I remember reading a proposal how music artists could somehow use nfts as digital record keeping so when digital tickets are resold they could get a percentage of the sale each time it was resold. Making more money for artists and disinsentivising resale but you know ticket places would never let it happen. I’m sure you could do it without nfts but it seemed like a really great idea.
Every ticket scheme for NFTs fails because of a simple reason: contract law. Venues don’t stick with TicketMaster because they like it. TicketMaster’s store front doesn’t have any magic technology; a room of overcaffinated fresh CS grads could recreate it in a weekend of binge coding.
Venues stick with TicketMaster because they are contractually obliged to do so. NFTs do not and cannot change that legal reality.
I remember reading a proposal how music artists could somehow use nfts as digital record keeping so when digital tickets are resold they could get a percentage of the sale each time it was resold. Making more money for artists and disinsentivising resale but you know ticket places would never let it happen. I’m sure you could do it without nfts but it seemed like a really great idea.
Yup! There were no technical problems that weren’t already solved, but NFT bros made grand claims unrelated to reality.
Techbros are still doing it. In this thread even, and people are still falling for it judging by their upvotes.
Every ticket scheme for NFTs fails because of a simple reason: contract law. Venues don’t stick with TicketMaster because they like it. TicketMaster’s store front doesn’t have any magic technology; a room of overcaffinated fresh CS grads could recreate it in a weekend of binge coding.
Venues stick with TicketMaster because they are contractually obliged to do so. NFTs do not and cannot change that legal reality.