Key Takeaway:
- New York City music venue, Le Poisson Rouge (LPR), partners with KYD Labs for on-chain ticketing system using Aptos blockchain
- LPR becomes the first major U.S. venue to fully transition to on-chain ticketing
- Aptos blockchain technology offers benefits such as improved ticketing experience, transparent mechanisms for loyalty programs, pricing, and booking rates
- KYD Labs assists LPR in leveraging blockchain technology for enhanced fan experiences and artist engagement
LPR Partners with KYD Labs for On-Chain Ticketing
Le Poisson Rouge (LPR), an iconic music venue in New York City, has entered an exclusive partnership with live event ticketing platform KYD Labs to bring its ticketing system on-chain. The collaboration, announced by Aptos Labs, will see the Aptos blockchain power all of LPR’s shows and tickets, making it the first major U.S. venue to fully transition to on-chain ticketing.
Aptos Blockchain Technology Revolutionizes Ticketing
This partnership between LPR, KYD Labs, and Aptos represents a significant milestone for Web3 as it offers event goers and music fans a new on-chain ticketing experience. With hundreds of thousands of tickets per year moving to on-chain ticketing, Aptos’s CTO believes this transition will provide better interoperability, direct connections between event organizers and buyers, easy promotions, and verified secondary sales.
Benefits of Leveraging Aptos Blockchain Technology
KYD Labs will assist LPR in tapping into the benefits of blockchain technology to enhance the ticketing experience for fans. By leveraging Aptos’s technology, LPR can monitor secondary ticket sales and offer transparent mechanisms for loyalty programs, pricing, and booking rates. Additionally, artists can further engage with fans through on-chain initiatives, creating a more interactive and seamless experience for all stakeholders.
