Witness the debut of the NFT ticketing program at the Formula 1 Monaco Grand Prix, a collaborative effort between Polygon, Elemint, Bary, and Platinium Group, revolutionizing the world of live events with blockchain technology.
The Formula 1 Monaco Grand Prix will serve as the debut of an exclusive NFT ticketing scheme that was developed in collaboration with Polygon, Web3 startups Elemint and Bary, and Platinium Group, the leading ticketing provider for F1 events globally.
Participants in the legendary F1 race, scheduled for May 26–28, will get personalized, non-falsifiable NFT tickets, which also serve as digital collectibles and one-of-a-kind keepsakes to remember the occasion.
As time goes on, NFT tickets will serve as a digital key to unlock extra perks like post-race hospitality or discounted Grand Prix tickets, as well as to reward faithful Formula 1 event attendees.
Due to their traceability, programmability, and inability to be replicated, NFTs are the ideal replacement for paper tickets as they solve many of the issues associated with traditional ticketing systems.
NFT ticketing: all information
Elemint and Bary have announced a collaboration with Platinium Group in order to revamp the Formula 1 ticketing process using a new ticketing platform that will be powered by Polygon, as was expected.
This new service, which will be accessible throughout the competition—from practice to qualifying to the race itself—will make its debut during the legendary Formula 1 Monaco Grand Prix.
Elemint has specifically developed a safe platform that enables customers to obtain a distinct, unchangeable digital ticket (in the form of an NFT) that will be printed on the Polygon blockchain.
One advantage of employing NFTs and blockchain technology is that it helps stop the selling of tickets on the black market and the issuing of fake tickets.
For each Formula 1 Grand Prix, NFT tickets will be offered as digital collectibles, and after the race, each one will become a special digital memento.
Additionally, the tickets and souvenirs are individualized; in fact, each one has a key and will display different iconic parts of the Monaco Grand Prix circuit, such the hairpin, the Sainte-Dévote, or the Casino.
Platinium Group, the largest ticket seller for all Formula 1 Grand Prix events, Elemint, a specialized Web3 firm, and Bary join together to provide Formula 1 fans with a more interactive and secure ticketing experience that will also reward loyalty.
Observations regarding the new NFT tickets produced in collaboration with Polygon
The following is what Urvit Goel, Vice President and Head of Global Business Development at Polygon Labs, had to say about the information:
Working alongside Elemint, Bary and Platinium Group will reinvent the Formula 1 ticketing experience.
The ticketing platform combines the robust security of Ethereum with the counterfeit-proof uniqueness of NFT to enhance ticket authenticity and prevent counterfeit while providing fans with lasting digital memories.
It is extremely encouraging to see major events recognizing the benefits that NFT tickets and blockchain technology can offer
Elemint CEO Jacques-Henri Eyraud also showed his enthusiasm for the undertaking:
Web3 technologies make it possible to design ticketing solutions that are safer and more suited to the specificity of each event. The experience becomes more personalized and enjoyable for fans of all types of sports competitions.
Applications Developed Using Elemint’s Web3 Technologies Will Completely Transform Fan Experience and Relationship with Sports Events for Years to Come.
Co-founder of Bary Elie Zerbib said the following:
We are thrilled to present a revolutionary breakthrough in Web3 and sport with this solution developed for the 2023 Monaco Grand Prix.
By collaborating with the organizers of this legendary event and Elemint, we have been able to offer a secure, transparent ticketing solution and immersive that will pave the way for many others.
