This Decentralized Company Partners with NFT Designer to Provide Event Ticketing Solution

Events and concerts are sucking artists and organizers dry through an antiquated and ineffective ticketing system. This rigid system is dominated by three companies that account for 80% of the gains. It failed to keep up with the times, creating loopholes for criminals to exploit artists and organizers.

First, it enables uncontrolled secondary markets to emerge. Here, bad actors make a fortune by reselling tickets at high prices to ignorant fans, and it's clear they don't share the profits with the producers and masterminds.

In addition, the inefficiency of the current ticketing system has also spawned scalpers. Unscrupulous groups use bots to obtain unauthorized concert and event tickets. They then print these tickets and distribute them before the actual tickets hit the market.

As a result, artists and event companies lose revenue while fans overpay for tickets. This has to stop, and Centaurify, a decentralized NFT ticketing company, has come up with a solution.

Learn about Centuarify

Centaurify is developing a decentralized NFT ticketing system and an NFT marketplace for musicians to sell their merchandise. These are the first steps in Centaurify's plan to create a blockchain-powered music universe that empowers musicians and brings them closer to fans.

The collaboration with Impossible Brief (NFT creative agency that works with the biggest names in sports and entertainment) will add a new level to the ticket design, giving fans a unique third ticket design that will become a collectible in the future.

Impossible Brief clients include Snoop Dogg, Lionel Messi, Patrick Mahomes, Alex Ovechkin and Fernando Tatis Jnr. It also does cover designs for Chainsmokers and To Him.

Centaurify and Impossible Brief believe their partnership is taking event ticketing to new heights. According to the Centaurify team, “Centaurify and Impossible Brief’s partnership is changing the game when it comes to NFT ticketing”.

Centaurify is developing an NFT ticketing and marketplace platform with cross-chain and multi-chain interoperability, making the platform easier to use and future-proof. Centaurify is currently being developed on Cardano (ADA), Solana (SOL) and Ethereum (ETH). It is planning to join other networks such as Polygon (MATIC) in the development process.

They will use blockchain and NFT technology to provide 100% traceability of tickets, remove fake tickets from the secondary market by using smart contracts, and reduce the influence of scalpers.

These features enable artists and event planners to set ticketing rules. They also remove intermediaries, putting event organization and promotion firmly in the hands of artists and event planners.

Finally, the solution plans to enhance the user experience. Centaurify sees great potential in its relationship with Impossible Brief on tickets, which will help connect fans and artists and provide ticketholders with a unique experience before and after the event.

Uses of CENT

Centaurify's primary and secondary market NFT tickets will support creators in selling NFTs and collectibles. The platform has a utility cryptocurrency, CENT, an ERC-20 token. Centaurify intends to link the token with Cardano, Solana and Polkadot (DOT) as part of its multi-chain solution.

Users can earn rewards by holding and staking CENT. The more users stake, the better their chances of getting different levels of VIP early access and rewards.

Both users and artists are eligible for staking rewards. Users will receive 1-3% rewards from each NFT ticket purchased, while artists can dictate the percentage of rewards they receive from the sale of tickets and NFTs in both marketplaces.

achievements and plans

It's been a busy 12 months for Centaurify. According to the team, the highlight was its successful Initial DEX Offering (IDO). The launch of the final product is planned for the end of the second quarter.

The company has also expanded its presence in Europe. It has opened new offices in Norway and Estonia, raising its profile across the EU.

Centaurify hopes to grow its team in the future and hopes to work with leading musicians, festivals and event planners, while adding more blockchain platforms and fully deploying NFT ticketing solutions.