Past collectibles: How NFTs are revamping the ticketing business

The idea of nonfungible tokens (NFT) got here into existence in 2015, and it first acquired some traction in 2017 when many distinguished digital collectibles corresponding to CryptoPunks and EtherRock have been created.

NFTs acquired early traction amongst premier sports activities golf equipment however burst into mainstream reputation after digital artist Beeple’s paintings was bought as an NFT for over $69 million. The Beeple occasion caught the eye of the world and proved to be a breakout motion for the NFT ecosystem.