Jakarta (ANTARA) – Nusa Finance, a crypto-based financial service provider, advises event organizers to start using tickets in the form of Non-Fungible Tokens (NFT) to prevent the actions of brokers and ticket bots.

Chief Executive Officer of Nusa Finance Wildan Ramadhan said, NFT tickets could be a solution because blockchain technology allows organizers to control ticket distribution.

“NFT tickets offer a solution to the existing ticket sales problems, such as unhealthy tickets war due to the use of bots, uncontrolled secondary market sales, and counterfeit ticket sales,” said Wildan through his official statement, Saturday.

Meanwhile, Nusa Finance has proven the effectiveness of NFT tickets in the Green Heroes Run event last May 20 as the provider of tickets and certificates in the form of NFT.

Green Heroes Run is a running competition to collect donations, with the mission of preserving mangrove forests.

This event has successfully obtained donations worth IDR 12,750,000 and was attended by 200 participants.

Wildan explained, the blockchain data structure allows all transactions to be connected and recorded permanently.

This is what allows event organizers to continue to have continuous connectivity to the participants from the first ticket sale onwards.

Moreover, the number of tickets, the selling price of tickets on the second market, and the royalties obtained from ticket sales can be arranged directly by the event organizer.

Apart from that, blockchain technology is also known to be very secure, because of its mechanism which does not allow data changes without validation from nodes located all over the world.

Only authorized parties can add transactions to the blockchain, thereby eliminating the frequent problem of selling counterfeit tickets or duplicating tickets.

Furthermore, Wildan said, the use of NFT tickets would be increasingly relevant to be used to reduce ticket sales monopoly which is often an obstacle for many event organizers.

Nevertheless, the adoption of the use of NFT is still limited, due to the gap between users and the world of Web 3.

Nusa Finance is a crypto-based financial service whose mission is to develop a Web 3 ecosystem that is easy to use and useful for its users.

Currently, Nusa Finance has official permission from the Ministry of Trade of the Republic of Indonesia under the Commodity Futures Trading Regulatory Agency.

Author: Bayu Saputra

Editor : Budisantoso Budiman

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