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NFTs (non-fungible tokens) may have registered as a fad for some consumers, but their authenticity has value in this space. NFTs in ticketing are projected for a 13.67% compound annual growth rate (CAGR) from 2023 to 2031, suggesting a shift toward blockchain-based ticketing. This shift allows tokenized tickets to reduce fraud, improve smart contract automation and control the secondary market by limiting unauthorized resales.
From: Stadiums Adopt New Tech to Improve Security at Live Events.
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