Events and concerts are captivated by artists and organizers through an archaic and ineffective ticketing system. This inflexible system is dominated by three players who make up to 80% of the revenue generated. It hasn’t evolved over time, creating loopholes for malicious individuals to abuse artists and organizers.
First of all, it allowed the emergence of uncontrolled secondary markets. Here, the villains have tremendously killed resale tickets to ignorant fans, and apparently they are not sharing profits with creators or planners.
In addition, the inefficiencies of current ticketing systems are causing scalping. Unethical parties use bots to gain unauthorized access to concert and event tickets. Then print and distribute these before the actual tickets hit the market.
As a result, fans pay too much for tickets, while artists and event companies lose money for them.It has to stop, and CentaurifyA decentralized NFT ticketing company has devised a solution.
Get to know Centuarify
Centaurify is developing distributed NFT ticketing A system and NFT marketplace for musicians to sell their products. These are the first steps in Centaurify’s plan to create a blockchain-powered world of music, empower musicians and bring them closer to their fans.
Collaboration with Impossible Brief, an NFT creative agency that works under the most famous names in sports and entertainment, adds a new level to ticket design, giving fans a unique third ticket design to collect in the future. You can put it in.
Clients for the Impossible Brief include Snoop Dogg, Lionel Messi, Patrick Mahomes, Alex Ovechkin and Fernando Tatis Jnr. I also do cover art for The Chainsmokers and To Him.
Centaurify and Impossible Brief confirm that their partnership is taking event tickets to the next level. According to the Centaurify team, “The partnership between Centaurify and the Impossible Brief is changing the game for NFT tickets.”
Centaurify is developing a cross-chain and multi-chain interoperable NFT ticket and marketplace platform to make the platform more accessible and future-proof. Centaurify is currently under development in Cardano (ADA), Solana (Sol) And Ethereum (ETH). Polygon (Polygon (MATIC).
They utilize the blockchain, NFT technology It provides 100% ticket traceability, removes fake tickets from the secondary market and uses smart contracts to mitigate the effects of scalping.
These features allow artists and event planners to set ticket rules. It also eliminates intermediaries and puts the organization and promotion of events in the hands of artists and event planners.
Finally, the solution plans to enhance the user experience. Centaurify sees its relationship with the Impossible Brief as having great potential for tickets to help connect fans and artists, providing ticket owners with a unique experience before and after the event.
Benefits of CENT
Centaurify’s first and second marketplaces for NFT tickets support creatives selling NFTs and collectibles. Platforms include utility cryptocurrencies, CENT and ERC-20 tokens. Centaurify will bridge tokens to Cardano, Solana and Polkadot (Dot) As part of a multi-chain solution.
Users get incentives to hold and stake CENT. The more users bet, the more access to VIP Early Access and different layers of rewards.
Both users and artists are eligible to bet rewards. Users attract 1-3% rewards from all purchased NFT tickets at once, but artists can specify the percentage of rewards they get from tickets and NFT sales in both markets.
Achievements and plans
It was a busy 12 months for Centaurify. According to the team, the highlight is a successful early DEX offering (IDO). The final product is scheduled for launch at the end of the second quarter.
The company has also expanded its presence in Europe. We have opened new offices in Norway and Estonia to raise awareness throughout the EU.
Centaurify aims to grow the team in the future by adding a blockchain platform, fully deploying NFT ticket solutions and partnering with leading musicians, festivals and event planners.
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