Would be amazing to see NFT’s change the ticket selling/scalping market.
I’m interested to understand how blockchain would help here. I tried Googling a bit, but I didn’t find anything particularly clear. What do you think it would improve?
I guess scalpers wouldn’t be able to sell on tickets as only the person who owns the NFT can use the ticket. So that would mean scalpers can’t buy up tickets to sell at markup. Instead only people who want house the tickets themselves can buy, so fans will get the actual RRP ticket prices (I’m guessing).
But the enforcement can actually be built in and automatic with these smart contracts. This and chain of custody are probably the two most, maybe only, legit reasons to use block chain.
The enforcement has to be done by people. The thing that decides if your ticket is valid for entry to the event is a person. All an NFT does is add a bunch of unnecessary complexity on top.
Scalping does not happen because there’s not enough technology involved.
No, the ticket can invalidate itself if/when it is resold. Hell you could take the human completely out of it and theoretically make the entrance a turnstile that scans your ticket and won’t open for an invalid ticket.
Scalping does not happen because there’s not enough technology involved.
Ok, I have a few questions on how the nft tickets would work in your world:
What would they scan at the turnstile?
If its simply a qr code then why not simply sell a screenshot of the qr?
If it does some kind of transaction to verify that you have the wallet then who would pay the fees?
They could also just create a wallet for each ticket and sell the wallet…
Would the tickets you buy directly at the venue also be nfts?
What your suggesting is worse than just having a person at the door check that the name on the ticket matches the name on the person’s ID. Doing it as an NFT gives absolutely no benefits.
The venue could operate the turnstile much cheaper by keeping the ticket information in their own database. It’s far cheaper to do it that way. The NFTs give literally no benefit to anyone.
I’m interested to understand how blockchain would help here. I tried Googling a bit, but I didn’t find anything particularly clear. What do you think it would improve?
I guess scalpers wouldn’t be able to sell on tickets as only the person who owns the NFT can use the ticket. So that would mean scalpers can’t buy up tickets to sell at markup. Instead only people who want house the tickets themselves can buy, so fans will get the actual RRP ticket prices (I’m guessing).
That’s still possible without using NFTs tho
NFTs can have it built into their contract that they can’t be resold.
hmmmm it sounds like the real power was contract law the whole time.
But the enforcement can actually be built in and automatic with these smart contracts. This and chain of custody are probably the two most, maybe only, legit reasons to use block chain.
The enforcement has to be done by people. The thing that decides if your ticket is valid for entry to the event is a person. All an NFT does is add a bunch of unnecessary complexity on top.
Scalping does not happen because there’s not enough technology involved.
No, the ticket can invalidate itself if/when it is resold. Hell you could take the human completely out of it and theoretically make the entrance a turnstile that scans your ticket and won’t open for an invalid ticket.
Cool, but that’s not what is being discussed.
Ok, I have a few questions on how the nft tickets would work in your world: What would they scan at the turnstile? If its simply a qr code then why not simply sell a screenshot of the qr? If it does some kind of transaction to verify that you have the wallet then who would pay the fees? They could also just create a wallet for each ticket and sell the wallet… Would the tickets you buy directly at the venue also be nfts?
It is what’s being discussed. NFTs add nothing.
What your suggesting is worse than just having a person at the door check that the name on the ticket matches the name on the person’s ID. Doing it as an NFT gives absolutely no benefits.
The venue could operate the turnstile much cheaper by keeping the ticket information in their own database. It’s far cheaper to do it that way. The NFTs give literally no benefit to anyone.
You could still sell the tickets tho. Easily.