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Ticket Marketplace Giant Ticketmaster Chooses Flow Blockchain for NFT Push – Blockchain Bitcoin News

by Jamie Redman
August 31, 2022
in Cryptocurrency
Reading Time: 3 mins read
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This week, Ticketmaster Leisure, Inc. revealed the corporate will give occasion organizers the power to mint non-fungible token (NFT) tickets through the Stream blockchain. Final November, Ticketmaster mentioned it was working with Polygon however since Tremendous Bowl LVI, the ticket gross sales and distribution behemoth began working with the Dapper Labs-managed Stream.

Ticketmaster Has Minted Extra Than 5 Million NFTs Utilizing Stream’s Know-how

On August 31, 2022, a sportsbusinessjournal.com report detailed that Ticketmaster will permit occasion organizers to problem NFTs utilizing the Stream blockchain. Organizers will be capable to mint NFTs earlier than, throughout, or after an occasion they usually can signify tickets or memorabilia, VIP entry and rewards as properly. The report notes that the ticketing company has already minted 5 million NFTs through the Stream community.

Purchasers which have issued NFTs embrace The Black Crowes, the Apollo Theater, and Gavin DeGraw. Ticketmaster initially mentioned it will use Polygon however in February the world’s largest ticket market determined to make use of Stream for the Tremendous Bowl LVI NFT tickets.

Stream already works with the NFL through the partnership it labored out for the “NFL All Day” NFTs. Moreover, the Dapper Labs operated Stream was additionally leveraged to mint “NBA High Shot” NFTs and “UFC Strike” NFTs. Moreover, NFL sport attendees can get Stream-issued NFT tickets from over 100 video games from the 2022 season.

Stream Says ‘Ticketmaster Is Empowering Occasion Organizers’

All-time statistics from the NFT knowledge aggregator cryptoslam.io exhibits that the Stream blockchain instructions the fourth largest place when it comes to NFT gross sales amongst 19 completely different blockchains. The Stream blockchain has recorded $1,098,215,401 in all-time NFT gross sales, in accordance with cryptoslam.io knowledge. 30-day stats point out Stream is the fifth-largest slightly below Immutable X which noticed a 417% rise prior to now month.

Stream additionally confirmed the Ticketmaster deal on Wednesday when it tweeted about it to Reside Nation followers. “Huge information for stay occasion followers,” Stream mentioned. “[Ticketmaster] occasion organizers now can provide digital keepsakes, minted [on Flow].” The corporate continued:

Activate entry to experiences and rewards. And that’s not all — [Ticketmaster] is empowering occasion organizers to boost stay 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.

Tags on this story
Apollo Theater, live shows, Dapper Labs, Occasion organizers, Stream, Stream blockchain, Gavin DeGraw, Reside Nation, NBA High Shot, NFL, NFL All Day, NFTs, Non-fungible Token, Sports activities Video games, The Black Crowes, ticketing, Ticketing Large, Ticketmaster, Ticketmaster Tickets, tickets, UFC Strike

What do you concentrate on Ticketmaster selecting the Stream blockchain for ticket-related NFTs, memorabilia, VIP entry, and rewards? Tell us what you concentrate on this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,700 articles for Bitcoin.com Information in regards to the disruptive protocols rising at this time.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

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