Amsterdam, Netherlands, March 26, 2024, Chainwire
OPEN Ticketing Ecosystem launched this week with the intention of using blockchain technology to disrupt the $85 billion ticketing industry.
A new RWA use case is born
With real-world assets (RWA) use cases growing significantly, on-chain tickets could be the next big thing. Traditional ticketing is an $85 billion industry that is likely to be disrupted, providing a unique opportunity for blockchain-based solutions. OPEN’s mission is to bring all tickets on-chain, providing much-needed transparency for fans and fair revenue for creators.
OPN Token
All ticketing activity on OPEN Tooling will be driven by the OPN token, which will become tradable starting Friday, March 29th. Ticket aggregators source OPNs from the open market to access their tools and issue tickets. Once staking for OPN begins, all stakers will directly profit from all global on-chain ticket activity.
Plug and Play Infrastructure
The OPEN team has been building on-chain ticketing infrastructure since 2016, creating a plug-and-play suite of tools that adds value at any scale. From small independent artists looking to grow their community and mint NFT collectibles to large ticket sales operators looking to take tickets on-chain. All tickets issued using OPEN can be verified on-chain with full transparency. OPEN has issued over 5 million on-chain tickets to date and expects to increase its annual ticket volume to 20 million this year.
event financing
With on-chain ticketing, not only will your ticketing experience be more seamless, but there are additional unlockable features that will make life easier for everyday creators in ways never before possible. Use OPEN’s new event financing tool, a way for artists and event organizers to crowdsource the funds they need to make their show, tour or festival happen by leveraging their unsold on-chain ticket inventory as collateral for DeFi financing. . Participants who help make these events happen are rewarded with programmable revenue that is automatically issued the moment tickets go on sale. This approach integrates the latest RWA and DeFi tools, giving creators freedom and independence.
Additional information about OPEN:
OPN tokens will be launched on Friday, March 29th. Follow OPEN’s mission for on-chain ticketing through onopen.xyz and the official website. Open your Twitter account.
contact
Olivier Biggs
open
olivier@onopen.xyz