Well, the world has a long way from where it once was, all the way from a time where we used to have physical tickets, to a time where tickets have become tradable assets or also parts of memorabilia. This is not something surprising as in many cases, NFTs have proved to be a massive boon. While there are going to be a fair share of people who are going to be perplexed by the whole ordeal, it may be the fact that these NFTs might get rid of a whole lot of issues regarding forgery, fake tickets and replication.
The breakdown
Digital assets known as NFTs (non-fungible tokens) are unique and unreplicable since they are confirmed using blockchain technology. NFTs are widely used as tickets for concerts and other events since they are simple to authenticate and trace. The fact that NFTs are hard to copy or forge is one of the key benefits of utilising them as tickets, as it helps to deter fraud and scalping. Additionally, they can be programmed with particular restrictions, like a cap on transfers or a requirement that only the original buyer may use the ticket. They also offer additional advantages like giving fans a special collectible item to remember the occasion and offering a digital record of ownership.
Conclusion
With all that being said, we are all well aware as to how the world has changed. There was a time where we could only see movies in theatres, now we can see them on the laptops we own. Technology has come a long way since then and it has come so far even so that these NFTs are also doing us a massive favour by making them easy to transfer or trade with the help of none other than the best of the best NFT marketplaces globally, so what more can one ask for?
