South Korea's Dreamus Debuts Avalanche NFT Tickets for Events, K-Pop Concerts
South Korean entertainment and events firm Dreamus, a subsidiary of SK Planet, is now offering NFT ticketing services through SK Planet’s OK Cashbag loyalty rewards app, allowing fans to buy tickets to events like K-pop concerts and other shows as Avalanche NFTs. OK Cashbag rewards members with points for making qualifying purchases. OK Cashbag also offers games and quizzes on its Android Google Play Store app. Avalanche-based NFT tickets are available for this year’s Seoul Jazz Festival and the “Phantom of the Opera” musical. While NFT tickets were initially available for the K-pop Superpop Festival as well, the event was canceled and refunds are being issued due to “an unexpected incident” during stage installation, per the event’s official website. Considering that Dreamus manages distribution and events for prominent K-pop artists like Psy and Twice, however, it’s likely that other K-pop concerts will be added as NFT-ticketed events in the future. Justin Kim, Ava Labs’ head of Korea, told Decrypt in an interview that NFT tickets can help solve the rampant problem of bots and scalpers in the live events ticketing industry.
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