in

More and more entrepreneurs are seeing the benefits of blockchain ticketing. After NBA owner Mark Cuban, we now have CEO of Monumental Sports & Entertainment giving his endorsement. In crypto only GET protocol is doing it.

More and more entrepreneurs are seeing the benefits of blockchain ticketing. After NBA owner Mark Cuban, we now have CEO of Monumental Sports & Entertainment giving his endorsement. In crypto only GET protocol is doing it.



View Reddit by AdnanzzzView Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

6 Comments

  1. The hype around NFTs and blockchain has reached the NBA owners. After art, NFT ticketing could be the next frontier for the adoptions of blockchain and NFTs.

    So far I have only come across on company that is already selling blokchain tickets, GET protcol. GET protocol already sold 600k tickets on the blockchain, many more will follow after covid. The blockchain/nfts tickets of GET protocol have many similar advantages to the benefits and necessary innovations Ted Leonisis describes

    “As it currently stands, once a team sells a ticket to the primary market buyer, they fall out of the loop. If the ticket is resold, they don’t know who bought the seat, and if the ticket is resold at a profit, they don’t share in any of the upside. “What a Blockchain can do, is say we’re all in this together,” Leonsis explained. Each time the ticket is resold, the club can take a cut of the transaction.” – Ted Leonises

    Benefit GET protocol lists on the website of their blockchain smart tickets:

    “Complete control over the sale and resale between ticket holders from the moment the first ticket is sold until the last ticket is validated.”

    “Knowing who is in control of the ticket can also help teams offer better service to their fans. As Ryan explained, “Someone bringing a kid to the game might really value a picture with the mascot, while someone going with their buddies might value access to the premium club. Neither of those things costs the team any money to do.”

    This can all be done using NFT tickets

    I still think there is a lot potential growth in the NFT ticketing marketing. It is time ticketing industry get disrupted. When sports teams owners like Mark Cuban and Ted Leonisis start promoting blockchain ticketing, we will soon see higher levels of adoption

    Want to now more about nft ticketing

    [https://medium.com/get-protocol/the-desert-of-the-real-introducing-getnft-tickets-99a14e0b6951](https://medium.com/get-protocol/the-desert-of-the-real-introducing-getnft-tickets-99a14e0b6951)

    [https://get-protocol.io/](https://get-protocol.io/)

  2. It’s really exciting to see such prolific businessmen in the industries which ticket touting and ticketing problems plague, speak out about the issues and understand that blockchain is the key to solving these problems. At the end of the day these guys know the problems better than anyone, so for them to understand why blockchain can help is bullish and considering implementing solutions will save them money and make the entire experience better for everyone will absolutely result in it being implemented for mainstream adoption very soon.

    The fact that the GET Protocol has such massive first mover advantage in this industry and has been able to battle test and scale up the number of ticketing companies using the protocol will help prepare it for these kinds of huge events looking for solutions. I think if anything this is perfect timing now that mainstream adoption is coming round to the idea of blockchain and NFT Ticketing and GET should be able to capitalise on that.

    The Whitelabel solution is the key here really, giving ticketing companies the ability to easily integrate the protocol ensures that it can rapidly scale to fit as many ticketing companies as possible. Considering that 4 ticketing companies are using the system already and they are on track to ticket 2,000,000 tickets atleast next year, it’s looking good.

Loading…

0

What do you think?

Reef Finance responds to Alameda allegations and refutes events

Reef Finance responds to Alameda allegations and refutes events

Wall Street Tightens Crypto Embrace To Meet Rising Demand – eToro Crypto Roundup

Wall Street Tightens Crypto Embrace To Meet Rising Demand – eToro Crypto Roundup