South Korean leisure large, Dreamus, the corporate behind internationally acknowledged Okay-pop stars Twice, Psy, and MissA, has rolled out a newfangled live performance ticketing system by means of NFTs on its guardian firm, SK Planet’s, loyalty rewards app, OK Cashbag.
By tapping into OK Cashbag’s 100 million loyalty customers and leveraging Avalanche digital belongings, these desirous to attend forthcoming Dreamus’ occasions can now shortly safe safeguarded tickets for notable Okay-pop concert events and past through the platform. Already, OK Cashbag grants entry to the ‘Seoul Jazz Competition’ and the basic musical, ‘Phantom of the Opera’, owing to present ticket issuance on-chain through the UPTN Subnet.
Completely different from standard NFTs obtainable on secondary marketplaces like OpenSea, the Avalanche-based ticket passes provide a particular aptitude. By integrating a QR code that solely involves life in the course of the day of the occasion, the ‘Blockchain Ticket Whole Resolution Service’ ensures unique entry for the unique purchaser solely, limiting illicit entry for these desirous to attend an occasion utilizing another person’s ticket.
The app does, nonetheless, have plans within the pipeline to launch a secondary market with loyalty options.
SK Planet subsidiary and Korean leisure large Dreamus is launching a ticketing platform powered by Avalanche and SK Planet’s UPTN Subnet.
Let’s check out why it is a massive win for blockchain ticketing and actual world use circumstances 🎟️🔺 pic.twitter.com/f9JVKsxoaT
— Avalanche 🔺 (@avax) September 21, 2023
The Far-Reaching Results of NFT Ticketing
Dreamus’ live performance NFTs resonates with different business influencers and giants, together with the Web3 entrepreneur Gary Vaynerchuck, who grants unique entry to his Veecon conferences to bearers of his broad VeeFriends NFT assortment.
Furthermore, the next-gen ticketing platform Get Protocol just lately raised $4.5 million in funding to make use of NFTs to entry concert events, reveals, and occasions, because it goes head-to-head with the business large, Ticketmaster.
NFT-Tix is one other pressure within the NFT ticketing business value giving a shout out, providing on-chain passes to occasion attendees of great occasions like Unum and EXIT Competition, granting once-in-a-lifetime alternatives as added advantages.
Nonetheless, the most important perk of NFT ticketing consists of overriding faux tickets and scams. Because of the blockchain working like a register that may’t be altered and is safeguarded, particulars saved on-chain assist clients make wiser decisions — stopping secondary market misuse, faux tickets and scalping.
Such strides are instrumental in reshaping our stay leisure sector, affirming the blockchain’s significance within the leisure realm. Dreamus is now tuning into NFT ticketing to steer the cost.
Need extra? Join with NFT Plazas
Be a part of the Weekly NewsletterFollow us on TwitterLike us on FacebookFollow us on Instagram
*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our web site moderators and are supposed as academic materials solely. People are required to completely analysis any product prior to creating any sort of funding.
Digital artwork fanatic who brings a singular perspective to NFT information.
