this post was submitted on 02 Feb 2024
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I hear that now since 12 Years. Its not going to happen.
The perfect use case is tickets to live events. One entity creates one NFT for each seat or spot available and can initially sell them. 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.
Proof of ownership of a single ticket at the time of the event is the end goal, which is what NFTs do.
Why this hasn't been done is pretty baffling to me.
What's better, is if artists want to provide a subset of tickets that are not resellable they can. Those tickets will only be accepted if a single transaction has taken place.
How is that supposed to prevent scalping, exactly?
And that's better than physical tickets, because...?
That's also already a solved problem: write a name on a ticket and validate that name with an ID.
paper tickets are relatively easy to counterfeit, especially for the purposes of selling the counterfeits as scalped/unwanted tickets.
Again: that's a solved problem with holograms.