With the concept of NFT (Non-Fungible Token) tickets, X-PASS is taking the lead in applying blockchain technology to the industry.
X-PASS connects the audience that enters the NFT market through ticket sales to other NFT products. Using content-based Intellectual property (IP), X-PASS develops NFTs for arts collaborations, NFTs for props and NFTs for merchandise, supporting a specialized marketplace for trading NFTs related to the performing arts. These content-based NFTs, built on user-friendly content IP, will lower the barriers to entry for the general public into the NFT space, creating a business model that supports continuous content consumption.
X-PASS Ticketing Solutions
X-PASS converts traditional paper tickets into tamper-proof NFT or SBT (Soulbound Tokens/Tickets). Tickets converted to NFT or SBT not only solve the practical and economic problems of loss and counterfeiting associated with paper tickets, but also revitalize the dormant secondary ticket market by ensuring that creators are fairly compensated. The unique nature of NFT gives tickets a collectible nature, stimulating audience interest in ticket collecting and creating new marketing opportunities.
Utilizing the IP line for the performing arts, X-PASS produces NFT tickets for the performing arts and increases the enjoyment of music. X-PASS offers not only discounted tickets for fans, but also premium NFT tickets for those seeking an exciting experience. Through various benefits such as advance seating reservations, special merchandise and backstage tours, X-PASS strives to provide a differentiated experience that aligns with the ultimate goal of providing “value beyond tickets.”
Tracking NFT tickets can provide valuable insights into audience demographics and marketing effectiveness. By utilizing NFT's culture of collecting NFT tickets, creators can inspire audiences to collect tickets, as well as uncover new marketing opportunities. This allows creators to host parties, events, and metaverse operations for authentic audiences and fans.
X-PASS acts as a ticket management agent and receives fees for ticket issuance and secondary transactions.
1P1S (1 Platform 1 Show) Service (X-Ticket)
X-PASS offers an authentication-based private booking service. NFT or $XPASS membership holders can log into the private channel with simple zero-knowledge authentication, providing them with exclusive services. Since only one type of content is available on the platform at a time, visitors can dive deeper into that performance and take advantage of the various benefits associated with it. These benefits include special discounted tickets, exclusive VIP seats, early booking privileges and merchandise opportunities.
Since this platform is dedicated to a single performance, the bond between the audience and the performance is strengthened. A chat feature allows fans of a particular performance to connect with each other and interact directly with the production team. In addition, information about nearby restaurants, performance cancellations, cast changes and more will be provided promptly.
All products purchased on the 1P1S platform can be resold on the X-PASS trading platform, allowing users to profit from secondary transactions in accordance with the policies of a particular performance.
ZKP Tickets
The X-PASS platform aims to actively utilize Zero-Knowledge Proof (ZKP) technology to enhance user privacy protection during online activities such as ticket transactions, ensuring that personal information is kept secure. This prevents tampering by protecting the user's personal information.
Zero-Knowledge Proof (ZKP) is a cryptographic technology that allows one to prove knowledge of certain information without directly revealing the information itself.
Examples of how zero-knowledge proof can be applied to prove ownership:
Proof of Ticket Ownership: When a user needs to prove that they are the owner of a ticket, they can do so without disclosing ticket details.
Secondary Ticket Sales: In secondary ticket sales, if the identity of the buyer or seller needs to be verified, this can be done without directly disclosing personal information.
Verifying the benefit of NFT membership: When verifying an NFT holder's eligibility for certain benefits, evidence can be provided without disclosing NFT information, ensuring confidentiality when confirming eligibility for benefits.
Block diagram of the ticket booking process in the X-PASS platform.
Implementing zk-SNARK at each stage minimizes the disclosure of personal information on the network, ensuring secure transactions.
- Verification code/NFT authentication stage: Users can prove that they hold a valid ticket without disclosing their identity or ticket ownership details.
- Linked Wallet Address Validation Stage: Users can prove that they hold a valid wallet without disclosing the actual wallet address.
- NFT minting stage: In NFT minting, ownership can be confirmed without directly disclosing the owner.
Block diagram of the on-site verification process.
Even during on-site verification, zk-SNARKs can be appropriately applied at each stage to protect the user's privacy:
Wallet integration stage: zk-SNARKs allows users to confirm ownership of a wallet without disclosing the actual wallet address.
Uploading owned NFT tickets: Users can confirm ownership of a specific NFT without disclosing detailed token IDs or transaction history.
Verification stage: The validity of the ticket can be confirmed without directly disclosing the information contained in the QR code. For example, the system can confirm that a ticket is valid and unused without disclosing specific ticket details (e.g., number, purchaser, etc.).
While Zero-Knowledge Proof technology is great for providing anonymity, there can be performance issues when used in online services. X-PASS plans to implement optimized Zero-Knowledge Proof technology tailored to each service, providing a high level of privacy protection without compromising user experience.
X-PASS NFT Marketplace
X-PASS is dedicated to producing NFTs that have significant value, such as ownership, digital art, certificates/attendance badges and club memberships. With a vibrant marketplace of celebrity-centric merchandise that is actively marketed and sought after, the potential for NFT products that cater to the strong fandoms in the music performance industry is enormous. By combining these collectible NFT products with fandom, we expect not only secondary but also tertiary transactions.
The X-PASS marketplace not only allows producers to mint official NFT products based on the performing arts, but also allows fans to freely mint and trade unofficial NFT products. In addition to its developing line of IP for performing arts content, X-PASS plans to expand its NFT PASS business into other genres, eventually creating a “unified NFT platform for K-content.”
Physical NFTs (RWA - Real World Assets). Valuable physical props held by various content production companies remain unused for long periods of time. To improve the utilization of these abandoned props, X-PASS will create and sell NFTs representing the ownership of famous props of cultural performances. Secondary trading will be possible with the NFTs, allowing NFT owners to choose whether to keep the physical items in a collection or reclaim ownership of the NFTs and possess the physical items directly.
To address the problem of authenticity of physical and digital assets (property), the X-PASS platform has created a physical and digital image verification process (NFT Validator).
Artistic NFTs. X-PASS will create and sell artistic NFTs by capturing memorable, meaningful and signature scenes using motion capture technology and making some of them available for free. Fans will be able to own these vivid NFTs, allowing them to recall the memories and emotions of the performances. In addition, famous artworks related to the cultural content of the performances, such as posters, will be reimagined by renowned designers and transformed into new NFT artworks.
Viewing NFTs. Viewers who come to the venue will receive badges with a certificate of attendance via POAP (Proof of Attendance Protocol) airdrops. This allows viewers to accumulate their viewing experience while providing production companies and performers with marketing opportunities. For example, incentives can be offered based on the number of NFTs owned, or special events can be developed to collect NFTs from specific shows and actors, such as card and stamp collecting events. In addition, a service could be offered to link viewing NFTs to profiles on the platform, allowing users to share their viewing experiences.
Membership NFTs play a key role in the X-PASS platform by connecting all existing services including NFT tickets, NFT merchandise, marketplaces and community services. Services delivered through existing NFT elements (tickets, merchandise, fan events) will be integrated and managed through Membership NFTs. Membership NFTs will be divided into tiers, with differentiated benefits such as early ticket booking, VIP invitations, meet-and-greet events and airdrops of NFT derivatives depending on the tier. In a growing community, NFT membership will establish individual identity and instill a sense of pride in belonging to the performing arts content ecosystem.
