Brands such as Tomorrowland and EXIT festival are using NFTs to power their live events.

Real-world use cases for NFTs are starting to gain traction for live events, and it's only a matter of time before they completely take over the space.

NFTs (Non-Fungible Tokens) can be used in various ways to enhance and monetize live events, whether they are concerts, sporting events, conferences, or other forms of entertainment. Here are 10 ways in which NFTs can be integrated into your next live event:

1. Ticketing and Access Control:

- NFTs can represent event tickets. Attendees purchase NFT tickets, which grant them access to the event.

- These NFT tickets can have unique attributes, such as VIP access, backstage passes, or special merchandise bundles, creating a tiered ticketing system.

- Smart contracts can be used to ensure that only legitimate NFT holders can enter the event, reducing the risk of counterfeit tickets.

Read Our Guide: The Complete Guide to NFT Ticketing and Token Gated Experiences for Events

2. Collectible Event NFTs:

- Create limited edition NFTs specific to the event, which can serve as collectibles for attendees.

- These NFTs can include digital art, audio clips, or video highlights related to the event.

- Holders of these NFTs may have access to exclusive content or perks related to the event.

3. Event Merchandise and Memorabilia:

- NFTs can represent digital or physical event merchandise, such as virtual t-shirts, posters, or physical items shipped to the attendee's address.

- Ownership of these NFTs can grant access to exclusive merchandise or discounts.

4. Virtual Real-Time Experiences:

- Offer NFT holders unique virtual experiences during the live event. For example, they could access a virtual meet-and-greet with the artist or get a virtual tour of the event venue.

- These experiences can be streamed or accessed through VR/AR platforms.

5. Fundraising and Charity:

- Use NFT auctions or sales to raise funds for charitable causes associated with the live event.

- Auctioning off exclusive NFTs or experiences can generate significant revenue for charity.

6. Ticket Resale and Transfer:

- NFTs can make ticket resale more secure and transparent. Attendees can easily transfer their NFT tickets to others through blockchain-based platforms.

- Smart contracts can be used to set rules for ticket resale, ensuring that the original event organizers receive a portion of the resale value.

7. Fan Engagement:

- Engage fans by creating NFTs that grant voting rights or influence over aspects of the live event, such as the setlist, encore songs, or event themes.

- NFT holders can have a say in shaping the event experience, enhancing fan engagement.

- NFT tickets and collectibles can also be used to gate special experiences, called NFT token-gated content that requires the user to verify the NFT to access.

8. Authentication and Verification:

- Use NFTs to verify the authenticity of event-related memorabilia or autographs. This can help combat the market for counterfeit event merchandise.

9. Revenue Sharing:

- Implement smart contracts that automatically distribute a portion of NFT sales revenue to artists, performers, organizers, and other stakeholders in real-time.

10. Gamification:

- Create games or challenges related to the event where NFTs act as in-game assets or rewards, adding an interactive element to the event experience.

Incorporating NFTs into live events can provide new revenue streams, enhance fan engagement, and offer unique experiences to attendees.

If any of these use cases resonate, or you're looking to jump into the world of NFTs, NiftyKit can help. NiftyKit is a no-code platform that enables you to create, manage, and distribute NFTs through our self-serve tools or API. Get started today!