One of the most promising immediate perfect fits for NFT tech is the events industry. Ticketing has always been an expensive process, prone to scams, authenticity issues and reliance on monopolies. NFTs offer solutions for these issues and more.

How NFTs can be used for ticketing

NFTs are, in essence, unique digital tokens stored on the blockchain. Once they are minted (created) onto a blockchain (a ledger system that is decentralised and therefore secure and transparent), they can be sold and transferred to customers digitally. Customers then store their NFTs in a secure digital wallet that can be accessed by any device.

NFTs can represent any form of unique information, such as an event ticket. And event organisers can mint the required number of unique NFT tickets onto their chosen blockchain. That’s just the beginning.

NFTs can also be programmed to set a sale or even run the sale as an auction where people can bid for tickets. Customers can then purchase the NFT tickets and store them in their wallets, which can be accessed on their phones. The NFT can then be easily produced when customers arrive at the event.原文網站