This week, Ticketmaster Entertainment, Inc. The company said it will provide event organizers with the ability to redeem non-redeemable token (NFT) tickets via the Flow blockchain. Last November, Ticketmaster said it was working with Polygon, but since Super Bowl LVI, the ticket sales and distribution behemoth has started working with Dapper Labs’ managed flow.
Ticketmaster has collected more than 5 million NFTs using flow technology
In the year On August 31, 2022, a sportsbusinessjournal.com report detailed that Ticketmaster will allow event organizers to issue NFTs using the Flow blockchain. Organizers can generate NFTs before, during or after the event and can represent tickets or memorabilia, VIP access and even prizes. The ticketing agency has issued 5 million NFTs through Flow Network, the report said.
Clients who have released NFT include The Black Crowes, Apollo Theater and Gavin DeGraw. Ticketmaster said it originally used Polygon, but in February decided to use Flow, the world’s largest ticket marketplace, for Super Bowl LVI NFT tickets.
Flow already works with the NFL through a partnership developed for “NFL All Day” NFTs. Additionally, the workflow at Dapper Labs was also used to develop the “NBA Top Shot” NFTs and the “UFC Strike” NFTs. In addition, NFL game-goers will be able to get NFT tickets through Flow to more than 100 games from the 2022 season.
Flow says ‘Ticketmaster is empowering event organizers’
According to all-time statistics from NFT data aggregator cryptoslam.io, Flow blockchain commands the fourth largest position in terms of NFT sales among 19 different blockchains. According to cryptoslam.io data, the Flow blockchain has recorded $1,098,215,401 in NFT sales in all time. The 30-day statistics indicate a 417% growth in the past month, which is the fifth largest below Immortal X.
flow as well Confirmed Ticketmaster deal on Wednesday when he tweeted about it to Live Nation fans. “Great news for live event fans,” Flow said. “[Ticketmaster] Event organizers can now offer digital treats. [on Flow]He said. The company continued:
Activate access to experience and rewards. And that’s not all – [Ticketmaster] It encourages event organizers to develop live experiences for fans – share your experiences online, never miss a scene you love, new ways to reward communities; [and] Enjoy VIP experiences.
What do you think about Ticketmaster choosing Flow blockchain for ticket-related NFTs, memorabilia, VIP access and rewards? Let us know what you think about this in the comments section below.
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