Top Tweets for #BlockchainTickets

Did you know that according to recent reports, high demand ticket sales in 2023 were comprised of 96% bot activity pre-sale and 40% of traffic during sales? These scalped tickets inevitably end up on external secondary markets, causing the average large event, losses of over $41k in revenue. The global secondary market is valued at north of $10 billion revenue a year, making this an incredibly lucrative and missed opportunity for artists and organizers around the world. That's where #onchain ticketing can step in, as revenue splits are enforced on the smart contract level and any marketplace that wishes to integrate and sell these tickets whether primary or secondary must adhere to the contract logic. Onchain revenue flows directly to organizers and can be split off to all parties in the event cycle, from artists to promoters to even decentralized fan affiliate networks. The future is bright when it's onchain. At OPEN we're leading the way ✊🎟️