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.
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.
Picture Credit: Shutterstock, Pixabay, Wiki Commons