Sports Illustrated has made a significant move by transferring its nonfungible token (NFT) ticketing platform to Avalanche. The collaboration between SI Tickets and Ava Labs, the developers behind Avalanche, means that Box Office’s NFT tickets will now be created on the Avalanche network.
SI Tickets CEO David Lane believes that NFT ticketing will revolutionize the ticketing industry, providing more engagement opportunities for event owners and attendees. Traditional tickets often end up discarded after events, but NFT tickets offer a new way to interact with and preserve these tickets.
In another development, Animoca Brands’ Mocaverse, crypto exchange KuCoin, and Web3 wallet Halo are working together to streamline cross-platform identity. They are combining Mocaverse’s nontransferable NFT digital identity called “Moca ID,” KuCoin’s user accounts, and Halo’s Genesis membership pass to create a more seamless on-chain identity experience in the Web3 ecosystem. This collaboration aims to address the challenges of accessing benefits across different Web3 sub-ecosystems.
Meanwhile, collectible firm Panini has announced the launch of a digital Donruss Elite card set on the Panini Blockchain, featuring WWE superstars such as John Cena, Steve Austin, and Roman Reigns. This move follows WWE’s previous ventures into the world of NFTs, including the release of NFT collections in 2021 with exclusive benefits like front-row tickets to Wrestlemania.
Lastly, Yuga Labs has acquired Proof, the creators of popular NFT collections such as Moonbirds, Oddities, Mythics, and Grails. This acquisition includes Proof’s assets, intellectual property, and team members, with Proof’s founder and CEO, Kevin Rose, joining Yuga Labs as an adviser.
That wraps up this week’s highlights in the NFT space. Stay tuned for more updates and insights into this rapidly evolving industry.