Non-Fungible Tokens (NFTs) are so much more than just a JPEG and used in the right way, can massively help a variety of groups. One of these benefactors are event organisers: those using Oveit, the technology company that offers digital online ticketing and virtual shopping solutions, will be able to have a simpler process to generate and sell Non-Failable Token Tickets (“NFT Tickets”), following the company’s partnership with Polygon Studios.
The blockchain company Polygon was known until last year as MATIC and is currently valued at over 10 billion dollars, attracting significant investments from the famous Marc Cuban and having partnerships with important players in the web3.0 ecosystem such as BINANCE and Coinbase.
Oveit launches the new end-to-end NFT tickets and its new Oveit NFT solution.
The NFT market is booming globally, reaching more than $24billion in sales in 2021, up from nearly $95million in the previous year.
Romania is aligning with the international trends and is trying to stand out in this market segment. The NFTs have already entered strongly in the events industry, changing radically and rapidly how organisers, artists, and ticket sellers do business and generate revenue.
The Oveit x Polygon partnership will quickly remove the entry barriers, giving any event organiser the opportunity to issue and sell NFT tickets and have the chance to generate additional revenue from a new source – the model has already been successfully tested by artists such as DJ Steve Aoki, who said these days that he has made more money selling NFTs than his entire music career so far. In Romania, the success of the NFT collection recently launched by the artists from “Subcarpați” is already notorious.
”Current tools for selling and issuing NFT tickets involve too much time and prohibitive costs. Even though it has been difficult until now to buy and sell such tickets as an event organiser, we believe that things should be different. Thus, through Oveit NFT, we come up with a fully integrated solution through which almost anyone can generate and sell NFT tickets in an extremely short time, without coding expertise and with lower costs”, explains Andrei Ștefan, the CEO of Oveit, the company with proven experience as a technology supplier for online ticketing solutions and virtual shopping.
NFT tickets, such as those generated by Oveit NFT, are different from regular events, offering multiple benefits.
For example, NFTs significantly reduce the possibility of fraud or counterfeiting and can create a more complex and engaging experience with event attendees – creative concepts opening up whole new horizons and new revenue streams for an industry severely affected by bottlenecks pandemic worldwide.
Using blockchain technology, this type of ticket can store secure credentials and attractive bonuses such as exclusive access to goods, souvenirs, or vouchers for purchases during the event. Moreover, in some cases, an NFT ticket not only is not useless after the event but can even increase its value.
“Even event organisers, artists, and ticket sellers who are less technical appreciate the simplicity and ease of use of the new Oveit NFT product. The seller registers on the Oveit platform to create his account and generate the first NFT tickets. Subsequently, the buyers receive the purchase, and they pay and claim their ticket, which is later available in the blockchain wallet. Buyers pay using the card, and the transaction confirmation is sent by email”, explains Mihai Drăgan, COO Oveit.
Oveit NFT naturally comes in addition to the Streams.live solution – the technology for Live Stream Shopping, launched by the company in the fall of 2020.
With Streams.live, shoppers watch an interactive online product presentation in real-time and ask questions or exchange impressions with other connected users, and then buy the desired product directly with a single click.
Now, by using Oveit NFT in conjunction with Streams.live, NFT ticket sellers not only can sell tickets easier but can also connect directly with their target audience.