Why Digital Assets will Change Events Forever

By NFTista

@afterlife_ofc
@afterlife_ofc

In recent years and months, some events have been incorporating digital assets with the aim to attract new audiences and provide added value.

Now, with blockchain technology, NFTs have the ability to enhance the customer experience in a way we haven't seen before, we now have the ability to deliver value for both the artist and attendees, creating a whole new motivation for taking part in the event.


Artists Fair Share

One example of this is Alessio Devecchi, which features his art in collab with others at different events, later going on auction in certain scenarios.

Every piece auctioned at SuperRare has been done previously to the song created previously to the event, that way creating the perfect harmony and atmosphere for the attendees and of course, the final collector of the NFT.

  • The cheapest 1/1 of the event was sold for 50ETH ($97K).

Its the perfect spot to present new NFTs, where technology, nature and humanity combine. @anyma_eva

Providing substantial value without interfering with the user experience since maybe few know the visuals are NFTs and nor should they know if not interested, but this mechanic offers many gateways for the event, the artists, and its participants to get the most out of the experience, and most importantly, paying the fair share to the creative minds while including and benefitting the community as a whole.


Immortalize the Moment

With experiences, consumers often buy certain items in order to attach them emotionally to the activity that is being done. This is why there is a clear market for souvenirs, and digital assets may be just slowly but surely moving in that direction also.

  • A great example of this is POAP:

POAPs are digital mementos, minted in celebration of a certain moment or event. Basically a gift from an issuer to collectors, in celebration of a special shared memory. By minting these memories to the blockchain, collectors build a rich tapestry of tokenized experiences that unlock a world of possibilities for the people that shared that moment or event.

Users can generate their own POAP collections to prove the places they've been to and earn bragging rights. @worthalter

Basically, a validated personal reminder of an experience in a set time, embedded into the blockchain.

These assets not only serve as a reminder of a cool moment that once happen but can also become valuable in ways many wouldn't imagine, valuable as the ticket event for the first Michael Jordan game or the First Super Bowl at the time.

"Super Bowl: How Much Did The First Super Bowl Ticket Cost?". 2022. MARCA.

Now with the blockchain, you can keep a record of the events and experiences you have undertaken, preserving it in the easiest way possible and automatically verifying it. There has literally never been an easier time to store value than now, we just need to implement it.


Tangible Progress

Within the community, many events have happened recently, these include @prooofofpeople where physical attendance was mandatory for attendees to claim their generative NFT, which could be kept, sold, or transferred by the owners.

This event was among the first to implement on-site minting and according to the community, the experience did not leave anything to be desired.

The initiative allowed for the creation of a profound link between artists and collectors, resulting in a deeper appreciation and value increment of the piece, since now it is held into an experience in and of itself.

True fans are traveling the world to meet their online heroes, contrary to the doomed version of the metaverse the media portrays these days.

@tz1UUSrrxHq647suLgAngWE481UTbzUonf9G

Another example is the upcoming event of @brtmoments, featuring @tz1Kw8cEFuNLj21e5b42NBn1ANW7hupmbDbo next work.

We have yet to see the outcome but if I were to guess, secondary activity is bound to have a different play of events compared to regular drops, since few flippers/bots will be able to get their hands into an edition, while bonds between every party attending will grow stronger, consequently, increasing its appreciation for the art and artist.

Physical attendance events is one of the directions we are taking moving forward.

@tz1PoDdN2oyRyF6DA73zTWAWYhNL4UGr3Egj


Moving Forward

As we have shared, there are multiple ways to implement NFTs technology to enhance physical experiences, but we are still well away from implementing the resource into the mainstream industry yet.

We are experiencing a blue ocean market where not much has been explored yet, and few competition exists, nonetheless, our guess is that people are starting to realize the potential this initiative has and are quickly going to catch up within niche communities like ours.

We have a new way to redistribute value among those that really care about what is being built. Getting the chance to connect with them in a way we have never seen before, and also solving the problem of solitude in web3 after only talking online, if you were to ask me.

Promoting real relationships, and a new motivation to gather ourselves and continue building the path forward.

@tz1VdEvYG8gRfDjnVgY3Pg62zBAL4FrS2SG8

Embedded media

Open embedded media

Open embedded media