Learn how you can complete the tasks required for the Catizen game with this tutorial.

 task and you will be redirected to the game in Telegram. 

. Once you have done this, you will have completed this task!

Beginner

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Catizen Telegram GameFi On-Chain Task Tutorial

LightLink is a Layer 2 blockchain network with functionality for individuals, decentralized applications and enterprises. Learn more here.

 has evolved and its digital innovations grown more prevalent across various aspects of business and society, various challenges have arisen. Although blockchain tech offers decentralization, transparency and 

 security, issues such as difficult user experiences, expensive transaction fees and problematic scalability persist. Now, LightLink

 is addressing these issues through its innovative architecture and features.

 blockchain network with functionality for individuals, 

 (DApps) and enterprises. It addresses common blockchain technology issues and provides gas-free transactions.

’s advanced data availability solutions in its architecture and features. It provides a streamlined, superior user experience, lower transaction fees and enhanced scalability as compared to on-chain Ethereum transactions. At the same time, it utilizes 

 (DeFi) and security attributes from Ethereum 

. While LightLink uses existing Ethereum tools, it provides a viable alternative to the 

 (EVM). By empowering users and developers to have a better experience, it moves blockchain tech into the future.

LightLink launched in 2017 to leverage existing Ethereum tools while processing transactions off-chain. Its co-founder and CEO, Roy Hui, partnered with Pellar Technology for development. Lightlink enables instant and gasless transactions with security and speed, and has rapidly been adopted by enterprise and personal users and for DApps. In fact, there are now more than 215,000 LightLink wallets, and it ranks in the top 10 

The LL native token was launched in April 2024. LightLink is backed by Animoca Brands, MQDC, T&B Media Global, B3V and others. Its core advisors are Ryan Horn, Mehdi Farooq and Nathan Lenga.

LightLink aims to address issues that have plagued early blockchain tech adopters, including expensive gas fees and the uncertainty of transaction fees until the completion of a transaction. It also strives to improve the speed of transaction throughput, as compared to other blockchain networks, and aims to create an interconnected DeFi economy by bridging DApps.

LightLink, an alternative to the EVM, processes transactions off-chain and then compresses multiple transactions using a sequencer mode. Its transaction throughput is greater than that of Ethereum because it utilizes rollup tech to provide gasless transactions and faster processing speeds. Enterprise users and individual users benefit from LightLink’s compatibility with Celestia’s solutions, which enables instant processing of multiple transactions without gas fees.

LightLink offers an alternative to on-chain Ethereum transactions. Its many features combine to deliver a superior experience, enabling users to benefit from full access to DeFi benefits with a focus on speed, security and affordability.

Enterprise Mode is among LightLink’s key features. It supports gas-free transactions via a 

 wallet via a direct process, allowing developers to establish a contract address whitelist by paying a monthly subscription fee. 

The developer’s subscription fee subsidizes users’ fees for DApps. As a result, LightLink's 

 empowers users to use the whitelisted apps without being charged gas fees. Additional benefits of LightLink's Enterprise Mode are a fixed fee, multiple transactions processed without fees and access to LightLink’s enterprise partners.

LightLink’s bridge enables users to convert their crypto assets easily and efficiently. Users specify the token type and amount they want to bridge. The bridge functions with both Ethereum and BNB Smart Chain. After the user connects their wallet and finalizes their transaction, the order is executed, and the user can see the estimated time to transfer before order execution.

 from which to choose. Zonic NFT Explorer allows users to view their utility tokens in an NFT format. LiteFlow NFT Explorer supports marketplace trading for all NFTs. The Blockscout Explorer provides users and developers with detailed stats on smart contracts, gas fees, blocks, 

Bolt is a LightLink plugin that supports the development of decentralized gaming apps. It uses Enterprise Mode to support high volume and gasless transactions. In addition, the plugin uses smart contacts to support token minting that connects with the game’s results.

 fosters continued advancements in blockchain technology through grants, collaborations and partnerships. It identifies projects that advance DApps and other aspects of blockchain technology.

LightLink reached several milestones from the time of its launch in 2017 through 2022: the development of its digital wallet and supporting technology, the completion of token contract and blockchain audits, and the establishment of partnerships in the APAC region and with investment banks. During the first half of 2023, both the Testnet and private Testnet went live, and the Translucia metaverse and the Testnet bridge launched. 

In addition, the network completed the migrations of Tridentity and 

. Later in 2023, the platform made headway on its 

 and the integration of Celestia and Pyth. Through the end of 2024, attention will be focused on DA exploration, sequencer decentralization and 

LL, the LightLink native token, was launched on Apr 24, 2024, it plays a role in governance and yields rewards for holders and stakers. Total token supply is 1 billion, with allocation as follows: 

As of May 8, 2024, the LL token’s price is $0.08511, which reflects a decrease of 8.2% over the past 24 hours. Market cap is $6.9 million, and 24-hour trading volume is $7.8 million.

 $0.1083 by the end of 2024 and surge to $0.999 by 2030. This positive sentiment is 

 from DigitalCoinPrice, which believes that LL’s price will reach $0.19 by the end of 2024 and increase to $0.65 by 2030. 

Looking to trade LightLink tokens? Bybit now offers the LL/USDT Spot trading pair. To get started, you’ll need to first create a Bybit account, fund it with cryptocurrency and navigate to the 

All crypto investments have associated risk due to the volatile crypto market. LL is expected to increase in the future, and may therefore be considered as a 

. The platform provides seamless integration with existing Ethereum tools, along with off-chain transaction processing for a better user experience. With this in mind, the project may continue to grow in usage. Always 

 before making any cryptocurrency investment.

LightLink offers seamless integration with Ethereum and other networks to offer optimized utility for users. With functions such as its Enterprise Mode, scalable architecture and the ability to leverage existing Ethereum tools, LightLink empowers users to complete multiple transactions quickly and without gas fees. Add in its DEX applications and overall functionality, and LightLink empowers users with a better blockchain experience.

Intermediate

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LightLink (LL): Empowering Blockchains With Gas-Free Solutions

Injective is collaborating with Arbitrum to enhance its inEVM network by leveraging Arbitrum's Orbit stack to improve its bespoke EVM infrastructure.

The SPX index is down 0.03%, influenced by losses in major tech companies. Market focus stayed on corporate earnings and the Federal Reserve's policy direction, amid varied statements from Fed officials. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 1.39% and 3.17%, respectively in the past 24 hours.

Today’s outperformer is RUNE, which jumped 8.0% after THORChain rolls out THORNode v132 with Enhancements for Loan Execution and Lower Gas Fees.

THORChain (RUNE), founded in 2018, is a decentralized protocol allowing asset swaps across different blockchains, enhancing the DeFi space with its cross-chain liquidity feature. Unlike traditional AMMs limited to single blockchains, THORChain facilitates trades between incompatible networks using the Cosmos SDK. THORChain announced the release of 

, which includes significant improvements to the mainnet. Key updates include: the TOR depth fix restoring functionality to 95%, ensuring optimal loan openings and closings; a reduction in dynamic outbound fee multipliers resulting in much lower gas quotes, particularly a 6.14x decrease for BTC and a 2x decrease for ETH swaps; ejection of remaining BNB balances in preparation for the final stage of the Ragnarok process; and successful processing of remaining AVAX/BSC observations with a recent incident mitigated. Further quality of life enhancements are expected in the upcoming version.

Check Out the Latest Prices, Charts, and Data of 

 to enhance its inEVM network by leveraging Arbitrum's Orbit stack to improve its bespoke EVM infrastructure. This partnership allows inEVM to provide seamless, efficient, and cost-effective transactions, along with access to a broader set of development tools that were previously exclusive to Ethereum L2 solutions. inEVM is now able to use INJ as its native gas token, a novel approach for L2 rollups, and offers familiar development tools like Hardhat and Foundry, all while maintaining fast speeds and low fees. The integration also supports cross-chain compatibility with Ethereum, Injective, and other major blockchains like Cosmos and Solana, enhancing asset and liquidity transfers across these networks. Additionally, inEVM transactions are included in Injective's Burn Auction, which burns a portion of all protocol fees weekly, adding value to the Injective ecosystem. This collaboration marks a significant step toward a more interconnected and democratized blockchain landscape.

