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> The tickets are already in closed ecosystems like Ticketmaster. It would be orders if magnitudes more efficient for them to just add resale functionality to t
by derangedHorse 5y ago
> The tickets are already in closed ecosystems like Ticketmaster. It would be orders if magnitudes more efficient for them to just add resale functionality to their platform. Problem is they don’t want third party resellers.
Not really, adding a payment infrastructure that allows peer to peer payments is non-trivial. Also with smart contracts you could collect royalties on the reselling of tickets while keeping the data open enough for anyone to capitalize on creating a front end marketplace along with the original minter (which could encourage more innovation in usability). The minters also would have financial incentive to not shut down these 3rd party front end marketplaces because they can make it so that they’ll collect royalties regardless