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Re:Web3 is centralized and inefficient by ahtihn on Wednesday March 23, 2022 @03:13AM (#30775849)
What's the incentive for the ticket seller to enable that?
Re:Web3 is centralized and inefficient by melomal on Wednesday March 23, 2022 @03:47AM (#30776053)
Royalties. The ticket seller can set that and every time the ticket is resold, they will get % of that sale. For an artist that would mean they can sell a ticket with % royalty set and then profit from future sales on an ongoing basis.
Re:Web3 is centralized and inefficient by Kbelicius on Wednesday March 23, 2022 @04:56AM (#30776436)
So we want to create incentives for event organizers themselves to encourage scalping/resale of tickets. Can't see anything wrong happening there.
Re:Web3 is centralized and inefficient by dalbasal on Wednesday March 23, 2022 @03:59AM (#30776116)
So... A method for scalping scalpers?
Re:Web3 is centralized and inefficient by melomal on Wednesday March 23, 2022 @08:27AM (#30777736)
Pretty much. 1000 true fans is essentially the backbone of the NFT argument which basically revolves around artists and their fans parting ways with cash for collectable items. With NFT tickets, the artist always gets paid no matter who is selling the ticket and how many times it get sold. I would say that this is a win for the artist.
Re:Web3 is centralized and inefficient by drugstorecowboy on Wednesday March 23, 2022 @11:16AM (#30779321)
Well.. yes that would be a win for the artist. As would a sales tax that goes to artists, or a new law that legalizes pickpocketing for artists. Why is that a good thing? Why should an artist be compensated beyond the first transaction? If this concept took off, how long do you think it would take before Walmart begins taking a cut of every resale? They have just as much right to it as an artist.
Re:Web3 is centralized and inefficient by melomal on Thursday March 24, 2022 @10:44AM (#30790567)
Well you could argue that it wouldn't be Walmart that does it, it would be the producer so Samsung, Apple, LG, Asus, Acer etc would sell their products with a digital twin (NFT) which provides sales from future purchases.

That being said, it could reduce the need for new products/versions being created every other week. However, there would need to be a somewhat centralized 'marketplace' that facilities the second hand sales which is where Walmart could step in with some perks for selling with them.

Re:Web3 is centralized and inefficient by eru on Friday March 25, 2022 @04:47AM (#30799860)
Why not auction the tickets off in the first place?
Re:Web3 is centralized and inefficient by TimJRobinson on Friday March 25, 2022 @08:06PM (#30808145)
They can do both. They get royalties on all resales.
Re:Web3 is centralized and inefficient by eru on Saturday March 26, 2022 @08:29AM (#30811287)
If you don't tax resales, first auction will go for a higher price.

(Just like houses that come with less ongoing taxes or other burdens go for more money.)