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NFT as event tickets

Posted: Mon Feb 17, 2025 10:26 am
by rubinaruma
Source: NFL
Brazilian football club Vasco da Gama recently partnered with Block4 (a Brazilian company that specializes in creating collectible NFTs) to issue NFT tickets for the team's fans.

In the entertainment world, the AMC movie theater chain distributed 86,000 NFTs to those who bought tickets for the movie Spider-Man: No Way Home . In the case of the Coachella festival , NFTs were launched that guarantee lifetime access to the event. This was only possible thanks to blockchain technology.

By using NFT and blockchain technology for ticketing, brands and hong kong phone number library onsumers benefit from security against counterfeiting of the items sold. With blockchain, a unique code is generated on the ticket and this code is easily verified by event organizers, and can even be created as a non-transferable and locked code for resale. This proves the authenticity of the ticket and verifies that it is being sold by a legitimate organizer, thus preventing counterfeiting of tickets and providing their traceability for fraud control.