Ticketme

Based in Tokyo, Japan, TicketMe Inc. is the operator of what it describes as the country's first and largest NFT ticket platform, founded in 2022 by CEO Daisuke Miyashita. Miyashita, then a student at Waseda University, had prior entrepreneurial experience, having built and sold an apparel e-commerce business before a stint as a researcher at East Ventures. His interest in blockchain technology led him to identify a market opportunity in NFT ticketing, viewing it as a business model where regional focus and dedicated effort could create a competitive advantage.

The company provides a platform for event organizers to issue and sell tickets as NFTs for a variety of events, including concerts, sporting events, and theatre shows. The core of its business model is to address longstanding issues in the ticketing market, specifically illegal resale and ensuring fair value distribution. By leveraging NFT technology, the platform allows event organizers (the primary sellers) to control the resale of tickets. They can set rules, such as capping the secondary market price or disabling resale altogether, a capability protected by a patent the company obtained for its ticket resale control technology. This system is designed to eliminate illicit scalping while permitting legitimate resales for fans who can no longer attend.

A key feature of Ticketme's revenue model is its approach to the secondary market. When a ticket is resold at a price higher than its face value, a portion of the profit is returned to the original creator or event organizer. This creates a new revenue stream for artists and promoters, capturing value that was previously lost to the unauthorized resale market. For the end-user, the platform offers a secure marketplace to buy and sell tickets, with the added benefit that the NFT ticket can be kept as a digital collectible after the event. The company has secured approximately $1.9 million in funding from investors including ANRI, East Ventures, and JFR MIRAI CREATORS Fund, and is actively forming business collaborations, such as a partnership with Digital Platformer Inc. to use decentralized ID for preventing illegal resale.

Keywords: NFT ticketing, event technology, blockchain, secondary ticket market, digital collectibles, anti-scalping, ticket resale, Daisuke Miyashita, Japanese startup, event management software, secure ticketing, creator economy, Web3, fan engagement, live entertainment, dynamic pricing, digital assets, fraud prevention, concert tickets, sports ticketing