More than five million NFTs have been created on the Flow blockchain, thanks to Ticketmaster. On August 4, Mark Zuckerberg, CEO of Meta, said that Instagram had expanded NFT support to over 100 countries. All NFT collectibles posted on Instagram are created on the Flow blockchain. On Wednesday, Meta unveiled new NFT integrations for Facebook via users’ digital wallets. Meta’s official storage collaborator Filecoin became last October.
According to Dapper Labs’ Flow, a digital engagement layer-1 blockchain, Live Nation’s subsidiary Ticketmaster has released NFT tickets for event organizers on their blockchain. Aside from serving as souvenirs, NFTs may also be used as evidence of attendance at important concerts.
Nevertheless, virtual commemorative tickets aren’t valid for entry. One must still present a bar-coded Ticketmaster or Live Nation ticket to get in. According to Live Nation, Flow’s blockchain was chosen because of its environmentally friendly nature, as creating an NFT requires less energy than doing a Google search or posting on Instagram.
Through accounts on the Ticketmaster/Live Nation site, you can send NFT tickets via email or QR code to others. A pilot test programme for NFT memorabilia has been in operation for the past six months, with a quiet rollout.
More than 5 million NFTs have been created on Flow’s blockchain through Ticketmaster. On August 4, Mark Zuckerberg, CEO of Meta, revealed that Instagram had increased its NFT support to over 100 nations. Every NFT collectible on Instagram is generated on Flow’s blockchain. Meta recently introduced NFTs for Facebook via digital wallets as part of new NFTs integration. Last October, Filecoin, a decentralized file storage ecosystem, joined Flow as a storage partner.