What would happen if the concert ticket became an NFT?

If concert tickets became NFTs, they could offer several benefits and challenges:

1. **Authenticity and Security**: NFTs, created through blockchain technology, are tamper-proof and cannot be copied. This ensures the authenticity of the tickets and allows tracking of their provenance and holders, adding security.

2. **Preventing Scalping**: NFTs can record complete transaction histories, making it easier to track ticket sales and prevent overpricing. However, offline scalping can still occur if scalpers transfer NFT ownership face-to-face.

3. **Smart Contracts**: Smart contracts can set rules to prevent high-price reselling and combat scalping. For example, the ERC-7439 protocol allows ticketing companies to set rules like "no transfer" or restrict transfers to specific managers.

4. **Secondary Market Profits**: NFT tickets can be resold or traded in the secondary market, potentially increasing in value based on public expectations. Event organizers and performers can earn a profit-sharing fee from each resale, creating sustainable income.

5. **Exclusive Fan Experiences**: NFTs can be updated before or after events, allowing for a longer-term relationship with fans. They can also serve as tokens for priority purchases or exclusive experiences, creating a token-gated experience for supporters.

Despite these advantages, adopting NFT ticketing solutions requires careful evaluation of technical thresholds, costs, and specific needs to ensure they bring benefits without increasing burdens.