DeFi

Amsterdam, Netherlands, March 26th, 2024, Chainwire
<a href="https://onopen.xyz/" rel="noopener noreferrer nofollow" target="_blank">The OPEN</a> Ticketing Ecosystem <a href="https://mirror.xyz/openticketing.eth/IiYSmZkqU-8hUp05yvpSaiySdm65tUlV6cUa1bZdj48" rel="noopener noreferrer nofollow" target="_blank">launched this week</a>, intending to disrupt the $85 billion ticketing industry using blockchain technology.
A new RWA use-case is born
Amidst the massive growth for real-world asset (RWA) use cases, onchain tickets might be the next big thing. Traditional ticketing is an $85 billion industry that’s ripe for disruption, with specific opportunities for blockchain-driven solutions. OPEN’s mission is to take all tickets onchain, delivering much-needed transparency for fans and fair earnings for creators.
OPN token
All ticketing activity on OPEN’s tooling is driven by the OPN token, which will become tradable starting Friday March 29th. Ticket integrators source OPN from the open market in order to access tooling and issue tickets. When staking goes live for OPN, all stakers will earn yield directly from all global onchain ticket activity.
<img decoding="async" src="https://www.cryptopolitan.com/wp-content/uploads/2024/03/Real_World_Staking_1711462137nDJ9OHEnuM.jpg">
Plug &amp; play infrastructure
The OPEN team has built onchain ticketing infrastructure since 2016, resulting in a plug &amp; play toolsuite that adds value at any scale; from small independent artists looking to grow their community and issue NFT collectibles, to large ticketing operators looking to take their tickets onchain. Every ticket issued using OPEN <a href="https://explore.onopen.xyz/" rel="noopener noreferrer nofollow" target="_blank">can be verified onchain</a> with full transparency. OPEN has issued over 5 million tickets onchain to date – and is expecting to raise their annual ticket volume to 20 million this year.
Event financing
Taking ticketing onchain not only makes the ticketing experience smoother – there are additional unlocks that make the lives of everyday creators easier in ways never before possible. Take OPEN’s new <a href="https://mirror.xyz/openticketing.eth/XApQNwC9g3eh1-gj-N22W2RgKA8yheTPaJ8w2J3Z_1A" rel="noopener noreferrer nofollow" target="_blank">event financing tool</a>, a way for artists and event organizers to crowdsource the funds needed to realize a show, tour or festival, by leveraging their unsold inventory of onchain tickets as collateral for DeFi funding. Participants who help realize these events are rewarded with a programmable yield, issued to them automatically the moment the ticket sale takes place. This approach unites the latest in RWA &amp; DeFi tooling to provide freedom and independence to creators.
More about OPEN:
The OPN token will launch on Friday March 29th. Follow along with OPEN’s mission for taking ticketing onchain through the website: <a href="http://onopen.xyz" rel="noopener noreferrer nofollow" target="_blank">onopen.xyz</a> &amp; the official <a href="https://twitter.com/onopenxyz" rel="noopener noreferrer nofollow" target="_blank">OPEN twitter account.</a>
<h5>Contact</h5>
Olivier Biggs OPEN olivier@onopen.xyz 
Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. <a href="https://cryptopolitan.com/" rel="noopener noreferrer nofollow">Cryptopolitan.com</a> is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

New RWA usecase unlocked as OPEN launches onchain ticketing ecosystem

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