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MINGO, a digital wallet built on the Hedera Hashgraph network, has announced its ambitious plan to revolutionize the global ticketing industry with the launch of its Programmable Digital Ticketing (PDT) system, powered by non-fungible tokens (NFTs).
According to MINGO’s Chief Executive Officer Joe Arthur, the company aims to address critical issues plaguing the traditional ticketing sector. “We’re honored to work with leaders across sports and entertainment to address the challenges of ticketing,” he emphasized. “Our NFT-based system isn’t just about tickets – it’s about delivering unforgettable experiences to fans while adding value for organizers.”
With its Hedera Hashgraph technology, MINGO is poised to make significant inroads in the global ticketing market, leveraging its low fees, high-speed transactions, and energy efficiency.
By utilizing blockchain technology, MINGO’s PDT system aims to tackle pressing issues such as fraud, scalping, and resale inefficiencies. The solution promises to ensure secure and transparent transactions for event organizers while also ensuring that fans have a seamless experience.
In recent months, MINGO has partnered with prominent organizations in the sports and entertainment industries, including World Boxing Council (WBC), Fight Circus, Comic-Con Ireland, Tyson Fury, Goldstar Promotions, Hedera World Boxing, Muay Thai – WBC Muay Thai, Yucateco Boxing League, demonstrating its capabilities to scale for large-scale events.
This innovative solution offers several key features that will set a new standard in ticketing. MINGO’s NFT-based system allows for the creation of unique digital assets that cannot be replicated or tampered with. This ensures the authenticity and security of transactions.
The platform also enables event organizers to generate revenue through various means, including real-time auctions, sponsorship integrations, and exclusive content offerings. Furthermore, it empowers artists and performers to build direct relationships with their fans by providing a digital marketplace for exclusive experiences.
As MINGO continues to expand its reach, it is poised to create a paradigm shift in the way events are ticketed.
Source: cryptopotato.com
