Deamus, a division of SK Planet, has declared that it has embraced Avalanche to enhance its users’ ticketing experience. The goal is to provide OK Cashbag’s 21 million customers access to blockchain-based tickets.
Avalanche will assist Dreamus in enhancing the ticketing experience for its clients and expanding the industry’s market share, which is estimated to be worth $230 million. This is specifically relevant to South Korea’s ticketing sector. Tickets will be offered at OK Cashbag, supported by Avalanche’s blockchain, for events including musicals, sporting events, and fan meetings.
With their Blockchain Ticket Total Solution Service, SK Planet and Dreamus seek to promote innovation. They will deal with the following issues with Avalanche:
- Scaling problems
- Subsidiary market fraud
- Facilitating simple digital transactions
- Problems with fake tickets
This concurrently demonstrates the carefully thought-out design of the UPTN Subnet, which will now access the OK Cashbag ecosystem. Since the trading price of AVAX, the native token of Avalanche, is currently floating at $9.76, this has also been successful. In the last 5 days, there has been a gain of 2.72%. By the end of this year, the coin might reach $15.01, according to avalanche estimate. In fact, if everything works out, the token might also be exchanged at $36.46.
Future plans for Dreamus and SK Planet include the creation of their own secondary market and the addition of new features to the ticketing platform.
According to Gyosu Kim, the Chief Business Officer for B2C at SK Planet, they hope to revive the entertainment sector by improving the ticketing process through this relationship. Gyon has also referred to blockchain-based tickets as wonderful for fans because they make the website’s authentication process simpler.
The next stage of their integration, according to Justin Kim, Head of Korea for Ava Labs, is tremendously exciting. The vision and experience of Avalanche will be combined with SK Planet and Dreamus through Ava Labs. On behalf of Ava Labs, Justin expressed delight at seeing actual Web3 use cases materialize for the K-pop community and the entertainment sector.
Dreamus helps in the distribution of tickets for some of the most well-known events worldwide. Psy, Twice, and MissA are included in this. Avalanche made the announcement, revealing that SK Planet is introducing the ticketing site. It is extremely possible that many fans will profit from this, given the variety and caliber of events that Dreams supports. Since it addresses problems that are common in the South Korean sector, more brands may soon decide to adopt this innovation.
The advantages of this ticketing system and the experience it provides will undoubtedly be appreciated by the twenty-one million users of OK Cashbag.