One expert says NFTs could revolutionize the ticketing world by combating scalpers and enhancing event experiences for spectators. But despite Formula 1 and metal band Avenged Sevenfold exploring NFT ticketing, it is recognized that NFTs are not yet widely used in the ticketing world in New Zealand. Quinn Rooney/Getty ImagesThe Australian Open used NFT ticketing at its tournament this year at Melbourne Park in Melbourne. It is believed that Juicy Fest, which was held this year and featured R&B artists Nelly and Ne-Yo, also used NFT ticketing. He added that NFT ticketing would complement what is already in place, rather than replace the traditional ticketing system.

Source: Stuff April 14, 2023 20:17 UTC