A non-fungible token (NFT) ticketing platform powered by the Polygon network, an Ethereum scaling technology, is being introduced by the American sports publication Sports Illustrated.
Sports Illustrated Introduces NFT Ticketing Platform
“Box Office” was created by the Ethereum software startup ConsenSys, the creator of the cryptocurrency wallet MetaMask, in collaboration with Sports Illustrated’s ticket marketplace SI Tickets. The first comprehensive NFT ticket service will be made available, according to the statement made on Tuesday. Event owners, organizers, and promoters will be able to use Box Office to incorporate extra engagement opportunities into tickets, such as highlights, collectibles, and deals, thanks to a feature called “Super Ticket.”
David Lane’s Statements
The marketplace’s initial objective, according to SI Tickets CEO David Lane, is to “disrupt the primary ticket market.”
“Blockchain is the future of ticketing, and now owners, promoters, hosts and attendees have access to an advanced ticketing experience that transforms the antiquated barcode into engaging and collectible content,”
David Lane
About Using NFTs as Tickets
A frequently mentioned possible mass-market application of Web3 technology is the use of NFTs as tickets for live events. NFT ticketing might gain more traction if a well-known brand like Sports Illustrated entered the market.
“Blockchain technology offers significant benefits for consumers, particularly ticketing, including enhancing payment security, and eliminating scalping and fraud,”
Brian Trunzo, head of business development, North America, for Polygon Labs
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