An important point to make is that we are not just proposing something that we think sounds cool, we are already working on this and if fully technically viable, we plan to implement this new approach as soon as possible.
We’ve ticketed over 2000 events to date and are active in several countries. You can check out a community made datasite here that shows event info for the last 30 days.
A team picture from 2019.
Our team is steadily expanding (last headcount was about 28 people, half of which are developers) and we have a rapidly growing list of clients. We are close to breaking even with our current deals and have significant reserves from our ICO. This is all not to brag, just to give you a sense of where we are in our trajectory and to show that we are not new kids on the block looking for a handout. In fact, we are not looking for any funding from Balancer.
In short, we are setting up a way for event organizers to collatorize their future ticket sales with NFTs and generate investments up front to help them finance the costs related to organizing their events.
Balancer smart pools will be used to create liquidity and a market for these ‘tokenized ticket inventory NFTs’.
Balancer Pools will also be used to collect the incoming ticket revenue (again in smart pools) and distribute it over the investors. This will bring stablecoin liquidity to the Balancer ecosystem.
Not only is this approach completely unique within the ticketing world (our clients can’t wait for us to finish it, especially since COVID-19 has effectively nuked the event industry), but we also believe this can be a great use case of what blockchain, and more specifically DeFi can bring to the world.
We’ve done extensive research and are quite sure that Balancer is the perfect fit in terms of integration and suitability for the financing process in the way we envision it. Not only would it be an interesting use case, the implementation in the way we see it would result in significant usage and liquidity of Balancer pools from an entirely new angle.
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