This week, Ticketmaster Entertainment, Inc. revealed the corporate will give occasion organizers the power to mint non-fungible token (NFT) tickets through the Flow blockchain. Last November, Ticketmaster mentioned it was working with Polygon however since Super Bowl LVI, the ticket gross sales and distribution behemoth began working with the Dapper Labs-managed Flow.
Ticketmaster Has Minted More Than 5 Million NFTs Using Flow’s Technology
On August 31, 2022, a sportsbusinessjournal.com report detailed that Ticketmaster will permit occasion organizers to situation NFTs utilizing the Flow blockchain. Organizers will be capable of mint NFTs earlier than, throughout, or after an occasion and so they can symbolize tickets or memorabilia, VIP entry and rewards as effectively. The report notes that the ticketing company has already minted 5 million NFTs through the Flow community.
Clients which have issued NFTs embody The Black Crowes, the Apollo Theater, and Gavin DeGraw. Ticketmaster initially mentioned it might use Polygon however in February the world’s largest ticket market determined to make use of Flow for the Super Bowl LVI NFT tickets.
Flow already works with the NFL through the partnership it labored out for the “NFL All Day” NFTs. Furthermore, the Dapper Labs operated Flow was additionally leveraged to mint “NBA Top Shot” NFTs and “UFC Strike” NFTs. Furthermore, NFL sport attendees can get Flow-issued NFT tickets from over 100 video games from the 2022 season.
Flow Says ‘Ticketmaster Is Empowering Event Organizers’
All-time statistics from the NFT knowledge aggregator cryptoslam.io reveals that the Flow blockchain instructions the fourth largest place when it comes to NFT gross sales amongst 19 totally different blockchains. The Flow blockchain has recorded $1,098,215,401 in all-time NFT gross sales, in line with cryptoslam.io knowledge. 30-day stats point out Flow is the fifth-largest just under Immutable X which noticed a 417% rise prior to now month.
Flow too confirmed the Ticketmaster deal on Wednesday when it tweeted about it to Live Nation followers. “Big information for reside occasion followers,” Flow mentioned. “[Ticketmaster] occasion organizers can now supply digital keepsakes, minted [on Flow].” The firm continued:
Activate entry to experiences and rewards. And that is not all — [Ticketmaster] is empowering occasion organizers to boost reside experiences for followers — Share your experiences on-line, by no means lose that ticket from the present you really liked, new methods to reward communities, [and] get pleasure from VIP experiences.
What do you consider Ticketmaster selecting the Flow blockchain for ticket-related NFTs, memorabilia, VIP entry, and rewards? Let us know what you consider this topic within the feedback part under.
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