According to Flow, digital engagement layer-1 blockchain is created by Lab LabLive Nation’s subsidiary Ticketmaster has revealed nonfungible token tickets (NFTs) for event organizers printed on the blockchain. The main purpose of NFT tickets is for commemorative value. But in addition to being used as a keepsake, it can also be used as a proof of attendance in concert is recorded.
However, such virtual commemorative tickets that is not authorized to enter. One still needs to show the ticket purchased with a barcode from Ticketmaster or Live Nation to enter. As reported by Live Nation, they chose the Flow blockchain based on its environmental friendliness, stating that creating NFTs on Flow uses less energy than searching Google or making Instagram posts.
You can send NFT tickets to others via email or QR code through your account on the Ticketmaster / Live Nation site, which also has support for wallet addresses. Ticketmaster began a pilot test program for NFTs issued as memorabilia for certain events over six months through a quiet rollout.
To date, more than 5 million NFTs have been printed on the Flow blockchain through Ticketmaster. On August 4, Mark Zuckerberg, CEO of Meta, announced that Instagram has added NFT support to more than 100 countries. All NFT collections posted on Instagram are printed on the Flow blockchain. This week, a new Meta opens NFTs integration for Facebook as well as through the user’s digital wallet. Filecoin, a decentralized file storage ecosystem, becomes Flow official storage collaborator Last October.