Bitcoin (BTC) dropped 1.31% amid negative influences from hawkish Federal Reserve comments and SEC activities, continuing a downward market trend. Ethereum also fell, further impacted by Grayscale withdrawing an Ethereum Futures ETF application. The broader crypto ETF market mostly recorded net outflows, highlighting investor sensitivity to Fed policies and SEC actions.

The new airdrop strategy focuses on optimizing benefits from participating in multiple cryptocurrency projects simultaneously. By depositing ETH at Etherfi and adding liquidity to the weETH-ETH pair on Nile Exchange, participants can earn various rewards including Etherfi Loyalty Points, Linea Surge LXP-L, EigenLayer Points, and potential Nile Airdrop Rewards. The step-by-step guide involves staking ETH on Etherfi to receive weETH tokens, and then using these tokens alongside ETH to add liquidity on Nile Exchange. Additionally, participants are encouraged to activate their Linea Surge Account to qualify for an upcoming snapshot and maximize their benefits, with options suggested for both limited and ample funding scenarios to ensure eligibility for various benefits. 

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Injective Partners with Arbitrum to Enhance inEVM, Boosting Cross-Chain Interoperability and Efficiency

Catwifhat (CWIF) shares the spotlight with Dogwifhat (WIF) on Solana, boasting a unique deflationary feature and a growing holder base in the cat-themed meme coin frenzy.

Cat-themed meme coins have recently been all the rage on 

 (MEW) and Popcat (POPCAT) clearly shows that the crypto community is highly receptive to meme coins whose story revolves around cute felines. 

In December 2023, another meme coin project riding the current "catomania" wave emerged on Solana. Catwifhat (CWIF), however, is unlike the majority of other cat-themed meme coins: it has a unique deflationary property that might pique the interest of the most conservative among crypto investors, in addition to the hordes of meme coin enthusiasts. Four percent of each transaction involving the CWIF token is burned, gradually reducing its total supply while increasing its scarcity, and, hopefully, its value as well.

 (CWIF) is a Solana-based cat-themed meme coin. 

It's one of the several projects contributing to the current wave of popularity surrounding cat-themed cryptos on Solana and other blockchains. Featuring a unique deflationary property, Catwifhat 

 4% of each transaction, significantly reducing its overall supply and marking it as among the most aggressive deflationary characteristics in the industry.

The CWIF token was launched in December 2023, with an initial supply of 77.78 trillion. Less than five months on, the token's aggressive supply-reducing mechanism has driven its total supply to about 36.5 trillion (as of May 7, 2024), with more than half (53%) of the initial supply burned. Currently, nearly half a trillion CWIF tokens are being burned every month.

In addition to the main CWIF cryptocurrency, the Catwifhat developer team has also released the Pixel Catwifhat 

 collection, whose pixelated cats comprise 1,000 items and feature 13 different cat hats as one of its key features. Enjoying significant popularity among NFT enthusiasts, the collection has some of its most valuable items, featuring asking prices of up to $100,000. Currently, Cat #189 is the Pixel Catwifhat NFT with the highest asking price, at 1,035 SOL ($150,417) on the popular Solana marketplace 

The Catwifhat project was undoubtedly inspired by an earlier meme coin, Dogwifhat (

), which was launched in November 2023. Themed around a Shiba Inu dog wearing a hat, Dogwifhat quickly became a meme coin sensation. By early 2024, the WIF token rose to the third position in market cap rankings among meme coins, behind the well-recognized leading duo — Dogecoin (

). As of May 7, 2024, WIF has amassed a market cap of $3.4 billion.

Compared to WIF, CWIF's market cap of $18.66 million looks exceedingly modest. However, it’s seen an impressive growth spurt within just one day.

Additionally, CWIF's exhaustive supply (measured in tens of trillions), active airdrop campaigns and extensive reach among meme coin enthusiasts ensure that the token is ahead of WIF by a mile when it comes to the sheer number of holders. According to some estimates, the unique number of WIF users was around 69,000 in mid-April 2024. On the other hand, the CWIF project claims to have a holder base of over 1.2 million.

The popularity of the cat with a hat meme has led to the launch of several (to be precise, four at the moment) tokens all sharing the same name, catwifhat, but using different capitalization styles and tickers — CatWifHat (CATWIF), CatwifHat (CIF), and catwifhat (CATHAT).

