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Leading the Way to NFT Ticketing Adoption – NFT Plaza

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Over the years, there has been constant debate about the various applications of blockchain technology and how it will be used. Controversy continues as NFTs enter the limelight.

Currently, one of the top contenders for NFT applications is ticketing. It is a billion dollar industry with global potential for NFT integration, highlighted by Ticketmaster’s recent acquisition of a blockchain firm and formation of an NFT team. However, Ticketmaster’s recent epidemic, whereby Arctic Monkeys fans faced 10 times ticket-tout inflation after a botched sell-out, simply shows that NFTs alone are not the solution. So what?

A seamless solution

A British blockchain startup is developing a seamless solution to protect genuine fans from ticket touting, fraud, scams and ticket inflation, as well as providing software infrastructure for companies to accept digital tickets.

BPM Wallet subtly introduces the benefits of blockchain to the world of ticketing, even the end user may not understand. Sophisticated software allows an underlying layer BPM Wallet Use the XRP-Ledger for lightning-fast, cost-effective and energy-efficient transactions, all in an easy-to-navigate in-app ecosystem.

As major players begin to dip their toes into the Web3 ocean, a plug and play software solution enables a seamless transition from Web2 to Web3. BPM welcomes industry leaders to Wallet’s dashboard, enabling businesses with an instant solution for blockchain-based ticketing.

According to Kelvin Rolfe, co-founder of BPM: “We plan to integrate into existing systems, so that primary ticket merchants will be able to plug in our software and distribute their tickets as tokenized tickets to BPM Wallets users.“

Additionally, BPM Wallet imposes a face value maximum resale value on tickets, as well as KYC, simultaneously increasing the security of fans and sellers, stopping scalpers and touts in their tracks. Combine this with enhanced event experiences in the form of memory mementos, by which users NFT Ticket Convert to NFT collectibles after redeeming.

This modern upgrade to the classic ‘ticket stub in a scrapbook’ practice will usher in a new dawn of user engagement, truly blending the old with the new.

Follow BPM Wallet >> Twitter

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*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.



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