I think NFTs are dumb for selling gifs, but might be part of a big disruption in this industry. Lots of details to be worked out and proven, but roughly here g

I think NFTs are dumb for selling gifs, but might be part of a big disruption in this industry. Lots of details to be worked out and proven, but roughly here goes. A venue sets up a smart contract for a ticket that customers can buy. If it’s later sold by their customers, the contract can be setup where part of the profit is contractually obligated to be transferred to the venue. This NFT arrangement has some small benefits like eliminating the market for fake tickets, but more importantly, allows venues to capitalize on the secondary market. If a ticket to some concert is in crazy demand and goes to 10K per ticket, then the venue profits further from that secondary market without having to take the PR hit of charging people obscene prices.