This week, Ticketmaster Entertainment, Inc. The company revealed that it will do so. Last November, Ticketmaster said it was working with Polygon, but since Super Bowl LVI, the ticketing and distribution giant has been working with Flow, which is managed by Dapper Labs.
Ticketmaster has minted more than 5 million NFTs
using Flow’s technology.
On August 31, 2022, asportsbusinessjournal.com reportdetailed that Ticketmaster would allow event organizers to issue NFTs using the Flow blockchain. Organizers can cast NFTs before, during, and after the event, which can also represent tickets, souvenirs, VIP access, and rewards. The report notes that ticketing companies have already minted 5 million NFTs via the Flow network.
Clients that have issued NFTs include The Black Crowes, Apollo Theater, and Gavin DeGraw. Ticketmaster initially said it would use Polygon, but in February the world’s largest ticket marketplace decided to use Flow for Super Bowl LVI NFT tickets.
Flow already works with the NFL through a partnership that worked for the “NFL All Day” NFT. In addition, Flow, which is operated by Dapper Labs, has been used int the “NBA Top Shot” NFT and the “UFC Strike” NFT. Additionally, NFL game-goers will be able to have over 100 NFT tickets issued via Flow beginning with the 2022 season.
Flow says “Ticketmaster is empowering event organizers”
All-timestatisticsfrom NFT data aggregator cryptoslam.io show that the Flow blockchain commands the fourth largest position in terms of NFT sales among 19 different blockchains. cryptoslam.io’s data shows that the Flow blockchain has recorded all-time NFT sales of $1,098,215,401. 30} stats show that Flow is in fifth place, just below Immutable X, which has seen a 417% increase over the past month.
Flow also confirmedwhen it tweeted to Live Nation fans on Wednesday about the Ticketmaster deal.” Big news for live event fans.” Flow said.” Ticketmaster” event organizers can now offer digital memorabilia that is cast (on Flow).” The company continued.
enable access to experiences and rewards. And that’s not all. [Ticketmaster] empowers event organizers to enhance the live experience for their fans. Share experiences online, lose tickets to your favorite shows, new ways to reward the community, and enjoy [VIP experiences].
What do you think about Ticketmaster choosing the Flow blockchain for ticket-related NFT, memorabilia, VIP access and rewards? Let us know what you think about this subject in the comments section below.
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