OPEN Ticketing: the renewed version of Get protocol—is on a mission to innovate the events and ticketing industry with its new OPN RWA module, inspired by the innovative financial strategy behind the Bowie Bond.
In 1977, the bond transformed David Bowie's future music royalties into $55 million through asset-backed securities.enabling the icon to claim the rights to the songs and share the profits with investors.
Despite the royalties backing the Bowie Bond, OPEN reveals the potential of bonds backed by future ticket sales or other assets in the chain, offering new investment prospects for artists and their fans.
Unlike traditional methods, web3 ticketing platform integrates blockchain and Fractional nfts revolutionize event financing, providing artists and organizers with fair funding opportunities, with the ultimate goal of reshaping the entertainment industry.
Learn more: Launch of OPEN ticketing ecosystem to transform global ticketing (nftplazas.com)
Source: x (OPEN ticketing)OPEN Ticketing challenges the status quo
Historically dominated by major players like LiveNation, the entertainment industry's funding mechanisms have often faced criticism due to high fees and exploitation of fans and artists. Few alternatives challenge the strength of LiveNation.
The release of the OPN RWA module represents a significant change. Take advantage of blockchain technology to decentralize and democratize financing within the sector. Tokenized and fractionated nft tickets improve transparency and accessibility, moving away from opaque and centralized financial practices.
Facilitated by this blockchain module, real-time settlements expand investor participation in large-scale events, encouraging fair financing. The strict lending terms, enforced by blockchain, address common issues such as late payments and defaults in traditional event financing.
With these innovations, OPEN Ticketing's OPN RWA could potentially challenge LiveNation's dominance, signaling a fairer and more accessible era in entertainment financing.
