Summary
TLDR: Avalanche has acquired a stake in Sports Illustrated Tickets and is now the blockchain provider for its NFT-enabled ticketing service, Box Office. Box Office offers Super Tickets NFT tickets with exclusive features. SI Tickets is a separate entity from Sports Illustrated magazine. Box Office has issued 300,000 tickets since its launch in May 2023. SI Tickets switched to Avalanche from Polygon due to promises being fulfilled. Ava Labs is investing in NFT ticketing platforms and sees potential in the industry. SI Tickets believes NFT tickets are more efficient and valuable than traditional barcode scans.
Key Points
1. Avalanche has purchased a stake in Sports Illustrated Tickets and become the blockchain provider for its NFT-enabled ticketing service, Box Office.
2. Box Office is a blockchain-based ticketing service that individuals can use to set up paid or free events. The so-called Super Tickets NFT tickets enabled by Box Office offer features including NFT videos, exclusive offers and loyalty benefits, SI Tickets said in a press release.
3. Sports Illustrated Tickets is a secondary market ticketing platform under the Sports Illustrated umbrella. It leases the Sports Illustrated brand from a brand management firm but is a separate company from the embattled magazine, SI Tickets CEO David Lane stressed in an interview.