VENU is set to revolutionize the ticketing industry with the introduction of soft ticketing, leveraging the power of blockchain technology. This innovative approach aims to enhance the fan experience while addressing longstanding issues such as scalping and high service fees. The report highlights positive developments indicating that this new model could significantly improve transparency and accessibility in ticket sales.
Introduction of Digital NFTs as Tickets
The new system will utilize digital NFTs as tickets, allowing fans to upgrade, transfer, or share their tickets seamlessly. By incorporating built-in smart contracts, VENU ensures that scalping is effectively prevented, and the company receives its royalties immediately upon resale of tickets.
Reducing Dependency on Traditional Ticketing Giants
This strategic move is designed to reduce the dependency on traditional ticketing giants like Ticketmaster, which often impose hefty fees on consumers. VENU anticipates that blockchain ticketing will account for 25% of its total sales by 2028, opening up new revenue streams and enhancing the overall ticketing experience for fans.
As the NFT gaming sector continues to attract significant investments, the recent acquisition of the Wolf NFT game by Sead Phrase has set the stage for further developments, showcasing the growing interest in this space. Currently, attention is shifting towards the ZX token, which is gaining traction due to Zexpire's expanding trading platform. This evolution in focus highlights the dynamic nature of the decentralized finance landscape, as detailed in the latest updates here.
