EZ-Ticket (Tikkit.app) Events tickets are a high volume potential use case for NFTs
How?
Build a NFT storefront that can add great value to ticketing companies and change conventional ticketing to smart ticketing.
Why?
- With NFTs, smart tickets are verifiable, interoperable and have clear ownership.
- A ticket doesn't need to die after being redeemed at an event. It can live on in digital wallets of the user's choice.
- Current tickets themselves are collectable items memorializing events attended. NFT's make them even more so.
- Large volumes of NFTs can be required for events and other purposes.
PROJECT SCOPE
- Build a ticketing specific DApp storefront and API on the NFT Framework Collab.
- Deploy the server-side code in a decentralized network configuration.
- Operate the client-side as a perpetual service to the Cardano community of developers and users. Provide support, maintenance and upgrades.
BENEFITS
- Creates a method for events, marketplaces or projects to mint and sell tickets with verifiable provenance.
- Builds DApps on Cardano that prove the chain is attracting meaningful DApps.
- Offers a business model extension to the NFT Framework we are building for the community.
SCHEDULE
- General Availability (GA) 3-months post funding.
PLAN AND BUDGET
Phase 1
- Research and design the DApp and use cases
- Market testing the concept and the potential uptake on the service (In process already within NFT-DAO working groups, and a test ticket for Akkadia is already an NFT)
Phase 2
- Prioritize Resource Utilization
- Assign teams and workload
- NFT-DAO will handle the commercialization (requirements, website, market research, partnerships, operations)
Phase 3
- Run Sprints to build all the logic components needed and the UX/UI
Phase 4
- Testing, Audit and hardening (dev/ops teams doing verification testing)
Phase 5
- Go Live (alpha and beta testing in real world conditions)
Phase 6
- G/A Launch (General Availability for developers to use) Total: $29, 842 includes the initial development costs and operational costs for 3-month ramp.
DEFINED SUCCESS REPORTING
3-month: Post funding much of this work will be available to see firsthand and can be followed in the Github repository. The system should be up and running in General Availability (GA). 6-month: Active and Fully Operational (FO). 12-month: Working within the wider blockchain community with many of the list of collaborators listed below, and adopting our model for use with the wider community.
BACKGROUND
Ticket Dispenser—NFT Framework DApp Tikkit.app will be one of the storefronts on the NFT Framework Collab. It will resemble https://www.nft.kred/events/tickets but on the Cardano blockchain and a better UX/UI and different features and use models. NFT.Kred is just an example.
The problems with traditional event ticketing
Interoperability, scarcity and ownership don't exist on the internet, nor in traditional ticketing. Non-fungible tokens will shake up the ticketing industry and rival traditional companies like Eventbrite.
Costs Event organizers don't have it easy nowadays. They face high upfront costs as well as high risks such as terrorist threats, natural disasters or counterfeiting tickets. On top of that, promoters have to wait until ticketing companies payout ticket sales after the event has finished. Companies like Eventbrite take a high percentage of every ticket sold, which is usually between 2 and 3.5% on every sale, in addition to a set fee. What ticketing companies give in return is a digital ticket sales solution, marketing and sometimes – hardware scanners.
Scalpers and Authenticity Another major issue is that tickets are sold on secondary markets for a much higher price and it is difficult to control who is buying, selling, or redeeming a ticket. On average, 12% of people buying concert tickets get scammed*. In short, the whole ticket sales cycle is a mess.
Where do NFTs come in? NFTs can add great value to ticketing companies and change conventional ticketing to smart ticketing. With NFTs, smart tickets are verifiable, interoperable and have clear ownership. A ticket does not die after being redeemed at an event but, lives on in digital wallets of the user's choice.
Costs The costs associated with building and minting non-fungible tokens is negligible, especially compared to traditional ticketing infrastructure. Structured correctly, hundreds or even thousands of NFTs (smart tickets) could be created for less than a couple of dollars. Not only do tickets cost less to produce, but they are also unforgeable – the event organizers can easily, quickly, and without a question validate the authenticity and history of ownership.
Scalpers and Authenticity This is where the blockchain truly shines. Where re-sale is acceptable, using non-fungible tokens built on top of blockchain technology enables an end-user to verify and validate the authenticity of the ticket with absolute certainty. Where scalping/resale of an event's ticket is strictly forbidden, and the event organizers can enforce this without error. NFTs can be made non-transferrable in computer code and prevent the transfer of tickets.
Non-fungible tokens as event tickets in the wild The first-ever NFT-exclusive ticketing is demonstrated on Cardano by NFT-DAO.
GUIDING QUESTIONS
++What are the key applications that underpin the application ecosystem on other platforms?++There are a few DApps that have wide adoption on other platforms. On is NFTs and marketplaces. This is a specific storefront for selling event and other ticket types that in themselves can become collectables.
++What are the most profitable or most used applications on other ecosystems?++Clearly DEX and DeFi solutions are at the headwaters of the money stream and therefore the most profitable. Next to DeFi and related is the NFT market, not just art, but NFT solutions of all types will generate trillions in capital in the next decade.
What needs do users of Cardano have that could be solved by new applications? They need a wide range of DApps similar to other blockchains.
++What applications deliver the highest amount of value with the least amount of technical sophistication?++The uses for tickets offers possibilities to create decentralized versions of things like EventBrite, not particularly highly technical, more utilitarian, but with a high revenue and volume potential.
TEAM NFT-DAO Our team is drawing talent in at this writing over 320+ persons joined our NFT-DAO Discord. We're embracing everyone who strongly desires an overarching NFT framework on Cardano—especially those who proposed NFT solutions—and invite you to join our NFT DAO that will open-source the patterns we build as a community. Join us in a coordinated and consolidated effort. Others have already merged their proposal. You'll join:
Rich Kopcho, a life-long entrepreneur building 18 start-ups in his career. He has owned and managed a development shop and open-sourced the successful 'Restore' backup solution. He taught manufacturers around the world Holonic manufacturing (1997-2007); a heterarchical systems and technology approach that is the foundation DAOs are based on. He currently operates a venture studio in Laramie WY building technology solutions with partners. Rich is the executive producer of the Wyoming Blockchain Stampede - an annual conference by UWYO that IOHK/Cardano/Emurgo and others sponsor to educate the blockchain community.
Michael Yagi, a senior software engineer with experience facilitating integration between different technologies across many different facets in a smooth, seamless fashion. He has a background in leading the development for projects that need to ship projects with many unknowns in a timely manner. His interest lie in building the bridge between the ocean and the pond (Cardano and "traditional" software engineering) as well as leveraging his game development background for NFT's in the game industry.
Tyler Wales, an entrepreneur with product development and management expertise, and experience bringing new solutions to market. He has launched multiple profitable businesses in media and technology and has established relationships in film production and distribution. Tyler is currently a mentor at Portland Incubator Experiment.
Community Members n+1, is passionate about NFTs and has aligned themselves to a previous proposal seeking funding for a NFT point solution. They are eager to build their business model on top of a solid framework. Since none has existed for Cardano, they were planning to build one for themselves from scratch. They are one of ~300 individuals who could potentially pool their expertise into an all-embracing open-source version to benefit the entire community rather than one project. Their expertise is multivariate in development, SPO, marketing, design, business, and more.
Definition of Success
Received emails from [email protected], How my proposal impacts the challenge metrics, Broken down my budget requirements, Defined expected public launch date., How I address the challenge question, Submitted this proposal to only one challenge, Definition of success after 3, 6 and 12 months, Included identifying information about all proposers
