[yata69420]

> What's stopping from people from sharing accounts?

I guess if the ScalperAccount has a dedicated wallet that only has one asset, and that wallet's private key is sold, sure. Of course, there would be no guarantee that you're not being scammed when you send payment and never receive the private key. When done on-chain, there is a guarantee that you will receive the NFT you purchased.

People do this today with video game accounts, usually ones that have a single game or subscription obtained through gray or black market transactions.

But in an NFT-enabled world, you would need to be signed into the seller's wallet to attend the event and it wouldn't be your normal wallet. Identity could be confirmed cryptographically with an attestation or heuristically by having some amount of additional assets in the buyer/seller wallets (because everything would go with the wallet if private keys were shared).

Also if people traded private keys in this way, they would lose out of value adds like POAPs that contribute to your history, which could be useful for getting better tickets in the future or proving social status or whatever.

In this case, NFTs allow for a secondary market to exist with additional stipulations (such as revenue sharing) via smart contracts.

Of course, all of this can be done with centralized services, but decentralized protocols have much better interoperability and trust than centralized databases with web APIs, which is the whole point of a trusted distributed ledger.

[dragontamer]

Have you ever tried to convince someone to not buy second hand Windows 10 keys?

Your argument relies upon other people acting in the way you describe. As opposed to the way I've seen them act for the last 20 years.

EDIT: Scalpers exist because they're the only ones who can sell seats after a show has been sold out. 2nd hand Windows 10 keys exist because when a Corporation buys 1000+ licenses but only uses 500 of them, they wanna recoup the costs by selling 500+ of those keys onto the 2nd hand market (even for a loss).

You can't beat economics with just saying "encryption" or "safety". Encryption/safety just changes the economics, and the price will adjust as appropriate. Fundamentally, scalpers (or at lest, more expensive tickets that are sold "after" a sellout is announced) is just an economic reality.

[yata69420]

I think you've got it, so I'm not sure why you don't understand the value of NFTs. It's entirely about economics.

In the case of Windows keys, if Microsoft issued them as an NFT, then the only way to get a valid one would be from Microsoft or via secondary market resale.

Obviously, if Microsoft sells the key, the user paid for the key.

If the user resells the key, Microsoft can now also get paid a transfer fee baked into the NFT contract. Plus they have traceability for where every key went.

Now instead of policing secondary gray markets, they capture additional value from resales. The purchaser of the resale is 100% sure it's a valid key, and the sellers with surplus licenses have a marketplace to unload them.

The NFT in this scenario facilitates Microsoft getting paid for this trade without the trouble of setting up a secondary license trading site. As long as the fee to Microsoft on the NFT transfer is less than the 20% or so that the escrow (ebay) takes, it makes good economic sense for all 3 parties.

[nradov]

Why would Ticketmaster ever go along with that? What's in it for them? They already have a centralized platform for selling and reselling concert tickets. They're not going to give up any of that revenue.