Category: NFT News
OPEN Ticketing Ecosystem Launch To Transform Global Ticketing
What has OPEN achieved so far?
Since 2016, the OPEN Ticketing Ecosystem has issued 5 million tickets for a wide array of events across the globe, from stadium shows to comedy clubs and museums.
OPEN’s rebranding coincides with the launch of a new event financing system, helping organizers and artists to fund their events without relying on a traditional ticketing solution.
Planned integrations are set to boost OPEN’s ticket volume to 20 million tickets in the near future.
What is the $OPN token?
$OPN is OPEN’s native token, which will launch on March 28th.
The $OPN token will be used by ticketeers to fuel all tickets processed through OPEN. Holders of OPN will be able stake their tokens to receive a portion of the yield from ticket sales: as a ticket holder checks into an event, $OPN will be sent to stakers from the treasury of a structured DAO.
OPEN’s ambition is to switch 1% of events worldwide to an onchain ticketing solution in the next five years – and with the onchain ticketing industry currently valued at $30 million compared to the $85 billion of the traditional industry, the team hopes to bring substantial value onchain, to the benefit of their holders.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
COO of NFT Plazas. Bullish on web3. Competitive soul.
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