SI Tickets Introduces Polygon Powered NFT Based Event Management Solution May 4, 2023 May 4, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMay 4, 2023 by Kelly Cromley

SI Tickets Introduces Polygon Powered NFT Based Event Management Solution

“Box Office by SI Tickets” is a new self-service event management and main ticketing platform by SI Tickets. The technology is said to provide event planners a full NFT ticket solution that can be offered via the SI Tickets marketplace in addition to conventional ticket forms.

Box Office claims that it is the only platform in the world to provide a complete NFT ticket solution. It was created using Polygon’s blockchain technology in partnership with web3 pioneer ConsenSys. This Super TicketTM combines the ability to offer customers highlights, collectibles, special deals, or other loyalty benefits with the event access of the standard ticket. This is meant to make it easier for speakers and attendees to communicate before, during, and after events.

“We have been preparing to enter and disrupt the primary ticket market from the moment we launched our global event marketplace, which now boasts 50 million tickets to over 250,000 sports, concerts, and shows,” SI Tickets CEO David Lane said. Owners, promoters, hosts, and attendees now have access to a cutting-edge ticketing experience that converts the obsolete barcode into interesting and collectible material because blockchain is the future of tickets.

The self-service event management websites that are now in use can simply list events and provide barcode scanning software, according to Lane. With the help of Box Office and Sports Illustrated Tickets as their partner, events of all sizes can now attain a better and more affordable solution, including unmatched exposure on a worldwide market, no hardware expenditures, and free credits for their attendance.

Box Office by SI Tickets will work with business owners, event planners, and suppliers across a wide range of sectors, including sports, health and fitness, concerts, comedy, nightlife, industry gatherings, charity, and religion. The platform’s first events include young sporting events, runway presentations, and live music venues.

Event planners are looking for innovative methods to change the ticket from a simple piece of paper with a barcode to a full document and passport with two-way capability. This development of NFT ticketing has been a long-discussed possible industry trend.

According to Brian Trunzo, director of business development at Polygon Labs in North America, “Blockchain technology offers significant benefits to consumers, especially in the ticketing industry, such as enhancing payment security and eliminating scalping and fraud.” To increase consumer uptake, Box Office is crucial. A secondary ticket market called SI Tickets has launched about two years ago in an effort to take advantage of the stature and popularity of the Sports Illustrated name.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.