SI Tickets CEO David Lane claims "blockchain is the future of ticketing."
SI Tickets, a Sports Illustrated ticketing company, has rolled out a non-fungible token (NFT) ticketing solution.
According to the announcement shared on May 2nd, the ticketing solution," Box Office," is created in partnership with Web3 software developer ConsenSys and powered by the Polygon blockchain.
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The "Box Office" platform offers event organizers a cutting-edge way to create, manage, and promote ticketed sporting events. But it's not just about ticketing; the platform also introduces the groundbreaking "Super Ticket."
The "Super Ticket" concept keeps attendees connected with event hosts via NFT technology, offering highlights, collectibles, exclusive offers, and loyalty perks. Attendees can scan their NFTs for speedy entry passes, drink vouchers, and music downloads before the event. Afterward, they can enjoy exclusive video content and rewards.
The SI Tickets website promises organizers that "guests will keep their tickets to your event in their digital wallet forever."
When talking about the newest innovation, SI Tickets CEO David Lane claimed:
Blockchain is the future of ticketing, and now owners, promoters, hosts and attendees have access to an advanced ticketing experience that transforms the antiquated barcode into engaging and collectible content.
SI Tickets, established in June 2021, has accumulated a whopping $2.5 billion in marketplace inventory. Notably, the platform charges no transaction fees and guarantees a full refund if an event is canceled for any reason. For event organizers, Box Office applies a $1.40 and 3% commission per ticket while imposing a 3% merchant pass-through fee.
The "Box Office" platform is set to transform the ticketing industry and elevate the live event experience through the use of blockchain technology and NFTs.
In September 2022, Ticketmaster partnered with Dapper Labs’ Flow blockchain to allow organizers to launch event-themed NFTs.