At least two of these, CATWIF and CATHAT, are recent entrants to the market and are likely attempts to piggyback off CWIF's popularity. The CIF token, despite being launched around the same time as CWIF, is also hardly a competitor to the latter; it has been embroiled in at least 

 events, and is far less popular than CWIF among meme coin enthusiasts.

A cursory look at the four tokens' typical trading volumes also speaks volumes, no pun intended, about their relative popularity. As measured on May 7, 2024, the 24-hour trading volume for CWIF stood at around $4.79 million, while CATWIF, CIF and CATHAT registered volumes of under half a million, around $15,000 and under $150, respectively.

The CWIF token is still not widely available on major 

 (JUP) and FluxBeam (FLUXB) — offer CWIF swap pairs. Currently, you can buy CWIF with Solana's native SOL token on FluxBeam, while Jupiter offers two cryptos for buying CWIF — SOL and 

The popularity of cat-themed meme coins is skyrocketing, and the CWIF token is at the forefront of this surge. While the token still features a relatively modest market cap, at least in comparison to the likes of Dogwifhat, Dogecoin and Shiba Inu, it has already amassed a highly impressive 1.2 million user base. Many of these have been attracted by the image of a cute cat sporting an adorable hat. Also, it wouldn't be a stretch to say that the token's unique 

 mechanism has lured a good chunk of this user base.

As CWIF transactions heat up, that 4% burn rate ensures that the token's supply decreases quickly, and with the decrease in supply comes the value of scarcity. Those who hold onto CWIF for a longer while might find themselves in possession of a truly scarce and valuable asset in the future — that is, of course, if the crypto community's obsession with cats stays strong.

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Catwifhat (CWIF): Sharing the Throne With Dogwifhat (WIF) on Solana

Bybit Learn

Web3 Experts

Join us in the fourth installment of the Learn Web3 with an Expert series where we share more insights on how NFT tickets offer a new dimension for experiences.

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Concert tickets have long been treasured keepsakes for music enthusiasts, serving as tangible reminders of memorable live experiences. However, in today's digital age, paper tickets have been replaced by electronic versions such as PDFs and QR codes, diluting their sentimental value and collectability. Still, a new technology is emerging that has the potential to change the way we buy and use concert tickets — non-fungible tokens (

 on Bybit Learn, we aim to demystify these complex topics and provide insightful perspectives from industry leaders. Join us in this fourth installment as we invite four experts — Bobby Chow from LightCycle, Sjuul from AltCryptoTalk, Ran Neuner from Crypto Banter, and Jenny from Bybit Web3 — to share their insights on how NFT tickets offer a new dimension for experiences like Robbie Williams’ first-ever concert in the metaverse. 

NFT tickets are a new form of event entrance pass created using non-fungible tokens. These tickets use blockchain encryption to verify the identity of ticket holders and prevent fraud

NFT tickets offer ticket holders unique digital assets and exclusive experiences related to the event they’re attending.

Unlike conventional digital tickets that use barcodes or QR codes, NFT tickets are more secure, traceable and interactive. They can be used for any live or virtual event, such as concerts, festivals, sporting events and conferences.

NFT tickets are digital passes that are stored and managed on a blockchain, ensuring the ownership and origin can be verified securely. This innovation helps reduce ticketing issues commonly associated with conventional models, such as counterfeiting or double-booking.

Event organizers create an NFT template for their tickets with the required data fields and ticketing logic. This template is then uploaded to a blockchain for storage and management. Most NFT tickets today follow the ERC-721 standard on the 

Users can snag NFT tickets using cryptocurrencies or fiat currencies from marketplaces, websites or apps. Upon purchase, they receive a digital asset (NFT) proving their ticket ownership. This asset is stored in their 

, a type of software that allows users to interact with the blockchain.

When attendees arrive at the venue, they must present their NFT tickets to gain entry into the event. These digital tickets will be compared to a list of validated digital assets stored on the blockchain. If a match is found, ticket holders will be granted entry to the event. This entire process can be automated using 

 — coded agreements that automatically execute once the required conditions are met.

Users can resell their NFT tickets on secondary markets, such as 

. They can even transfer them to other buyers, who can then use them to access the event. Event organizers can also set up 

 or fees paid to the original seller whenever the NFT is resold. This setup can create a new revenue stream for both organizers and creators.

