<p>South Korean Web3 performing arts platform X-TICKET has <a href="https://www.khgames.co.kr/news/articleView.html?idxno&#61;220823" rel="noopener noreferrer nofollow">signed</a> a memorandum of understanding (MOU) with Catalyze Research, a Web3 research firm and an official partner of Ripple, to jointly expand the XRP Ledger (XRPL) ecosystem and support the integration of Web3 into Korea’s performing arts landscape.</p><p>“We are delighted to work alongside Catalyze Research. The XRPL ecosystem, together with XRP, is poised to play a significant role in bringing the Korean performing arts industry onto the global stage. We hope to create synergies through collaborations with Korean cultural performances,” said X-TICKET CEO Shin Yong-un.</p><h2 id="header-0">Leading a new era of event ticketing</h2><p>X-TICKET harnesses blockchain technology to provide digital collectible tickets for performing arts shows, including live musicals like “Cats” and “The Phantom of the Opera.” This service is expected to revolutionize the industry by preventing various problems that tend to occur with ticketing, such as duplication, loss and scalping, thus fostering a secure, transparent and efficient performing arts ecosystem. The platform recently launched its beta version and held a sales event for NFT tickets to “The Phantom of the Opera” shows.</p><h2 id="header-1">Pioneering Web3 solutions</h2><p>Catalyze Research, on the other hand, specializes in Web3 and blockchain research and consultations. The firm <a href="https://ripple.com/ripple-press/catalyze-research-and-ripple-to-drive-the-xrp-ledger-adoption-in-south-korea/" rel="noopener noreferrer nofollow">teamed up with Ripple</a> in July to expand the presence of XRPL in the Korean market — a decentralized, public blockchain for businesses and developers — and encourage participation in the XRPL developer community.</p><p>“Catalyze Research is actively engaged in numerous collaborations to expand the XRPL ecosystem. We plan to implement blockchain technology into X-TICKET and the Korean performing arts sector to extend the ecosystem’s reach,” the firm stated.</p><p>The partnership between the two enterprises represents a significant step forward in the intersection of technology and the arts in Korea.</p>

X-TICKET teams up with Catalyze Research for XRPL expansion

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