New job postings by Ticketmaster, America’s largest ticketing company, show mainstream interest in exploring new revenue streams. Non-fungible token (NFT).
Over the past two years, the artists, musicians and sports industry have helped bring the NFT ecosystem into the limelight as technology serves as a powerful fan engagement tool. Conversely, most of the general public boarded hype trains in search of profit by reselling collectibles in the secondary market.
with NFT hype will eventually slow down By mid-2022, entrepreneurs and businesses will be looking for new use cases beyond collectibles. A survey conducted by Big 4 accounting firm Deloitte in May 2022 found: Untapped Potential of Crypto Ecosystem to Open New Markets For the sports industry:
“We were able to see some of the ownership of the season tickets and suites and the reinvention of the ticket resale process.”
Following that, Ticketmaster’s recent Job Information A product manager for NFT Ticket Tools has revealed the company’s intention to roll out NFT-based enterprise products “in all content categories, including sports and music.” It is also required to develop new products and functions that meet the future needs of the NFT business.
Based in New York, the new role of Ticketmaster aims to complement the recently launched NFT Marketplace while supporting the commercialization of NFTs.
Related: Binance jumps into NFT tickets after UEFA League blunder
Similarly, crypto exchange Binance recently entered the NFT ticketing business in partnership with football club Societa Sportiva Lazio for the 2022-2023 season.
In an announcement sent to Cointelegraph, Binance emphasized that NFT tickets can solve the problem of fake tickets and scalping. In addition to providing access to events, Binance plans to use NFT-based tickets for a variety of use cases, including discounts on available stores and matches, and personalized experiences.
