South Korean leisure large, Dreamus, the corporate behind internationally acknowledged Ok-pop stars Twice, Psy, and MissA, has rolled out a newfangled live performance ticketing system via NFTs on its dad or mum 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 desirous to attend forthcoming Dreamus’ occasions can now shortly safe safeguarded tickets for notable Ok-pop concert events and past by way of the platform. Already, OK Cashbag grants entry to the ‘Seoul Jazz Pageant’ and the basic musical, ‘Phantom of the Opera’, owing to present ticket issuance on-chain by way of the UPTN Subnet.
Totally different from standard NFTs out there on secondary marketplaces like OpenSea, the Avalanche-based ticket passes supply a particular aptitude. By integrating a QR code that solely involves life through the day of the occasion, the ‘Blockchain Ticket Complete 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, nevertheless, 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 massive win for blockchain ticketing and actual world use instances 🎟️🔺 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, exhibits, and occasions, because it goes head-to-head with the business large, Ticketmaster.
NFT-Tix is one other drive within the NFT ticketing business value giving a shout out, providing on-chain passes to occasion attendees of great 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. As a result of 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.
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