The new OPEN ticketing module brings the Bowie Bond back to life

The new OPEN ticketing module brings the Bowie Bond back to life

The revised version of Get the protocolOPEN Ticketing’s mission is to innovate in the events and ticketing sector with its new OPN RWA module, inspired by the innovative financial strategy behind the Bowie Bond.

In 1977, the bond turned David Bowie’s future music royalties into $55 million via asset-backed securities, allowing the icon to reclaim his rights to the songs and share his profits with investors.

Despite royalties backing the Bowie Bond, OPEN reveals the potential for bonds backed by future ticket sales or other on-chain assets, providing new investment prospects for artists and their fans.

Unlike traditional methods, the web3 ticketing platform integrates blockchain and Split NFTs to revolutionize event financing, providing artists and organizers with fair funding opportunities, poised to reshape the industry.

Learn more: OPEN Ticketing Ecosystem Launched to Transform Global Ticketing (nftplazas.com)

Source: X (OPEN Box Office)

OPEN ticketing challenges the status quo

Historically dominated by major players like LiveNation, the entertainment industry’s financing mechanisms have often been criticized for high fees and exploitation of fans and artists. Few alternatives challenge LiveNation’s stronghold.

The launch of the OPN RWA module represents a significant change. It leverages blockchain technology to decentralize and democratize financing within the sector. Tokenized and split NFT tickets improve transparency and accessibility, moving away from opaque and centralized financial practices.

Facilitated by this blockchain module, real-time settlements expand investor participation in large-scale events, thereby promoting fair financing. Strict lending terms, enforced by blockchain, solve common problems such as late payments and defaults in traditional event financing.

With these innovations, OPEN Ticketing’s OPN RWA could challenge LiveNation’s dominance, signaling a fairer and more accessible era in entertainment financing.

The ultimate goal is to offer artists and fans better conditions and more control over their commitments.

Want more? Connect with NFT Places

Join the weekly newsletter
Join our telegram
Follow us on twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product before making any type of investment.

Digital art fanatic who brings a unique perspective to NFT news.

Recent Posts

Medieval Empires, a new web3 multiplayer strategy game, launches its open beta today. In preparation for…

The popular Shiba Inu coin ($SHIB) has expanded its use as a means of payment, now…

The Telefónica NFT marketplace recently added a new batch of NFTs created by Harvverse…

Web3 tycoon simulation game Loaded Lions: Mane City has launched its season 2, with the…

The highly anticipated mobile RPG Guild of Guardians launches “Age of the Dread” tomorrow, with…

Web3 gaming platform Pixel Realm launches its initial NFT offering for Daosis’ Sapphire Maestro NFT…

This website uses cookies.

Accept

Fuente