Successful test run of disruptive ticketing system “Ticktory”
The P-ton venture Ticktory is a digital ticketing system with the potential to revolutionise the market for tickets. This is because every digital ticket is unique, which makes the tickets absolutely tamper-proof on the one hand and transparent to resell on the other. It’s motto: fair, safe and honest.
In October 2021, Ticktory proved its practicality in a beta test: The ticketing system not only works in the real world, it also lives up to its claims.
Event tickets are the focus of Ticktory. This was also the case at the trial run on 16 October 2021: MOCA – the abbreviation stands for Museum of Crypto Art – exhibited some of its digital works of art at the GOP Varieté-Theater Kaiserpalais Bad Oeynhausen. Guests used the Ticktory app to validate their tickets and gain admission.
A brief excursion into the technology
The Ticktory system is based on blockchains, i.e. blocks of information that are strung together like the links in a chain. The blockchain is the basis for non-fungible tokens (NFT), a digitally protected object that cannot be replaced. Each of these blocks contains certain data about the object as well as its own so-called hash value and that of the previous block. A hash value can be compared to a fingerprint in digital form. It is always unique and thus serves to identify a particular block. Ticktory uses NFTs for the tickets, so they are also unique and fraud-proof.
Numerous digital artists also use NFTs to mark their computer-generated artworks as unique pieces. Which creates also a market for these: for example, a crypto artwork fetched $69 million at Christie’s auction house in March. This has given digital art a lot of attention. For many digital artworks, MOCA is the virtual home. The museum aims to promote and popularise digital art, as the democratisation of digital art is one of the central themes of MOCA.
Digital art should not only be experienced on the screen
Ticktory, MOCA and the GOP wanted to open the door to the real world for artists from the digital world.
The managers of the GOP therefore invited MOCA and some of the creative artists from the MOCA “Community Collection” to exhibit their art in the Varieté Theatre Kaiserpalais Bad Oeynhausen. Almost 100 invited guests accepted the invitation. They used the evening to immerse themselves in the 50 digital works of art – photos, animations and videos.
The “admission ticket”, i.e. the NFT ticket, remains stored forever as a digital collector’s item and digital memory in the visitor’s smartphone. This individually designed ticket can also be regarded as a digital work of art or collector’s item – similar to the way tickets were once stuck to the fridge. And as with any good event, a vibrant party was held in the imposing setting of the Kaiserpalais.
For Ticktory, the evening was a great success. Not only because it was one of the first real-life events worldwide for the emerging digital art world. But above all, Ticktory proved its practicality: The app’s ease of use was always a focus during development. Even if the underlying technology is novel and may seem difficult to understand for some users, the handling must be intuitive and simple. This has been achieved (more on this in the video).
The collaboration between Ticktory, the GOP and the Museum of Crypto Art is no coincidence, by the way. Dennis and Kevin Grote, managing directors of the GOP Entertainment Group, have long been interested in blockchain technologies and the potential they have for transparency and fairness in ticket sales. Both are involved with Ticktory as friends and advisors. Ticktory CTO and NFT pioneer René Schmidt, in turn, is a co-founder of MOCA.
With the innovative exhibition based solely on the use of novel technologies, Bad Oeynhausen played host to a pioneering new digital world.
If you want to learn more about Ticktory, visit www.ticktory.com or contact: