology by using the most powerful tool possible: their money. “If a person who wants to buy a ticket doesn’t feel safe doing so because they don’t think the transaction is safe enough,” Abramson says. “Consumers can choose from dozens of events.” If you don’t invest in the safest, most up-to-date ticketing technology, you risk losing sales to your competitors.
What makes NFT tickets safer?
Consumers will be able to see the benefits of NFT tickets for transaction security, especially how it can cut down on fraud. You can make fake QR codes and barcodes, but you can’t make fake blockchain codes. Because blockchain technology can be checked by anyone, people who buy NFT tickets can be sure they have a real ticket to an event.
With NFT tickets, scalping is almost impossible to do. “Scalpers try to buy a lot of tickets so they can sell them for more than face value, leaving people who want to go without a choice,” says Abramson. “Because blockchain technology keeps a verified record of every transaction, ticket scalpers can’t buy up a lot of tickets at once. “Organizers of the event will know if certain buyers are acting in a bad way.”
This doesn’t mean, though, that the secondary market is no longer a good idea. NFT technology makes the secondary market a much safer place for fans to buy and sell tickets without having to worry about whether or not the transaction is real. Once a ticket has been bought, giving it to someone is as easy as exchanging Ethereum wallets.
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