Through an antiquated and inadequate ticketing system, events and concerts are passing through a complicated time. This sector has three players who control up to 80% of the income earned. Therefore, these companies don’t have enough incentives to change these circumstances properly.
As a result, unscrupulous persons are taking advantage of artists and organizers. This generates that artist loses out revenue and fan overpay for tickets. However, with the entry of NFTs, this will begin to improve significantly. In this article, you will find out what Centaurify is all about and its benefits to the NFT Event Tickets industry.
What is Centaurify?
Centaurify is a crypto startup that provides tokenized tickets with NFT & smart contract technology to prevent scalping and fraud. This will allow organizers to manage rules for the market.
🎸 By minting every ticket as a unique #NFT, organizers can exactly know who will attend their event because of traceability. This will also prevent black markets and frauds that are so common these days. 🎸
— Centaurify_Official (@Centaurify) December 24, 2021
This company is backed by Cardano, Ethereum, Solana, Polkadot, Certik, MLABS, and Coti.
Four Benefits of Centaurify in the Events Ticketing Sector
On the other hand, there are three main advantages in Centaurify:
- Empowering Artists: NFT-ticket purchases get rewards through automatic reflections, artists, and organizers. Also, they can sell via fiat on-ramps on the platform. To power the tokenomics, Fiat will be automatically converted into Centaurify tokens, $CENT.
- Rewards: Every ticket transaction has a reward executed via an automatic reflection. Pre-sales, VIP incentives, and much more are all on the way.
- NFT-Ticket Marketplace: Fiat on-ramps allow artists and organizers to sell NFT records and other NFT Event Tickets to their audience.
- Prevent Scaling: Centaurify allows organizers to set maximum re-sale price to prevent scalping. NFT-tickets are wholly traceable and hard to falsify.
#NFT ticketing solutions allows customers and fans to experience live concerts and music festivals from a different point of view.
— Centaurify_Official (@Centaurify) December 19, 2021
On the other hand, some of Centaurify’s investors are AU21 Capital, Valhalla Capital, Alves Ventures, Oracles, Investment Group, among other prestigious investment crypto companies.
How to Participate in Centaurify?
In addition, the fastest way to get involved is buying $CENT, the native token of Centaurify, which has a total supply of 1 billion tokens. When writing this article, $CENT is trading at $0.0188 with a marketcap of $2.1 million and a fully diluted valuation of $18.8 million. Therefore, you can buy $CENT in Uniswap (V2) and MEXC Global.
Finally, according to the roadmap, these are the upcoming milestones:
- Building Community
- Support in Cardano, Solana and Polkadot
- Testing NFT ticketing solution in actual life events
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