5 NFT Ticketing Platforms to Look Out For by@gabrielmanga

5 NFT Ticketing Platforms to Look Out For

NFT tickets have a lot of advantages over traditional paper tickets. Since NFTs are unique and saved on the blockchain, they can't be lost, stolen, or faked. With NFT ticketing, the resale value can be limited, and users have more control over secondary sales. Let's have a look at five platforms that use NFT technology to create digital tickets with reduced complexity. GUTS, Get Protocol, ShareRing, GUPS and ShareRing are some of the most popular ticketing platforms.
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Gabriel Mangalindan

Into tech, AI, startups and blockchain

In our current ecosystem, many assets are being digitized, so it only makes sense that tickets are also going digital. NFT tickets have a lot of advantages over traditional paper tickets. Since NFTs are unique and saved on the blockchain, they can't be lost, stolen, or faked.

The market for second-hand tickets has also seen controversy. Tickets scalpers have been known to buy tickets at market prices and then sell them for a very high markup. With NFT ticketing, the resale value can be limited, and users have more control over secondary sales. This gives ticket sellers access to an additional $15 billion market.

Also, NFTs make it easy and quick to give tickets to someone else without using a third-party ticketing platform. Physical and digital tickets need to be printed, which can be hard to do with technology. NFT tickets are much faster and easier to use than paper or digital ones. Let's have a look at five NFT ticketing platforms.

ShareRing

ShareRing is a collection of Layer 1 and Layer 2 protocols that maintain track of verified identities. The platform aims to ensure that individuals and corporations have secure digital futures via decentralized IDs and storage for sensitive information. They also aim to build a blockchain ecosystem that is trustworthy, decentralized, and accessible to individuals from various backgrounds around the world.

When it comes to events, event organizers can request and verify whether an attendee holds the correct entry requirements inside their ShareRing Vault at the point of entry for an event. Attendees also get access to a broader range of real-world and digital events.

Attendees gain access to events via NFT tickets which they need to hold in their ShareRing Vault. This is accessible even without data or Wi-Fi so that entrance will be easy, and the platform will minimize fraud.

Once they reach an event, they present a unique QR code (or the NFT) to the event manager, who can confirm if the attendee holds the valid ticket. The process is all managed by their app, enabling event organizers and attendees to engage in their ecosystem. 

GUTS

GUTS is an NFT ticketing platform that aims to reduce ticket fraud and bad practices within the secondary market with the help of blockchain technology. The platform uses the GET Protocol (Guaranteed Entrance Protocol) to power its NFT ticketing ecosystem.

Users get real-time data on tickets they own, including who has held the ticket and how it is used. In addition, since the tickets exist as NFTs on the blockchain, users are less likely to fall victim to fraud, and it also enables users to create, sell and resell tickets on the secondary market.

Regarding event organizers, the platform enables users to create different types of tickets for their events. These tickets can be sold on the primary market (i.e., directly to customers for an upcoming event) and the secondary market (i.e., direct customers selling tickets to other customers). The platform also enables event organizers to get paid directly via the application.

Regarding ticket prices, users can set prices for their tickets; for example, ticket prices can be fixed, meaning that a $50 ticket will always cost $50, whether sold on the primary or secondary market. Event organizers can also collect data from ticket holders (previous and current owners) via the platform.

Get Protocol

GET protocol is an NFT ticketing platform that creates products that enable fans and event organizers to use digital tickets with reduced complexity. One of the main components of the protocol is their Ticket Engine which is used to register events and how tickets are used within the GET ecosystem. In addition, the engine adds user interaction data to the blockchain and gives users an easy-to-read interface to interact with the platform.

The platform allows users to create digital tickets as NFTs on the blockchain, and the platform can be integrated with a user's existing systems via an application programming interface (API). This was done to make it easier for users to mint NFT tickets and record on-chain data.

Users can issue NFT tickets without replacing their current ticketing systems. This works by the platform making blockchain-based copies of the current tickets in their inventory. The protocol has processed over 1 million tickets since 2016, with 500,000 tickets being NFTs.

When organizing events, users can have the platform to raise funds by selling NFT tickets via their Decentralised Event Financing system. All tickets are viewable via the NFT Ticker Explorer, allowing users to track the history and ownership of an NFT ticket.

YellowHeart

YellowHeart is a blockchain-based digital ticketing platform and an NFT marketplace. Users can mint concert tickets, as well as upgradable tickets and tickets that change color once they have been redeemed. Fans can also gain exclusive access by purchasing merchandise at the venue or scanning their tickets in or out of a concert, event, or activation area.

Fans who have bought an NFT in the past may be able to get special opportunities or access, depending on what those opportunities are. For example, people connected to an artist's tokenized network can get these rewards. They give you access to special events, VIP meet-and-greets, discounts at certain restaurants before or after a show, and more.

Users can mint and publish NFT tickets to different marketplaces via the platform and accept payments for these tickets via the platform's wallet application. The platform also houses tools to measure user engagement and communicate with end users who purchase and use the NFT tickets. 

Marketplaces can be customized and branded to suit an event for a particular artist or venue. In addition, NFT tickets can be minted for a single event or longer, multi-date events. NFT tickets can also be redeemed via the app to enable event organizers to verify the integrity of a user's ticket. This also helps to prevent fraud which is a major problem in the ticketing industry.

Wicket

Wicket is an Italy-based NFT ticketing platform that uses the GET Protocol to power its ecosystem. It enables users to buy, store and manage NFT tickets via their application.

The platform aims to eliminate the practice of buying tickets from secondary sellers in the Italian market entirely. One of the biggest issues with selling tickets on the secondary market is ticket fraud and overinflated prices. 

A quick summary of secondary ticket selling is where third-party companies buy many tickets and then sell them on their websites at prices vastly higher than their original value. This is called "secondary ticketing."

The platform aims to stop resellers from selling tickets to people who already have them. This works by linking purchased tickets to the phone number of the original buyer, meaning that they can only be resold via their platform at a price set by the event's organizer. 

NFT tickets are transferable, and users can use the blockchain to update the information regarding new ticket holders if a ticket is resold. This way, the event organizer will always know who the real attendees are, making reaching much higher safety standards possible.

Conclusion

We've looked at five different NFT ticketing projects that aim to make it easier for users and event organizers to manage how tickets are used, sold, and verified.

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