DeFy Tickets of Fort Worth Turns Concert Tickets Into NFTs To Prevent Scalping

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DeFy Tickets of Fort Worth Turns Concert Tickets Into NFTs To Prevent Scalping
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The new app changes how fans buy tickets and helps venues control the price and prevent counterfeiting of tickets.

Courtesy of DeFy TicketsOnline ticketing for concerts has become a huge hassle and a money-sucking monster. And since ticket stubs have become almost obsolete, we no longer even get to keep them as a memento.of Fort Worth may have a novel solution for both problems with a new mobile app.

Customers purchase tickets on the app and are given a single total that includes all extra fees at the time of purchase, unlike other ticket outlets that have hellish hidden fees that slap you in the face — all thanks to an unchecked and unregulated consumer market. "When you enter the event where you access the ticket, is kind of attached to a rotating QR code and it's always hosted online," Jhangiani says."In order for ownership to be transferred, it has to go through a specific process and all those re-registrations on the ticket are recorded on a transparent ledger.

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