NFT REVIEW NEWS The PFL Launches New NFT Ticketing Solution

Technology advancements are paving the way for ticketing innovations, and the Professional Fighters League (PFL) is stepping into the ring of revolution. The PFL’s new innovative NFT ticketing system overrides the traditional Ultimate Fighting Championship model, introducing an advanced framework for match attendees on-chain.

The PFL is strategizing a grand entrance into the Web3 realm, launching a digital ticket initiative for season ticket holders celebrating half a decade of the league’s existence. These new tickets will grant holders limitless advantages, providing a gateway to not only matches but also pre-battle weigh-ins, exclusive cage-side seats, interaction opportunities with PFL fighters, ring walk experiences, and more. 

The new development sees Web3 firm, CrossTower, utilize the XRP Ledger blockchain, which forms the backbone of PFL’s NFT ticketing system. As such, its utility and scalability streamline the entire ticketing process, adding an extra layer of security to minimize fraud.  

Sports NFT Ticketing – Prime Examples

NFT ticketing is not uncharted territory, as demonstrated by The National Football League (NFL), which first distributed NFT tickets in 2021 and has continued using them ever since. Moreover, World Rugby has shown curiosity in the Web3 world, experimenting with NFT ticketing in December 2021 and creating plans to implement such tickets into this year’s Rugby World Cup, set to take place in France this Autumn. 

Sports Illustrated is another example of firms playing around with the potential of NFT ticketing, debuting its own platform, ‘Box Office’, this month. Collaborating with ConsenSys and powered by Polygon, Box Office supplies a comprehensive self-service ticketing system and management platform. 

As the use cases behind NFTs become more apparent, the future of ticketing is evolving, ushering in a new era of digital access while granting holders unique experiences, while adding an extra layer of extra safety. 

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*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.

Source link

If this article, video or photo intrigues any copyright, please indicate it to the author’s email or in the comment box.

What do you think?

26 NFT Points
Upvote Downvote


I am the curator of the NFT Review Market News. If the document or content infringes any copyright, please point it out in comments and it will be promptly removed. To all the articles we include the link of the Resource that appears as Source Link If this article, video or photo intrigues any copyright, please indicate it to the author's email or in the comment box.

Crypto Alerts Noticias Altcoins Shibarium DAO hace su debut y busca revolucionar cripto

My Crypto Lawyer Sec Speeches Cryptocurrency “Bear in the Woods” Remarks before the Investment Company Institute