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mosseater | 3 years ago

An NFT solution to ticketing seems like it would be trivial given how NFTs operate already. One ticket could be verifiably owned by one person. If that person wanted to resell the ticket, there could be restrictions on how much they could sell it for. If bots can't make a profit there's no use in buying out all the tickets. It would also decentralize the space. Sure you need a marketplace for the NFT tickets, but that could easily be a open source software suite that the venues themselves host. Gas price will probably be a lot less than ticketmaster fees.

Honestly it seems like the biggest problems here are that Ticketmaster in particular has a huge sway in the current venue and artist market, having contracts that require an artist or venue to exclusively use their ticketing system.

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bigjump|3 years ago

This is what https://www.get-protocol.io/ are doing.

“ Tickets become tradable digital collectibles (NFTs), with a variety of awesome possibilities for fans & event organizers.”

pclmulqdq|3 years ago

NFTs actually can't algorithmically restrict transfer prices or algorithmically take fees. The fee taking that happens today is done by an exchange as a courtesy to the "artist."

This is one of the limitations of the NFT model.

thrtythreeforty|3 years ago

I was under the impression you can run arbitrary code in the blockchain?

tigrezno|3 years ago

NFT are the solution to this problem.