Would be amazing to see NFT’s change the ticket selling/scalping market.
NFTs offer no benefits there.
NFTs and the underlying blockchain technology only makes sense when there’s no singular authority for something, and nobody among the “distributed authority” trusts each-other. Blockchain is just an extremely inefficient distributed write-only database.
But, for tickets to a venue, there is a singular authority: the venue owner. It’s the venue owner who hires the people who check the tickets, and the bouncers who keep the people without tickets out. Technology isn’t going to solve the issue of selling tickets / scalping because it was never a technological problem, it’s a business problem.
NFTs offer no benefits there.
NFTs and the underlying blockchain technology only makes sense when there’s no singular authority for something, and nobody among the “distributed authority” trusts each-other. Blockchain is just an extremely inefficient distributed write-only database.
But, for tickets to a venue, there is a singular authority: the venue owner. It’s the venue owner who hires the people who check the tickets, and the bouncers who keep the people without tickets out. Technology isn’t going to solve the issue of selling tickets / scalping because it was never a technological problem, it’s a business problem.