What has OPEN achieved up to now?
Since 2016, the OPEN Ticketing Ecosystem has issued 5 million tickets for a wide selection of occasions throughout the globe, from stadium exhibits to comedy golf equipment and museums.
OPEN’s rebranding coincides with the launch of a brand new occasion financing system, serving to organizers and artists to fund their occasions with out counting on a standard ticketing answer.
Deliberate integrations are set to spice up OPEN’s ticket quantity to twenty million tickets within the close to future.
Supply: OPENWhat’s the $OPN token?
$OPN is OPEN’s native token, which can launch on March twenty eighth.
The $OPN token will likely be utilized by ticketeers to gasoline all tickets processed by way of OPEN. Holders of OPN will likely be ready stake their tokens to obtain a portion of the yield from ticket gross sales: as a ticket holder checks into an occasion, $OPN will likely be despatched to stakers from the treasury of a structured DAO.
OPEN’s ambition is to change 1% of occasions worldwide to an onchain ticketing answer within the subsequent 5 years – and with the onchain ticketing business presently valued at $30 million in comparison with the $85 billion of the standard business, the group hopes to deliver substantial worth onchain, to the advantage of their holders.
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