New RWA usecase unlocked as OPEN launches onchain ticketing ecosystem

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New RWA usecase unlocked as OPEN launches onchain ticketing ecosystem

The OPEN Ticketing Ecosystem launched this week, meaning to disrupt the $85 billion ticketing business utilizing blockchain expertise.

A brand new RWA use-case is born

Amidst the huge progress for real-world asset (RWA) use circumstances, onchain tickets could be the subsequent massive factor. Conventional ticketing is an $85 billion business that’s ripe for disruption, with particular alternatives for blockchain-driven options. OPEN’s mission is to take all tickets onchain, delivering much-needed transparency for followers and truthful earnings for creators.

OPN token

All ticketing exercise on OPEN’s tooling is pushed by the OPN token, which can turn into tradable beginning Friday March 29th. Ticket integrators supply OPN from the open market so as to entry tooling and situation tickets. When staking goes dwell for OPN, all stakers will earn yield straight from all world onchain ticket exercise.

OPEN

Plug & play infrastructure

The OPEN crew has constructed onchain ticketing infrastructure since 2016, leading to a plug & play toolsuite that provides worth at any scale; from small impartial artists trying to develop their neighborhood and situation NFT collectibles, to massive ticketing operators trying to take their tickets onchain. Each ticket issued utilizing OPEN can be verified onchain with full transparency. OPEN has issued over 5 million tickets onchain so far – and is anticipating to lift their annual ticket quantity to 20 million this yr.

Occasion financing

Taking ticketing onchain not solely makes the ticketing expertise smoother – there are further unlocks that make the lives of on a regular basis creators simpler in methods by no means earlier than doable. Take OPEN’s new event financing tool, a means for artists and occasion organizers to crowdsource the funds wanted to comprehend a present, tour or competition, by leveraging their unsold stock of onchain tickets as collateral for DeFi funding. Members who assist notice these occasions are rewarded with a programmable yield, issued to them routinely the second the ticket sale takes place. This method unites the newest in RWA & DeFi tooling to offer freedom and independence to creators.

Extra about OPEN:

The OPN token will launch on Friday March 29th. Comply with together with OPEN’s mission for taking ticketing onchain via the web site: onopen.xyz & the official OPEN twitter account.

 

Contact

Olivier Biggs
OPEN
[email protected]

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