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TL;DR
Taylor Swift does not have her personal NFT collection to fight scalpers value gouging her tickets on the resale market, however Avenged Sevenfold do!
Mainly, followers that personal one in every of A7x’s ‘Deathbats Membership’ NFTs get first dibs on tickets. Which implies they get to pick out the perfect seats, at the perfect costs.
Whereas beforehand, they’d have needed to compete with automated bots, arrange by scalpers, who then promote them again to the true followers at INSANE costs.
Which is strictly what occurred to Taylor Swift followers final yr, when tickets to her Eras Tour have been being resold by scalpers for as much as $22K!
Full Story
What is the distinction between Taylor Swift and Avenged Sevenfold?
Nicely, for starters, Avenged Sevenfold have not featured in Chevy’s Spotify Wrapped, with out fail, for the previous 6 years.
One other key distinction: Taylor Swift does not have her personal NFT collection to fight scalpers value gouging her tickets on the resale market.
Avenged Sevenfold (aka A7x) do.
If you do not know A7x, they seem to be a steel(ish) band that this man would have had on heavy rotation, had he identified about them in 2004.
(And sure, your assumptions are right – that is a do-it-yourself KISS t-shirt).
However what’s all this about NFTs and value gouging?
Nicely, A7x have partnered with Ticketmaster to token gate their ticket gross sales.
Mainly, followers that personal one in every of A7x’s ‘Deathbats Membership’ NFTs get first dibs on tickets.
Which implies they get to pick out the perfect seats, at the perfect costs.
Whereas beforehand, they’d have needed to compete with automated bots, arrange by scalpers. Scalpers that wish to purchase out the entire finest seats, then promote them again to the true followers at INSANE costs.
(Which is strictly what occurred to Taylor Swift followers final yr, when tickets to her Eras Tour have been being resold by scalpers for as much as $22K!).
Here is why this will get us excited:
A number of the stuff we discuss on this right here publication focuses on how Web3 expertise could possibly be used.
Not the way it’s at present getting used.
Why? As a result of we nonetheless so darn early! This stuff take a minute to be adopted.
However at the moment we get to interrupt that development, and see how – in realtime – NFTs are getting used to nurture and reward fandom.
It is fairly freakin’ cool!
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