Robbie Williams ‘Beyond Reality in LightCycle’ Virtual Concert Ticket

One of the most prominent examples of NFT tickets is the upcoming 

 of pop star Robbie Williams, who is celebrating his 25th anniversary making music. The concert, titled 

Robbie Williams Beyond Reality in LightCycle — A Virtual Music Experience

, will feature the English singer-songwriter performing in various virtual environments, such as a futuristic city, a space station and a fantasy world.

 is the official NFT marketplace selling NFT tickets and collectibles for the concert. The 

 grants its holders access to perks, such as a unique collector’s edition digital ticket, meet-and-greet sessions, signed merchandise and virtual perks. These NFT tickets can also be resold or traded on the secondary market so they may increase in value over time.

Compared to traditional tickets, NFT tickets offer several advantages, for both event organizers and attendees.

At a recent roundtable on the future of virtual concerts and NFTs held by Bybit Web3 and LightCycle, Sjuul, the founder and CEO of AltCryptoTalk and also known as AltCryptoGems, talked about the space-transcendental benefits a virtual concert and NFT brings. 

Highlighting the way these digital innovations are reshaping the music industry, Sjuul said, "First of all, the virtual concert itself … because it's now virtual, a lot more people are able to attend," he observed, pointing out the increased accessibility that virtual platforms offer. This eliminates geographical barriers, allowing fans from across the globe to experience live music events without the need for physical travel.

He further noted the commercial advantages, stating, "I think that way, commercial-wise, a lot more people are able to buy a ticket and go to the actual concert." This inclusivity not only benefits fans, but also opens up new revenue streams for artists and event organizers.

AltCryptoGems also touched on the burgeoning market for virtual merchandise and experiences sold through NFTs. "I've seen stories about virtual merchandise being sold [as] NFTs," he remarked, highlighting the expanding ecosystem of digital collectibles and experiences. In addition, the phenomenon of virtual reality experiences being sold as NFTs underscores the innovative ways in which artists can engage with their audiences, offering immersive and interactive experiences beyond the concert itself.

Bobby Chow, co-founder and co-CEO of LightCycle, shared his enthusiasm for the innovative possibilities that the metaverse platform LightCycle offers for concert experiences. Highlighting the upcoming Robbie Williams virtual concert, he notes the limitations of physical concerts, such as fixed stage designs and constraints on lighting, display and sound effects, which are non-issues in the virtual environment of LightCycle. "Within LightCycle, those limitations just don't exist," Chow states, giving artists and producers unlimited expressive freedom in crafting the concert experience.

He emphasizes the goal of delivering a concert experience that diverges significantly from traditional live events. The team behind LightCycle is working diligently to harness this creative potential, aiming to showcase these capabilities in Robbie Williams' virtual concert. 

Chow also touches on the partnership with Bybit, which serves as the official NFT marketplace for LightCycle. This collaboration is strategic in addressing concerns about security and authenticity in the NFT and crypto spaces, where scams can be prevalent. "So the onboarding of clients, the inner ticketing purchase will be safe and secure," he assures, underlining the importance of a trustworthy platform for ticket sales.

Bobby Chow concludes with a promise of further details to come, signaling ongoing efforts to refine and enhance the metaverse concert experience. This collaboration between LightCycle and Bybit is a deliberate step toward merging innovative digital experiences with the security and trust traditionally found in physical event ticketing.

New uses for NFTs can be explored in various formats, as follows.

The Use of Traditional Tickets in Concerts

Traditional tickets, typically physical or printed, are issued by concert organizers or venues to grant event access. They usually feature a barcode or QR code for scanning at the entrance, along with details such as date, time, location and seat number. Some may even have additional security features, like holograms or watermarks, to prevent fraud.

Traditional tickets can serve as cherished mementos for attendees, and some concertgoers like having physical memorabilia. In addition, they’re easy to pass on to others, without the need for online registration.

However, traditional tickets are prone to loss, theft or damage, potentially resulting in denied entry or costly replacements. They may also be more expensive and time-consuming to produce and manage as compared to digital options. 

