South Korean leisure big, Dreamus, the corporate behind internationally acknowledged Okay-pop stars Twice, Psy, and MissA, has rolled out a newfangled live performance ticketing system via NFTs on its mum or dad firm, SK Planet’s, loyalty rewards app, OK Cashbag.
By tapping into OK Cashbag’s 100 million loyalty customers and leveraging Avalanche digital property, these eager 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 Competition’ and the basic musical, ‘Phantom of the Opera’, owing to present 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 Answer Service’ ensures unique entry for the unique purchaser solely, proscribing illicit entry for these eager 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 big Dreamus is launching a ticketing platform powered by Avalanche and SK Planet’s UPTN Subnet.
Let’s check out why it is a huge 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 trade 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 trade big, Ticketmaster.
NFT-Tix is one other power within the NFT ticketing trade price giving a shout out, providing on-chain passes to occasion attendees of serious occasions like Unum and EXIT Competition, 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 prospects make wiser selections — 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 guide the cost.
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