How Does NFT Ticketing Work in Sports Events?
Imagine you are finally going to see your favorite team play a final, but when you reach the gate at the stadium, they tell you the ticket you bought weeks ago is false! Well, once again, there is a way that blockchain technology can eliminate this problem with a new use case of NFT. Fraudulent tickets are a major issue for the sports industry. Non-fungible tokens, or NFTs, are used to address the issue of fraudulent ticketing in sports events like the Olympics and Formula 1 races by providing proof of ownership and stopping duplicate sales.