...

NFTs Take Over Mainstream Events
with Sports Illustrated’s Box Office Launch

Sports Illustrated’s CEO David Lane Talks About Box Office, NFTs, and Mass Adoption

In the world of sports, music, and entertainment, getting your hands on tickets for the hottest events can be a bloodbath. Scammers, bots, and high demand contribute to the chaos, leaving fans frustrated and empty-handed. But what if you could buy a ticket that is unique, verified, and almost impossible to counterfeit? That’s where NFTs come in.

Sports Illustrated is leading the charge with the launch of its NFT ticketing platform, Box Office. It’s a game-changer, marking the legendary sports brand’s entry into primary ticket sales and SI Tickets’ secondary marketplace in 2021.

The platform is now part of SI Tickets, an online marketplace that resells tickets to famous athletic, musical, and theatrical events. But unlike other ticketing platforms, Box Office is accepting ticket listings for smaller community events like Eventbrite and DICE. They’re going after the self-service event market, as SI Tickets CEO David Lane explains: “We’re not here to compete against Ticketmaster. We’re trying to create the first mass-market adoption of NFT ticketing.”

NFTs, or non-fungible tokens, are digital assets that use blockchain technology to verify ownership and authenticity. They’ve been making waves in the art world, with multimillion-dollar sales of NFT artwork by the likes of Beeple and Grimes. Now, they’re making their way into the mainstream with the launch of Box Office.

Box Office aims to create the first mass-market adoption of NFT ticketing, making it accessible to everyone from a 15-year-old to a 90-year-old. As Lane puts it, they want to remove the barriers to entry: “so that everyone can buy their first NFT ticket without having to go through a crypto tutorial on the blockchain, or have to get a wallet and understand any aspects of it.”

With Box Office, fans can be assured that they’re getting a verified, unique ticket that can’t be counterfeited. And for event organizers, it opens up new possibilities for revenue and engagement. They can offer exclusive perks and experiences to NFT ticket holders, creating a new level of fandom and loyalty.

It’s a new era of ticketing, and Sports Illustrated is leading the charge. As Lane says, “We’re trying to create a whole new industry around NFT ticketing, and we believe it has massive potential.” With the launch of the Box Office, NFTs are well on their way to becoming a staple in the world of sports and entertainment.

Facebook
Twitter
WhatsApp
LinkedIn
Mario Estrella

Mario Estrella

Mario Estrella is a seasoned journalist and digital marketing professional at exxeo.report, specializing in technology-related news. With over two decades of experience in the field, he brings a rich history of working in diverse media outlets and advertising agencies. Notably, he has been instrumental in driving significant growth in online presence and readership in his past roles​. At exxeo.report, Mario leverages his extensive experience and deep understanding of the digital landscape to deliver engaging and insightful technology news to the audience.
highlights

Celebrating Bitcoin’s Milestone: A Dive into Its Relationship with Wall Street As we celebrate the 15th anniversary of Satoshi Nakamoto’s Bitcoin white paper, a pivotal moment in the history of

Ah, the scent of innovation is in the air, and no, it’s not a new NFT launch but something far more electrifying. Feast your eyes and gear up as we

A Tectonic Shift  “As the world turns, borders are becoming meaningless; the next step for humanity is to enable a way to interact in a frictionless manner.” In an era

Celebrating Bitcoin’s Milestone: A Dive into Its Relationship with Wall Street As we celebrate the 15th anniversary of Satoshi Nakamoto’s Bitcoin white paper, a pivotal moment in the history of

Leave a Reply

Your email address will not be published. Required fields are marked *

@2023 All rights reserved for EXXEO Terms and ConditionsDisclaimer
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.