MANAGEMENT

Detailed explanation-1: -A ticket is a voucher that indicates that an individual is entitled to admission to an event or establishment such as a theatre, amusement park, or tourist attraction, or has a right to travel on a vehicle, such as with an airline ticket, bus ticket or train ticket.

Detailed explanation-2: -An example of an NFT ticketing system would be a concert or music festival that uses NFTs to issue and manage tickets for the event. Each ticket would have a special nonfungible token that the event organizer would create and store on a blockchain.

Detailed explanation-3: -Benefits of NFT Ticketing Event organizers can control the resale value of tickets from resellers in the secondary ticket market with the help of a smart contract, potentially providing ongoing revenue from royalties for artists, event organizers, and stakeholders. Digital tickets are cheaper to produce, lowering costs.