

Blockchain technology allows for a new and enhanced way to exchange goods and services through smart contract technology, and NFT ticketing is the next frontier in this evolution.
NFT Ticketing
NFT ticketing combines technology and use cases to provide new enhanced ways for consumers to purchase tickets to all their favorite events.
We’ve all heard the stories. You buy a ticket to see your favorite artist or sports team on the secondary market, only to find at the arena that the ticket is a fake. Or worse, your ticket was real but somehow compromised.
Blockchain technology is enhancing the way we exchange our goods and services for the better, and event ticketing is no different.
Leveraging Non-Fungibility
A non-fungible token (NFT) is a digital asset that is unique in that there is only one version of it. They can represent art, real estate, or even sporting/events tickets.
Since they are stored on the blockchain, there is verifiable proof of authenticity and the holder's ownership. This gives them significant flexibility in a variety of industries - and ticketing is perhaps one of the most significant.
“One thing I guarantee you about the NBA in 25 years is that our tickets are NFTs”, said serial entrepreneur Gary Vee.
For a more detailed breakdown on NFTs, check out our guide here.
Perks
A number of benefits exist to offset manipulative practices that exist in traditional ticketing markets (think inflated resale prices and ridiculous services fees). They include:
- With NFT tickets, anyone can track the transaction on a blockchain ledger;
- NFT ticketing systems can limit resale values and fees through smart contracts;
- Event organizers can eliminate third-party distribution by minting the amount of NFT tickets needed; and
- Artists can directly reward NFT ticket holders with exclusive airdrops and other experience perks.
Solving Traditional Ticketing
NFT ticketing could ultimately flip the traditional ticketing process on its head through four solutions to existing industry dilemmas.
- Preventing Forgery: QR codes are easily modifiable creating gaps in security and ultimately fraud. Since NFTs are on the blockchain, event organizers can easily verify the authenticity of each ticket to verify ownership.
- Increased Efficiency: Selling and minting NFT tickets is faster, cheaper, and a more efficient distribution method. This saves event organizers time and money.
- Revenue Streams: NFT ticketing can offer ongoing royalties to the artist and event organizers ensuring revenue from secondary market sales. Ticket holders can also choose to sell any exclusive airdrops or perks that come with owning the NFT.
- Loss Prevention: Traditional tickets are easy to lose, damage, or have stolen. Since NFT tickets can be stored on a digital wallet and accessed quite easily, this risk is essentially mitigated.
Utility is the name of the game with NFTs, so it only makes sense that NFT ticketing would be the natural evolution for event organizers and consumers alike. For a full detailed breakdown of NFT ticketing, you can find a guide here on the Binance Blog.

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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Ice Network Releases Whitepaper: Here’s What You Need to Know

The Whitepaper details Ice Network’s components, including tokenomics and more.
Ice Network, a mobile mining blockchain platform, has recently made its long-awaited whitepaper available to its user base, referred to as Snowmen. The whitepaper was released to the public on September 28.
🎉 Exciting news! 🎉 Our Whitepaper is now LIVE! 📄 Access it directly from the app under the news section. 📲
— Ice: Decentralized Future (@ice_blockchain) September 28, 2023
New to Ice? Our invitation page has a fresh look and is packed with all the necessary info, making it easier than ever to dive in! 🚀🤓
But that's not all! We've…
For users eager to access the document, it is available through the Android application in the news section. The protocol has further confirmed that an iOS version will be released for iPhone users soon after confirming its submission on the Appstore store, which ostensibly not yet been accepted.
The whitepaper offers a comprehensive insight into the Ice Open Network (ION), providing information about various components of this mining blockchain. These components include IceID, IceConnect, IceNet, IceVault, and IceQuery. Additionally, the whitepaper delves into the intricacies of Decentralized Community Governance and Tokenomics.
Components of Ice Network
Here’s a quick overview of the components, according to the document:
IceID: IceID is the network’s decentralized digital identity designed to bridge the gap between real-world use cases and blockchain technology. The IceID allows ION-based and other Decentralized Applications (dApps) to interact with verified and trusted users while protecting their personal identification data with enhanced security and privacy measures.
“By decentralizing key aspects of digital identity management – such as data storage and access control – users can decide which dApps can access their data, which attributes are accessed, when they are accessed, and for what purpose,” the document reads.
IceConnect: Ice Network refers to this as “Decentralized Social Media,” aiming to promote information accessibility, limit censorship, and give authority over the spread of information to users.
IceNet: This is the blockchain’s Decentralized Proxy and Content Delivery Network. IceNet was introduced to give users “digital freedom in an era of increasing censorship.” With the service, Ice users can deliver uninterrupted content with privacy. Further, IceNet offers dApps and users secure, swift, and continuous access to content.
IceVault: IceVault is the network’s Decentralized Storage, designed to offer users an alternative to traditional cloud storage providers. Ice Network wrote that the IceVault “provides an infrastructure with reduced risk of hacks, unauthorized access, or data breaches.”
IceQuery: This is the last component, the Decentralized Database, created to provide a transparent, trustworthy, and secure database system for dApps building on the ION ecosystem.
Ice Network aims to provide a comprehensive solution for dApps, data management, and digital identity by combining all components into its platform.
“By integrating these features into a single, scalable blockchain infrastructure capable of handling millions of requests per second and catering to billions of users, the Ice Open Network aims to provide a comprehensive solution for decentralized applications, data management, and digital identity. This positions ION at the forefront of a new, user-centric digital landscape,” Ice wrote.
Building on TON’s Foundation
According to the whitepaper abstract, ION is building upon the foundation of The Open Network (TON) blockchain. Its primary goal is to establish an ecosystem of decentralized services that encourage active participation and genuine content creation. This ecosystem is designed to reward contributors and foster the development of authentic content.
The release of Ice Network's whitepaper is a significant development for the Ice ecosystem, offering a detailed and transparent overview of the platform's key components and objectives.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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