Traditional Concert Tickets vs. NFT Concert Tickets

Both types of tickets serve the same purpose — namely, granting access to a musical event, such as a concert or festival. They can be bought online or through authorized sellers, and are scanned for entry validation.

However, the differences are notable. Traditional tickets can be either physical or digital, but are typically used once and hold no resale value. In contrast, NFT tickets are non-fungible tokens representing unique digital assets verified on the blockchain, and can often be seen as art pieces as well. They can be resold or traded at online marketplaces that are accessible to more people, with their value fluctuating based on demand. NFT tickets also offer exclusive benefits, such as backstage passes or meet-and-greets with performers. They offer better security, transparency and flexibility as compared to traditional tickets.

The Transition of Traditional Tickets to NFTs

The shift from traditional tickets to NFTs is reshaping the music industry and beyond, with more artists and platforms embracing NFT technology. This evolution isn’t merely a shift in how tickets are distributed, but rather a transformative movement that enhances fan engagement, ownership and the value of memorabilia, as highlighted by insights from industry expert Bobby Chow, Co-Founder & Co-CEO of LightCycle.

Bobby Chow emphasizes the empowerment of fans through NFT tickets, which offer a sense of ownership and control over their concert experiences. This new form of ticketing goes beyond simple event access, presenting fans with a digital asset that retains value post-event. NFTs introduce fans to exclusive content, access to special events and novel features such as virtual concerts, thus redefining the traditional fan experience into something more interactive. Robbie Williams' inaugural NFT launch exemplifies this shift by providing fans with an immersive experience that goes beyond traditional ticketing.

In addition, this new vehicle influences fans' behaviors and attitudes. They engage with their NFT tickets differently, sharing them on social media or in virtual spaces and promoting a sense of community. Fans also may enjoy collecting NFT tickets as digital memorabilia.

Looking Ahead: Breakthroughs and Partnerships

Bybit Web3 evangelist Jenny Zheng spoke about the opportunities and potential for NFTs to amplify the fan experience. She views the Robbie Williams virtual concert in LightCycle as more than just a singular event, seeing it as a testament to the metaverse's potential within the music industry. She believes this concert symbolizes a breakthrough, highlighting the way virtual spaces can transcend geographical limits and offer richer, more immersive experiences to users. "It's kind of like a testament and glimpse into the potential of the metaverse for the music industry," she explains, emphasizing the role of platforms like Bybit in facilitating access to these innovative web3 features.

Zheng notes that Bybit serves as a trusted gateway, enriching the metaverse with tools like NFTs, which enable unique experiences like backstage access, limited edition merchandise and even DAO participation for deeper fan engagement. "We can also attach more, give more tools to the metaverse such as NFTs, that offer unique experiences," underscoring the transformative potential of these technologies in fostering a closer connection between fans and artists.

Furthermore, Z.heng describes how tokenization on platforms like Bybit can introduce 

, creating new revenue streams for artists and democratizing music investment. This approach not only benefits artists, but also empowers fans by offering them a stake in the music they love. "So you can find all these amazing web3 features on Bybit … we can definitely make web3 and metaverse in the music industry mainstream," she concludes. 

Zheng’s vision showcases an optimistic vision for the integration of web3 technologies into the mainstream music industry, facilitated by platforms that bridge the gap between traditional music experiences and the burgeoning world of the metaverse.

Owning digital assets such as NFT tickets grants fans certain advantages and more control. They can verify and authenticate their tickets on the blockchain, and they have the freedom to transfer or dispose of them as they wish. Ownership may come with perks like royalties or voting power, depending upon the platform's smart contracts.

Digital asset ownership also confers a sense of scarcity and value. Fans can own unique, limited editions of tickets that may appreciate in value over time, based on event demand and artist popularity. This structure provides opportunities for investment, trading or even charitable donations, depending upon market trends. 

Reshaping the Concept of Concert Memorabilia

The transition to NFTs is reshaping the concept of concert memorabilia, moving it from the physical to the digital realm and transforming it into enduring, secure digital collectibles. These NFTs, enhanced with features like animation and interactivity, evolve from mere access tools into valued keepsakes, marking a significant departure from traditional, often ephemeral, concert memorabilia.

