Hate Ticketmaster? Onchain RWA tickets may succeed where regulators haven’t

The Future of Event Ticketing with TIX's Innovation

TIX is developing a DeFi-based settlement layer for live events using onchain tickets. This system aims to unlock financing for venues and simplify payout processes, providing a decentralized and transparent alternative to traditional ticket sales. By implementing onchain tickets, TIX seeks to reduce the fees and issues associated with current ticketing systems, potentially protecting the interests of users and artists. This innovative technology may allow a more equitable environment where participants can acquire tickets without the dominance of major companies such as Ticketmaster. The existing market has challenges related to ticket reselling that disadvantage consumers, which could be addressed by this onchain system.

Expected Impact and Reference Price

The new settlement layer is expected to have a significant influence on the industry, potentially generating new revenue streams for event organizers and artists. In a time when market digitalization is accelerating, TIX's efforts are extremely timely as we look forward to the implementation of these solutions in various events and concerts.