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How does the Online Ticket NFT Marketplace work?

Submitted by Eva Conner on Fri, 03/25/2022 - 02:58

As technology advances from Web 2.0 to Web3, some bright minds have come up with the idea of creating NFTs for tickets to events such as concerts and games. These markets can help to eliminate bogus tickets while also generating additional cash through secondary sales. Such NFT tickets can also act as a keepsake for fans who previously had to store paper tickets carefully for fear of being cheated. Even if the original purchaser of the ticket is unable to attend the event, they may simply resell it to someone else, and the smart contract records the transaction. This makes it easy for event organizers to see who is there, which might be beneficial.