Ever dealt with counterfeit event tickets? NFTs could help solve that issue.
the use of NFT ticketing solutions to manage attendance for the events, as well as a trial run at the 2024 Rugby World Cup, which will also be hosted in the country.
Colby Mort, who heads up NFT strategy at the company, told Cointelegraph that NFT tickets help add transparency to what is traditionally a “blackbox” industry. All tickets are transparently viewable in real time, which helps prove ticket authenticity, given the immutability of the underlying system “NFT Ticketing for a lot of mainstream audiences is the 'light bulb moment' of understanding the underlying utility of an NFT combined with the familiarity of the collectible side of NFTs as all NFT Tickets can include a digital collectible.”
“NFTs, on the other hand, can help solve most — if not all — of these issues. For one, the open and transparent nature of blockchains makes it extremely easy to verify the provenance and authenticity of NFT tickets, so it’s substantially harder for scammers to fool people.”
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