Sat. Jan 1st, 2022
    NFT tickets, NFT marketplaces

    Have you ever encountered ticket scammers? Have you ever been in a situation where there are no tickets on the official website, but you can buy them “in person” at one and a half to two times more expensive? Let’s see how the blockchain can protect against such speculations!

    Scammers usually use one of the common schemes:

    1. Tickets for events are bought in advance and resold at an inflated cost on the Internet/near the entrance/near the ticket offices at the event venue.
    2. They sell non-existent tickets or resell NON-registered tickets to several people at once.

    In Russia, it is almost impossible to get tickets to cult venues, such as Moscow Bolshoi Theatre.

    There have been cases when tickets to the Bolshoi Theater at a nominal value of 12 thousand rubles were resold by ticket “dealers” for 100 thousand.

    Sometimes scammers create copies of sites of theaters or museums: they choose a similar domain name, post photos, posters, news copied from the actual site. If you are lucky, a ticket on such a site will be sold to you — but again, several times more expensive than the real one.

    A site tagged “Реклама” (“Advertisement”) is a fake site

    Sometimes scammers sell tickets to non-existent concerts. To do this, they create a fake meeting on social media or duplicate the official page of the band, which is supposed to perform soon. All participants of such meetings are bots, and the only goal is to sell fake tickets.

    For example, Russian fans of the Korean band BTS were waiting for their idols at Luzhniki. First, the concert was announced for June 2020, then there was information about the postponement to June 2021 because of the coronavirus pandemic. As you understand, the band members were not going to go to Russia at all, and non-existent tickets cost from 6000 rubles.

    In 2018, according to the InterMedia agency, 77 billion rubles worth of tickets were sold for so-called concert and entertainment events posters, excluding corporate events.

    The amount, you must agree, is significant enough to attract speculators like light attracts moths.

    And All These Problems Will Be Solved By Tickets On A Blockchain?

    While Russia is introducing new rules for ticket refunds for concerts and performances, the crypto community offers a solution based on NFT blockchain technology. For the ordinary user, unfamiliar with this advanced industry, buying an NFT ticket looks the same as buying a ticket through a familiar Internet site. But not everything is as simple as it seems.

    It is not an image with a QR code or identification data that is sold, which is recognized by a scanner upon presentation of a ticket. Its uniqueness is sold — the ticket is displayed in blockchain blocks and no one can change this data.

    Binance NFT and Rarible NFT marketplaces were among the first to launch such tickets.

    NFT tickets almost completely eliminate the possibility of profit by scammers, and the event organizers, on the contrary, are guaranteed their reward — a percentage of the NFT resale, which they set up.

    For their part, legislators leave speculators without earnings from the sale of “extra tickets” on the day of the concert, by the law on “non-refundable” tickets the day before the event. As tickets get closer to the date shown on the ticket, they become cheaper, which leads to certain costs for resellers.