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 mother or father 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 live shows and past through the platform. Already, OK Cashbag grants entry to the ‘Seoul Jazz Pageant’ and the traditional musical, ‘Phantom of the Opera’, owing to current ticket issuance on-chain through the UPTN Subnet.
Totally different from typical NFTs accessible on secondary marketplaces like OpenSea, the Avalanche-based ticket passes provide a particular aptitude. By integrating a QR code that solely involves life throughout the day of the occasion, the ‘Blockchain Ticket Whole Resolution Service’ ensures unique entry for the unique purchaser solely, proscribing 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 this can be a large 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 lately raised $4.5 million in funding to make use of NFTs to entry live shows, exhibits, and occasions, because it goes head-to-head with the business large, Ticketmaster.
NFT-Tix is one other power within the NFT ticketing business value giving a shout out, providing on-chain passes to occasion attendees of serious occasions like Unum and EXIT Pageant, granting once-in-a-lifetime alternatives as added advantages.
Nonetheless, the main 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 reside 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 part of the Weekly Publication
Follow us on Twitter
Like us on Fb
Observe us on Instagram
*All funding/monetary opinions expressed by NFT Plazas are from the private analysis and expertise of our website moderators and are supposed as instructional 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.