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It's a nice idea in theory, but only in theory. So the idea as I understand it is that tickets as NFTs would allow you to prove your ownership of the ticket.
by soneil 4y ago
It's a nice idea in theory, but only in theory.
So the idea as I understand it is that tickets as NFTs would allow you to prove your ownership of the ticket. With tickets being increasingly electronically-issued, there's currently no way to prove you've been sold a genuine ticket, or the only copy of a genuine ticket - until you get to the gate, they read your barcode, and turn you away.
So we have a second-hand market that runs through ticketmaster currently, which solves this trust issue by interacting with the issuer directly. Tickets via NFTs would help remove this dependency on ticketmaster, so we could have a healthy, trustworthy second-hand market that doesn't just feel like ticketmaster encouraging bots so they can sell the same ticket twice.
So the question is - does this benefit ticketmaster in the slightest? What problems does this solve for them? Because without them issuing the tickets as NFTs in the first place, and recognising them at the gates - it simply doesn't happen. As you say - from the issuer's POV, "why bother?"
As far as I can tell, everyone hates the current system - except the people that control it. The solution to this isn't some wonderful modern technology, it's plain and simple competition.
So it mostly exists as an example of why you'd want to be able to prove ownership of a unique token. Everyone can see the problem if I print my ticket 10 times and sell it to 10 people, it's easy to explain. The telling question is why we don't have a good example of an implementation.
- Nursie 4y agoThe fun thing there is that ticketmaster is still the authority, and could implement rules like "resold NFTickets will not be honoured", which some bands and events are insisting on to try to save their fans from some of the outrageous profiteering, and it would be just as easy with an NFT as it would with a centralised solution to verify this. Possibly easier. I guess my point is that there's already an authority in the picture, and there always will be, so a blockchain solution is unnecessary complexity. What's needed, as you say, is a better authority!