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Blockchain: the wave of the future (lemmy.world)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 20 points 10 months ago (2 children)

The owner of that NFT (ticket) can then do whatever they want with it without the need for a third party (Ticketmaster) to scalp the shit out of any subsequent transactions.

How is that supposed to prevent scalping, exactly?

Proof of ownership of a single ticket at the time of the event is the end goal, which is what NFTs do.

And that's better than physical tickets, because...?

What’s better, is if artists want to provide a subset of tickets that are not resellable they can.

That's also already a solved problem: write a name on a ticket and validate that name with an ID.

[–] [email protected] 3 points 10 months ago (1 children)

Just responding to the “scalping” quote. It absolutely wouldn’t stop scalping, what I HOPE op was trying to say was that it could be used to prevent Ticketmaster, or any entity like it, from charging fees on every exchange of said ticket.

[–] [email protected] 11 points 10 months ago (1 children)

Would it? Or would Ticketmaster just buy all the NFTs and then have even less regulation on their scalping?

[–] [email protected] -1 points 10 months ago

I forgot to say IN THEORY again. My bad.