NFT tickets change memorabilia from fleeting to enduring. They’re stored on the blockchain, ensuring their permanence and security. Fans can verify their NFTs’ authenticity and trace their history. Artists like Robbie Williams can engage and grow communities by providing access to exclusive content and opportunities to participate in fan communities.

At the same roundtable, Ran Neuner, CNBC trader and founder of Crypto Banter, shared enthusiastic views on the evolution of the NFT space, emphasizing the importance of tangible utility behind digital assets. He expresses a keen interest in NFTs that offer real-world applications beyond mere digital ownership. 

"I love the NFT space's use cases for the actual NFTs," he states, critiquing the earlier trend of highly-priced NFTs that offer little beyond digital bragging rights. He points out a shift away from the superficial aspects of NFT ownership toward more meaningful engagement: "I think we're slowly realizing that those days were actually just nothing."

Highlighting examples of this evolution, Crypto Banter praises projects such as Pudgy Penguins for leading the way in transforming NFTs into licenses for physical merchandise and potentially multimedia franchises. "I think Pudgy Penguins is doing amazing things … you can license your Pudgy Penguin and people can create soft toys," he remarks, hinting at the future possibilities of NFTs branching out into movies or video games. This approach, according to Crypto Banter, marks the beginning of a new era, one in which NFTs serve as the foundation for a broad spectrum of applications.

However, Neuner acknowledges the necessity of the initial phase of NFT development, or "V1," as a stepping stone to the current innovations. "But I think we have to go through V1 to get to where we're at today," he reflects, suggesting that the journey through the initial phase was essential for the space to mature and progress. 

Looking ahead, Crypto Banter sees a promising future for the NFT market, one that moves beyond static digital collectibles to interactive and multifaceted digital assets. "But now it's time to move forward," he concluded, expressing optimism for the continued evolution and increasing utility of NFTs in the digital world.

The sports industry's successful foray into 

, and serves as a compelling blueprint for the music sector, which, with its rich tapestry of moments and memorabilia, is ripe for a similar transformation. The potential to digitize rare and vintage photos, autographs, video clips and more into NFTs opens up new avenues for preserving and appreciating music history.

 collection, which revealed an astonishing treasure trove of never-before-seen vintage photos of iconic rock stars. Initially hidden away in postal containers, this collection has been revitalized through a partnership with 

, bringing these historic moments into the digital age as NFTs. This initiative not only preserves these precious memories but also makes them accessible to a global audience, ensuring that these pivotal moments in music history are celebrated and passed down through generations.

In conclusion, the adoption of NFTs in the music industry represents a pivotal shift toward digital collectibles that encapsulate the essence of music's most unforgettable moments. With insights from experts, it's clear that NFT tickets are not just transforming ticketing and memorabilia but are also enhancing the fan experience, offering a new model of engagement and ownership in the digital age.

The shift from traditional tickets to NFTs isn't just about technology; it's a cultural revolution shaping the future of concert attendance. With more artists, organizers and platforms embracing NFT technology, industry watchers anticipate a surge in diversity and creativity in NFT tickets and memorabilia.

One trend that may take hold is the rise of hybrid and cross-platform events. These will blend live and virtual elements, and be accessible across various devices, such as smartphones, tablets or VR headsets. NFT tickets will facilitate seamless access and offer immersive experiences.

Personalized and customized memorabilia will become more popular. Fans are becoming more discerning, seeking memorabilia that reflects their tastes and the artists' styles. NFT tickets will enable fans to tailor their memorabilia, and give artists the tools to create unique pieces.

Finally, concert memorabilia will become more social and collaborative in nature. As fan communities become more active, NFT tickets will encourage stronger connections between fans and artists, who can share their memorabilia, co-create pieces and strengthen bonds within their communities.

The shift from traditional ticketing to NFT-based tickets marks a pivotal transformation in how we experience live concerts. These digital tickets enhance the security, authenticity and overall engagement of fans, paving the way for an exciting future in the realm of live events. With the continuous evolution of technology and the dynamic response of the market, we're on the cusp of witnessing even more innovative and creative uses of NFT ticketing that promise to rejuvenate the live concert scene. Insights from industry experts have also illuminated the significant potential of NFTs to transform the concert-going experience.

From Traditional Tickets to NFTs: The Revolution in Concert Memorabilia

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