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SI Tickets Launches Blockchain-Powered "Box Office" Platform with NFT Super Tickets for Enhanced Event Experience
To offer a more connected and engaging experience, SI Tickets and ConsenSys are working together to develop a "Super Ticket" that will use non-fungible token (NFT) technology.
The "Super Ticket" allows event organizers to stay connected with their attendees by offering them exclusive benefits, such as highlights, collectibles, drink coupons, music downloads, post-event video content, and rewards. Through NFT technology, guests can scan their tickets for expedited entry passes, and the tickets will remain in their digital wallets forever.
David Lane, the CEO of SI Tickets, believes that blockchain is the future of ticketing. SI Tickets has expanded to a marketplace inventory of over $2.5 billion since its start in June 2021. The platform does not charge transaction fees on any purchase and offers a 100% refund if an event is canceled for any reason.
Event planners must pay $1.40 to Box Office in addition to a 3% commission fee per ticket and 3% merchant pass-through costs. SI Tickets aims to disrupt the primary ticket market by using blockchain technology, offering a seamless and secure ticketing experience for event organizers and attendees alike.