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Iqbal Ameer
@iqbalaaameer
In many industries, the incentives aren’t aligned. Some parts of the industry have adapted to the times and others are stuck in the past. I can only speak to my experience and the music industry is a perfect example of this. https://www.iq-mag.net/2024/05/germanys-melt-festival-to-close-after-27-years/ (1/8)
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Jamie Parmenter🎩
@jamiep.eth
Live music is always an interesting one. Ticket prices are so expensive and have jumped in price considerably over the years. Lots of initiatives to combat this and glad there are people trying to solve the problem. However, too many solutions can segregate the market and make it fail.
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Iqbal Ameer
@iqbalaaameer
Yes, it’s due to the rising cost of an artist which puts the ticket prices at an all-time high. But what all the promoters and event organizers need is data. With data available on-chain, organizers can know exactly how much an artist costs. Plus, they will know whether the artist can sell out the ticket rather than book the acts blindly. Through web3, we can combat monopolistic practices from big conglomerates like Live Nation, Ticketmaster, etc, and reinvest in creating the experiences that fans truly desire. Fans are the market, they should not pay more. Instead, they should be rewarded. That's what we are building at @allaccessio .
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