NFT Ticket Ecosystem

November 30, 2024
NFT Ticket Ecosystem

NFT ticket or Token Gating

The concept of NFT ticketing started to gain momentum in 2018-2019 as blockchain technology became more popular. However, it was during the NFT boom in 2021 that NFT tickets gained significant traction.

NFT tickets are digital tokens stored on a blockchain that serve as proof of ownership and authentication of access to events. Unlike traditional tickets, NFT tickets are unique, verifiable and cannot be faked, providing a transparent ownership history. They can be bought, sold or exchanged on NFT marketplaces and can include additional benefits such as exclusive merchandise or the opportunity to meet artists or athletes. Sometimes the term NFT gating or NFT pass is used.

Token gating is a mechanism that restricts access to certain content, services, or experiences based on ownership of certain digital tokens. 

Access can be via both fungible and non- fungible tokens, so in a general sense token gating is a larger sector that includes NFT tickets. 

Token gating

How works NFT ticket

There is nothing difficult to produce tickets for Web3 content or events. It's much harder to create a product that combines web3 mechanics with web2 networks and offline events.

Many projects are trying to combine the popularity of social networks, the security of blockchain and access to offline events in their products in different ways.  Only the most expert teams take on the offline access.  In general, the ticket flow is as follows:

  1. event creation
  2. ticket issuance on blockchain
  3. ticket sales on the primary and secondary market
  4. ticket redemption

Optional, but tickets are often given additional value by building collections and user fan bases.

NFT tickets can be realized using different standards and they can even be personalized.

NFT royalties allow creators to receive a percentage of sales each time their NFTs are resold. This feature is built into the smart contract during the minting process, ensuring that creators are continually rewarded for their work as it changes hands on the secondary market

What are the best NFT tickets

NFT Ticket Ecosystem

There is no right answer to this question. Some will praise the project for its completely trustless purchase and verification process, while others will berate it for the same, because they care about the familiar interface and simplicity.

Below are the current market players and their strengths.

B.A.M ticketing platform is a purpose-built, layer 1 blockchain solution for live event ticketing. The platform offers NFT Ticketing-as-a-Service for easy integration into existing ticketing and event management solutions

Belong presents token gating for communities, events, RWA and DePIN. Apple Home integration allows Belong to seamlessly enter establishments such as co-working centers, gyms and clubs without the need to register. 
Phygital goods Support. When a user purchases an NFT, they can claim a physical item from you, allowing you to receive payments for physical goods that can be claimed through the NFT. 

Box Office is the NFT ticketing platform from Sports Illustrated Tickets (SI Tickets) accepts credit and debit cards, PayPal, Venmo, and Apple Pay. 

Collab.Land is a community management tool. Support for tokens of different types from more than 30 networks, flexible access system makes this project one of the best for creating closed communities in Discord and Telegram.

ComeTogether offers a complete ticketing solution that includes a ticket marketplace, wallet, organizer dashboard and scanning/validation application. Event organizers can use white-label and API options to support corporate branding.

DeFy Tickets powered by OPEN Ticketing Ecosystem protocol makes it easy to create events with both general admission (no seating) and customized seating formats. There are special functions for live streaming from online events.

Ethpass provides an easy and convenient way to issue digital passes specifically designed for use with Apple and Google Wallet. These passes can be linked to either an NFT or a wallet, allowing you to connect your digital assets to a wide range of use cases such as tickets, reservations, offers and more.

Guts Tickets is a mobile centric platform based on OPEN protocol.

Part of the Moongate ecosystem, Moongate Campaign, a code-free engine for issuing smart tokens with real-world use cases (e.g., NFT tickets , membership cards, phygital collectibles).

MyShCh is a no-code web3 solution for events, tokenization and community engagement. MyShCh provides NFT tickets, access, gifts, SBT certificates.

NFT Tickets gives you opportunity to create your own event and publish it immediately. The platform available for Web and Mobile.

NiftyKit is a tool for creating, collaborating and launching NFT projects - without coding. The platform helps creators and teams monetize, manage and sell artwork, music, game assets, membership tokens and more.

OPEN offers a simple API for creating NFT tickets on the blockchain, and can easily connect to existing ticketing platforms.

Oveit offers a smooth ecosystem of event platform with NFT Ticketing, Wallet, Payment system.

Combined with biometrics, Seatlab offers a secure mobile ticketing solution that ties tickets to devices, preventing fraud, unauthorized transfers, creating new revenue streams.

UTIX  is a blockchain-based SaaS product that offers e-ticketing solutions to event organizers and consumers. Event organizers can use it for free.

X-PASS. By leveraging intellectual property (IP), X-PASS lowers the barriers to entry for the general public into the NFT space, creating a business model that supports the continued consumption of content.

NFT Ticket Ecosystem - Quick Summary
NFT Ticket Ecosystem Review. Different from token gating. How it works. Best ticket protocols.
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