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NFT Marketplaces Developed
NFTs are enhancing the practice of securing assets from being forged. By minting any asset into NFTs, the asset owners can greatly reduce the odds of their assets being destroyed or duplicated. It is well-known that there isn’t any restriction in terms of assets to be converted into NFTs - anything can be a Non-Fungible Token. In that series, event tickets sold for live events, movies, or any other concerts can be digitized into NFTs, and the ticket holders can resell them on the NFT marketplace.
We have come up with an NFT ticketing marketplace development that exclusively supports the trading of ticket-based NFTs. As NFTs are claiming big talks due to their inherent potential like uniqueness, indivisibility, immutability, etc., the number of NFTs getting rolled out is high. Unlike a generic NFT trading platform, the NFT ticketing marketplace is a devoted marketplace for buying and selling NFTs belonging to the ticket type. If you are an aspiring Web 3.0 entrepreneur, then acquiring this niche area in the NFT market will help you in surpassing your peers.
NFTs are gaining entry into multiple business sectors and are having use cases to a greater extent. Irrespective of the business type, the adoption of NFTs boils down to secured ownership. Event/concert tickets can be converted into NFTs, and holders can buy/sell and enjoy royalties similar to any other NFTs out there.
To encourage NFT ticket sales, event organizers can append utility values to them that can be redeemed in real life. NFT-based tickets can be integrated with utility values like merchandise, meet-n-greets, rewards, etc.
Wanna give a test ride of our NFT collections? Make your footprints on our exclusive NFT collectibles - Microbuddies. It is an NFT strategy game that indulges cute and adorable collections of microbes that are emphasized with the production of GOO - native currency.
We dealt with their project, handing from pilot scale to its accomplishment. The client is surpassing huge revenue with their extensive gaming experience portfolio that leveraged infinite audiences. With a meek passion, we also revolutionized their gaming with a lucrative gamut of our marketing services.
Bag piles of cryptocurrencies at just one tap on XT.com, a massive revenue generator in this crypto economy. A leading firm that adopted and utilizeds our tech stacks and now skyrocketed with a brilliant NFT marketplace and cryptocurrency exchange platform.
We unified their goals to make the fascinating marketplace for showcasing digital avatars, built XT smart chain features, and enabled the platforms on multiple devices.
Our partnership with EOS has led to substantial development of blockchain platforms, especially dApps administered with a top speed of transactions, proven configurations, and security above the threshold. We utilize their compliant technological stacks that can manipulate the features of the inventive platforms leading to the finest inspiring business-grade services. We widen our scope by tailoring their standalone operating systems and adaptive technologies at one shot.
Inching every small step to accomplish our dApps, we partnered with Polygon-Matic, a leading blockchain firm. Polygon is an off-chain or decentralized Ethereum scaling platform that handles transactional operations with high throughput. Sequencing the Ethereum scaling solutions and frameworks to meet the requirements of building dApps is our vision and reason for the partnership. Uncoiling fast-driven transactions, low gas fees, and low carbon fuel expenditure will enhance the usability of the platforms.
NFT Ticket CreationEvent planners or ticket distributors can choose any blockchain tech to create their NFT-based tickets. Before minting those ticket NFTs, they should mention the event details along with the sale price.
NFT Ticket ListingTickets that are converted to NFTs are recorded on distributed ledgers of the blockchain. The tickets will be displayed on the NFT ticketing platform, and the platform will facilitate the process of buying and selling those NFTs.
AuctioningThe ticket owners can run the auction by mentioning an initial price. Consequently, buyers can view the tickets and their details listed on the platform and bid for the NFT.
Transferring Ownership Now, the tickets will be sold to the buyer who places the highest of all bids. The ownership of that particular ticket NFT will be transferred to the respective buyer.
Reselling The ticket holder can further resell the tickets by listing them on the same platform, which is termed secondary sales. And not to leave, the primary owner will get royalty points every time the ticket gets resold.
Prevents Duplication Blockchain assures that the collectibles are secured from duplication by providing a unique ID that can’t be altered or destroyed. This way, event planners can prevent scams and the circulation of fake tickets.
Easy To Produce In comparison to traditional ticket production, NFT ticketing is quite easy. Event managers will have to upload the details and pay the minting fees. It’s done!
Passive EarningsBy reselling the tickets on the marketplace, the original ticket owners will become eligible to receive royalties, which will be a recurring source of revenue.
Home Page The tickets for different events based on their categories will be listed on the home page.
Ticket Collections Users can view the ticket collections by clicking on a particular ticket listed on the platform and get to know the complete details alongside certain criteria.
Listing Portal The listing portal lets artists or event organizers list out the ticket collection and the concerned details.
Search BarInterested ticket buyers can minimize their search time by using the search bar to find the ticket collections.
Crypto WalletThe crypto wallet integrated with the platform is for storing the NFT tickets and cryptocurrencies used to buy the tickets.
Push NotificationsIrrespective of the in-platform actions, the user will receive push notifications to keep them updated.
Movie TicketsMovie tickets are generally prone to scams since they’re overpriced at times. The introduction of NFT-based movie tickets will add more security to tickets and prevent them from being tampered with.
Events TicketsThose who plan or arrange events, concerts, or meetings can make the best use of the NFT ticketing system as it lets them convert tickets into NFTs and thereby helping in validating the tickets.
Certifications E-learning courses paired with digital certifications are becoming the norm. With NFT-based certificates, the credentials of the certification holders can be authenticated.
The NFT ticketing system is experiencing a spurring growth and has the potential to be adopted in different sectors in the forthcoming years. Other than just being sold as entry passes to events, these NFT-based tickets can be integrated with real-time values like rewards, lifetime pass, merchandise, etc. In this regard, ticket booking platforms like Coachella, Ticketmaster, NBA, Live Nation, etc., have made wise use of the booming NFT market by infusing NFTs into their event tickets.
If you’re looking to start out your entrepreneurial journey anytime soon in the NFT market, then you can consider the NFT ticketing marketplace platform development that helps you in capturing a booming yet potential niche. Handling an inventory of blockchain development projects for distinctive project requirements over the years has shaped us to be the well-experienced team we are today. Customized development and consistent project support are two of our core highlights. If you’re excited about making the maiden move in the blockchain industry with an NFT event ticketing platform, we’re here to help!
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