NFTs have the potential to change the ticketing game forever

Ticketing issues seem to be more and more common: The Rolling Stones concert in 2016, the 2017 Fyre Festival fiasco, Beyonce and Jay-Z’s 2018 “On the Run” tour, and most recently, Taylor Swift’s Era tour debacle.

Many believe that large-scale ticketing giants have held a monopoly on event hosting for the world’s crème de la crème. But I think the only answer to all issues related to tickets is NFTs.

The issues with the global ticketing industry are well-documented at this point. Bot-based tech has us fighting due to dynamic pricing and getting into a mode of panic buying. Then there are hidden fees, queues and scams, scalping, counterfeiting, pricing wars in the resale market, and more. We can agree that it’s unfair and unethical. The industry’s in desperate need of more transparency and authenticity.

NFTs have the potential to change the ticketing game forever, I even bought one NFT ticket last year for a music festival. I've seen on ReelStar how artists may benefit thanks to NFTs, so NFT ticketing is just another plus for them.

NFT ticketing could provide a more flexible and customizable ticketing experience for fans. For example, event organizers could create special NFT tickets for VIP experiences or exclusive events, or allow fans to purchase collectible NFT tickets that could increase in value over time.

Have you ever bought an NFT ticket so far?