Why are NFTs used in the ticketing process?

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Former Member

Only for security and limited supply purposes can NFTs be utilised in ticketing. They offer a safe and impenetrable method to confirm ticket ownership and authenticity, lowering the possibility of fraud and counterfeiting. They can be used to impose scarcity, restrict the number of tickets available, and ensure fair distribution of tickets. This helps to avoid ticket price gouging, and apart from that several of the best NFT marketplaces have artists who list their events to sell out.

Tags: NFTs, NFT

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