How NFTs are revamping the ticketing industry By Cointelegraph

Beyond collectibles: How NFTs are revamping the ticketing industry

The concept of nonfungible tokens (NFT) came into existence in 2015, and it first got some traction in 2017 when many prominent digital collectibles such as CryptoPunks and EtherRock were created.

NFTs got early traction among premier sports clubs but burst into mainstream popularity after digital artist Beeple’s artwork was sold as an NFTs for over $69 million. The Beeple event caught the attention of the world and proved to be a breakout movement for the NFT ecosystem.