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Stopping Scalpers

Taylor Swift’s Eras Tour was met with a series of ticketing nightmares as scalpers tried to resell tickets for as high as US$22,000. But could NFTs have solved that problem?

Welcome to The Daily Forkast – January 10, 2023, presented by Joel Flynn.

The event ticketing industry was worth around US$1.1 trillion before the COVID-19 pandemic hit according to an Allied Market Research report. With the market returning to normalcy, plenty have their eyes on making some cash. Sales for Taylor Swift’s Eras Tour recently descended into chaos, with tickets appearing on resale sites for as much as US$22,000.

Could NFT smart tickets have solved that chaos? We’ll have more on that story in this episode.