• Yondoza@sh.itjust.works
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    9 months ago

    The perfect use case is tickets to live events. One entity creates one NFT for each seat or spot available and can initially sell them. The owner of that NFT (ticket) can then do whatever they want with it without the need for a third party (Ticketmaster) to scalp the shit out of any subsequent transactions.

    Proof of ownership of a single ticket at the time of the event is the end goal, which is what NFTs do.

    Why this hasn’t been done is pretty baffling to me.

    What’s better, is if artists want to provide a subset of tickets that are not resellable they can. Those tickets will only be accepted if a single transaction has taken place.

    • Prunebutt@slrpnk.net
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      9 months ago

      The owner of that NFT (ticket) can then do whatever they want with it without the need for a third party (Ticketmaster) to scalp the shit out of any subsequent transactions.

      How is that supposed to prevent scalping, exactly?

      Proof of ownership of a single ticket at the time of the event is the end goal, which is what NFTs do.

      And that’s better than physical tickets, because…?

      What’s better, is if artists want to provide a subset of tickets that are not resellable they can.

      That’s also already a solved problem: write a name on a ticket and validate that name with an ID.

      • Psionicsickness@reddthat.com
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        9 months ago

        Just responding to the “scalping” quote. It absolutely wouldn’t stop scalping, what I HOPE op was trying to say was that it could be used to prevent Ticketmaster, or any entity like it, from charging fees on every exchange of said ticket.

      • Trainguyrom@reddthat.com
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        9 months ago

        And that’s better than physical tickets, because…?

        paper tickets are relatively easy to counterfeit, especially for the purposes of selling the counterfeits as scalped/unwanted tickets.

    • Xanvial@lemmy.world
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      9 months ago

      The sounds like scalpers paradise. They can buy multiple tickets and sell it without thinking about any authorization (id card or something) when using that tickets

    • FreeFacts@lemmy.world
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      9 months ago

      Why this hasn’t been done is pretty baffling to me.

      Because the blockchain needs an incentive. Who is going to be taking part in the blockchain if there is nothing in it for them? That’s why these tokens are often tied to crypto currencies, as mining is the incentive.

      • kautau@lemmy.world
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        9 months ago

        Yeah why would ticketmaster, who makes a killing having their ticket monopoly and control, develop a system where they lose control?

    • MotoAsh@lemmy.world
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      9 months ago

      That is an absolutely TERRIBLE use case because it is by definition centralized. The venue already has ample control over who tf gets in and there is little problem with counterfeit tickets.

    • jaemo@sh.itjust.works
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      9 months ago

      Duranium-on-the-Mohs-scale hard pass. Tickets work fine.

      What’s baffling to me is the ramping up of the 21st century penchant for mindless wheel-re-inventing.

    • Euphorazine@lemmy.world
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      9 months ago

      That’s not a perfect use case for it. That’s a central authority (venue) selling tickets to anyone who wants to buy them. But instead of using a local database and approving transfers from person to person and losing the ability to reverse transactions due to fraud, it’s hosted in the wild west of crypto.

      There’s nothing stopping a venue from offering your perfect use case in a centralized system, but they outsource it to Ticketmaster (namely because Ticketmaster owns like 80% of music venues or something) so they don’t have to deal with it.

      Your scenario outsources it to the block chain, who will charge gas for the transactions instead of ticketmaster charging fees.