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Cryptocurrency News Articles

Ticketing Industry Gears Up for Blockchain Revolution with OPEN

Mar 27, 2024 at 12:24 am

The ticketing industry gears up for a blockchain revolution with the launch of the OPEN Ticketing Ecosystem. This innovative platform, fueled by the OPN token, is set to disrupt the $85 billion industry by offering a decentralized solution for ticket transactions. Ticket providers can now access OPEN's tools and issue tickets by purchasing OPN tokens from the trading floor. By staking OPN, users can earn yield from global onchain ticket activity, marking a significant shift in the traditional ticketing landscape.

Ticketing Industry Gears Up for Blockchain Revolution with OPEN

Is the Ticketing Industry Ready for a Blockchain Revolution?

The ticketing industry, a behemoth worth $85 billion, is ripe for disruption. Enter OPEN Ticketing Ecosystem, a blockchain-powered platform poised to shake things up.

OPN Token: The Fuel for Ticketing Transactions

All ticketing activities on OPEN revolve around the OPN token, which hits the trading floor on Friday, March 29th. Ticket providers will purchase OPN from the open market to access OPEN's tools and issue tickets. Staking OPN will earn yield from all global onchain ticket activity.

Plug and Play Infrastructure: Seamless Ticketing

Since 2016, the OPEN team has meticulously crafted onchain ticketing infrastructure. Their plug and play toolsuite empowers creators, from budding artists to major ticketing companies, to seamlessly issue NFT collectibles and move their tickets onchain. Every OPEN-issued ticket is verifiable onchain, ensuring transparency. With over 5 million tickets issued to date, OPEN aims to soar to 20 million this year.

Event Financing: Unleashing Creativity

Beyond streamlined ticketing, OPEN introduces a game-changer for creators: event financing. Artists and event organizers can now leverage unsold onchain tickets as collateral for DeFi funding, unlocking the resources they need to bring their creative visions to life. Participants supporting these events receive programmable yield upon ticket sales, connecting RWA and DeFi for creator empowerment.

Stay Tuned for OPN Token Launch

Mark your calendars for the OPN token launch on Friday, March 29th. Follow OPEN's journey to revolutionize ticketing on their website (onopen.xyz) and Twitter account.

Contact:

Olivier Biggs, OPEN

[email protected]

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Other articles published on Nov 05, 2024