Crypto news: the OPEN Ticketing Ecosystem is coming, an innovative platform that aims to revolutionize the ticketing industry in an “unchain” way, with the support of Solana, Tezos, and Circle.
OPEN is a dynamic ecosystem of builders, projects, and funders committed to challenging the status quo of centralized ticketing to give back control to event organizers, artists, and their fans.
OPEN represents the official rebrand of the established GET Protocol, launched in 2016 and which has issued over 5 million tickets for events of various kinds worldwide. Let’s see all the details below.
OPEN: the new frontier of crypto ticketing with support from Tezos, Circle, and Solana
As anticipated, OPEN Ticketing Ecosystem has just launched its innovative platform, with the aim of transforming the $85 billion ticketing industry, supported by leading companies such as Animoca, Merit Circle, and Redbeard Ventures.
This new ecosystem, recently launched, aims to become the main platform for ticketing on blockchain, with the support of Animoca, Merit Circle, Redbeard Ventures and Tezos Foundation.
Furthermore, it uses tools like Polygon, Base, Solana, and Tezos.
The common goal of this ecosystem, made up of builders, projects, and funders, is to challenge the status quo and bring the ticketing industry, valued at 85 billion dollars, onto the blockchain.
Returning control to event organizers, artists, and their fans. Ticketing is ready for a revolution in Web3 and RWA, and blockchain ticketing is the primary way to engage mainstream consumers in Web3 technology.
Every year, billions of dollars in revenue are acquired by centralized ticketing monopolies, while artists, organizers, and fans suffer.
The OPEN Ticketing ecosystem is well positioned to break these monopolies, having issued over 5 million tickets for events worldwide since 2016, providing a cutting-edge global blockchain ticketing infrastructure.
The rebranding of OPEN is accompanied by a new event financing system that helps organizers and artists finance their events without having to rely on ticketing monopolists.
In the near future, further integrations are planned, which will bring the annual volume of tickets on OPEN to 20 million. In addition, OPEN will launch the token OPN on March 28th.
OPN owners will be able to stake their tokens and receive a portion of the real-world ticketing yield.
The impulse of the OPEN Ticketing ecosystem: the power of the OPN token
Currently, the centralized ticketing sector is worth 85 billion dollars, while the blockchain ticketing sector is estimated at only 30 million dollars. OPEN aims to bridge this gap and bring 1% of the events sector onto the blockchain in the next five years.
OPN has a real question outside the cryptocurrency sector and a market capitalization of 30 million dollars, thus bringing billions of value to the blockchain and creating a multi-billion dollar revenue stream for its holders.
At the heart of the OPEN Ecosystem lies the OPN token, which serves as the engine for all tickets processed through the platform.
With every purchase of a ticket for an event, the OPN operates behind the scenes towards the token stakers through the DAO and the ecosystem treasury, offering a tangible return on a global scale.
With significant progress in onchain accessibility, maturation of onchain experiences, blockchain activities and platforms, all elements are now aligned to allow the OPEN Ticketing ecosystem to revolutionize the ticketing industry.
