Traditional ticketing systems suffer from issues related to scalping, fraud, a lack of control for event organizers, operational inefficiencies, and limited transferability and ownership. These problems collectively contribute to a less-than-optimal experience for both event-goers and event organizers. A decentralized ticketing platform with NFT minting on the Flare Network seeks to address and overcome these challenges, offering a more secure, transparent, and user-centric solution.
According to industry reports, the global event ticketing market is estimated to be worth approximately $67 billion in 2022. This figure encompasses various events, including concerts, sports, theater, and more. The market has exhibited consistent growth over the years, with a compound annual growth rate (CAGR) of around 7% over the past five years. This trend is primarily driven by increased spending on live events and the expanding cultural and entertainment industries.
By incorporating the Flare Network for NFT minting, robust security measures, decentralized storage through IPFS, and the scalability and reliability of Google Cloud services, we have built a technology stack that not only addresses the challenges of traditional ticketing systems but also offers enhanced security, transparency, and a seamless user experience for event organizers and attendees.
Our revenue streams encompass transaction fees, premium NFT features, and event promotions. We aim to provide transparent, cost-effective pricing for event organizers, while also offering value-added services to help them maximize ticket sales. Our pricing strategy is designed to ensure that both event organizers and our platform benefit from a mutually advantageous partnership
In collaboration with the Kiboko DAO community, our roadmap is structured to foster community engagement, open-source development, and expansion into new markets. It emphasizes features like augmented reality ticket validation and advanced event analytics to provide a holistic and cutting-edge ticketing solution on the Flare Network. Together, we're building the future of event ticketing
Alex Muia -https://github.com/AlexMuia31
Timothy Agevi -https://github.com/timothyAgevi
Michael Mulika - https://github.com/mmulika
Collins Koech - https://github.com/collinskoech11
First, run the development server:
npm run dev
# or
yarn dev
# or
pnpm devOpen http://localhost:3000 with your browser to see the result.
RPC URL : https://coston.flare.network/ext/bc/C/rpc
Fund your account :
https://coston-explorer.flare.network/address/0x42Ca855E799a2891182c1859f78FFadE939f869C