Qroni Smart Tickets

An article by Entrepreneur predicted NFT ticketing to be the future of live events, leisure, and tourism; an experiment that has become rigid since 2022, and is already exploding the ticketing industry — generating more than $20 billion in revenue so far.

One of the challenges of digital ticketing which NFT ticketing solves is the selling of fake tickets by phishing platforms. NFT ticketing stalls this practise by introducing blockchain encryption function to managing the data of each NFT ticket in a decentralized ledger and securing proof of ownership with timestamp.

Think of Qroniswap Smart Tickets as digitally minted NFTs using a two-way binding model realized and executed through smart contracts. This model of peer-to-peer encryption prevents the minting of fake tickets because the data needed to verify these tickets are immutably stored on the blockchain and can be accessed through authorized signatures actualized using the private keys of the holders.

Qroniswap will partner with Onramper to facilitate liquidity between NFT ticketing and fiat. This implies that users will be able to buy tickets using legal tenders [fiat] and re-sell tickets to receive fiat through this model. Additionally, institutions and large-scale event planners may use Qroniswap smart ticketing on a broader scale to mint generative and degenerative NFT tickets for their activities at home and abroad.