GateLive AMA Recap-OPEN Ticketing Ecosystem

Q1: Could you explain the OPEN ticket tooling and how the OPN1 token plays a part in issuing tickets?

Since 2016, we have developed a ticketing infrastructure that allows artists, venues and ticketing companies to offer a superior ticketing experience to their attendees. This comes down to a very easy and safe purchasing process, as well as various Web3 benefits, which are integrated into our ticketing process seamlessly.

Over the last 8 years, our tooling has been used to issue over 6 million tickets, with not a single one being scalped or used in fraud.

The OPN1 token (or $OPN on dexes) is needed by anyone who uses our infrastructure to issue their tickets. Kind of like a credit in an arcade machine.

Q2: Ticketing serves a lot of non-crypto people. How do you deal with that and what is your vision of bringing crypto to mainstream users?

This is a very important topic! Crypto can definitely be a bubble, so it’s very valuable to do a lot of market research to figure out how to find product market fit in the ‘real world’. We spent a lot of time talking to artists and attendees, testing our features and product flows, to make sure that we offered a product experience that actually solved problems and made peoples’ lives easier.

We learned that if you want to serve 20,000 people in a stadium show, you need to keep things very simple and avoid ‘forcing’ innovation on the average fan. Instead, we make sure that attendees have a great time and artists experience a better ticketing solution. Only once we have improved their lives do we emphasize that this is done with various Web3 features.

Q3: What is the role of NFT’s and DeFi in your product?

Every ticket we issue is an NFT, meaning a fan will have an onchain collectible from the event they attended for the rest of their life! Event organizers can incentivize fans to attend future events by offering them discounts or other valuable experiences.

Also, these NFT’s can have visuals from the event itself, like highlights from a basketball game, for example. Making memories last forever.

On the DeFi side, we have a feature that allows independent artists to fund their own events, using their NFT tickets collateral for an onchain ‘crowdfunding’ of sorts.

Q4: What do you have planned for the upcoming period?

1.Too much to mention really, but I’ll do my best.
2.Bigger ticket deals
3.Implementation of our multi-chain strategy
4.Event financing launch
5.Potential L3 exploration

And much more. You can see our recent roadmap blog that goes into these topics a little more

Q5: How can people get involved with the project?

Join our DAO! We have a lot of cool news and initiatives coming up, so we would love to have you on board.