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 difficulty NFTs utilizing the Flow blockchain. Organizers will be capable to mint NFTs earlier than, throughout, or after an occasion they usually can symbolize tickets or memorabilia, VIP entry and rewards as nicely. 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 information 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 accordance with cryptoslam.io information. 30-day stats point out Flow is the fifth-largest slightly below Immutable X which noticed a 417% rise up to now month.
Flow additionally confirmed the Ticketmaster deal on Wednesday when it tweeted about it to Live Nation followers. “Big news for live event fans,” Flow mentioned. “[Ticketmaster] event organizers now can offer digital keepsakes, minted [on Flow].” The firm continued:
Activate entry to experiences and rewards. And that’s not all — [Ticketmaster] is empowering occasion organizers to reinforce 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 beneath.
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