What has OPEN achieved so far?
Since 2016, the OPEN Ticketing Ecosystem has issued 5 million tickets to a wide range of events around the world, from stadium shows to comedy clubs and museums.
OPEN’s rebrand coincides with the launch of a new event financing system, which helps organizers and artists finance their events without having to rely on a traditional ticketing solution.
Planned integrations will increase OPEN’s ticket volume to 20 million tickets in the near future.
Source: OPENWhat is the $OPN token?
$OPN is OPEN’s native token, launching on March 28.
The $OPN token will be used by ticketeers to fuel all tickets processed through OPEN. OPN holders can stake their tokens to receive a portion of the proceeds from ticket sales: when a ticket holder checks in for an event, $OPN is sent from the treasury of a structured DAO to stakers.
OPEN’s ambition is to transition 1% of events worldwide to an onchain ticketing solution over the next five years – and with the onchain ticketing industry currently valued at $30 million compared to the traditional industry’s $85 billion, the team hopes to bring substantial value to the chain. , for the benefit of their holders.
Want more? Connect with NFT Plazas
Subscribe to our newsletter
Join our disagreement
follow us on twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational materials only. Individuals are required to fully research any product before making any form of investment.