Inspiration
Taylor Swift recently reported $1 billion average grossing ticket revenue for her tour in 2023. Current implementations require an intermediary to facilitate ticket transactions. This results in a decreased price governance for the event publisher.
What it does
Dapps serves as a marketplace that provides incentives for both the consumer and the music artist alike. The artist will be able to create an event and publish the tickets as ERC1155 token on the Fantom blockchain. ERC1155 provides scalability, transparency, and authenticity. Having the tickets as tokens yield increased artist-fan relationships, brand awareness, and security to prevent scams. The ownership of purchased tickets as a token creates various opportunities ranging from trading with other consumers to keeping the ticket for a potentially appreciated future value.
How we built it
The following technologies were used to develop the application:
- ASP.NET Core: framework
- Node.js: package manager
- C#: API development to bridge the front end & back end
- Hardhat: deploy smart contract
- Metamask: facilitate transaction
- Fantom
- Solidity: build smart contract
- HTML/Javascript: UI/UX design
Challenges we ran into
Challenges encountered included programmatic deployment to Fantom mainnet from the application, bridging from Ethereum to Fantom mainnet, & connection to Metamask from the application.
Accomplishments that we're proud of
Accomplishments we are proud of includes developing an API that deploys contract, developing an ERC1155 contract, & to show the capability & value of Dapps.
What we learned
We learned how to deploy a decentralized application to FTM, integrate Web2 components into a Web3 application, & tokenomic modeling.
What's next for Dapps
Future implementations include expanding to artists in different niches & a more robust tokenomic structure.
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