Events dApps are Bettering: Intuitive, Convenient and Transparent
October 20 2021 - 12:56AM
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Blockchain technology has been taking the events management
industry by storm. The COVID-19 pandemic led many to reflect on the
failings of traditional, centralized ticketing and event platforms.
These tools often feature low security, difficult user experiences,
and high hidden fees. Blockchain continues to interest many event
managers and promoters. The technology offers the opportunity to
digitally manage events and payments without a central
administrator, all while eliminating ticket duplication, fake
tickets, and bots. Blockchain also can be harnessed to allow for
event details to be managed and shared in a uniform and transparent
manner. A greater interest in a decentralized approach to managing
events and attendees has led to the rise of several decentralized
applications (dApps) with a focus on ticketing and events
management. Blockchain-Based Event dApps Transforming Traditional
Models Phoenix DAO’s Events Marketplace is one dApp making waves
due to a dedicated and focused team who have been hard at work
optimizing the platform. The Eventbrite-style dApp empowers users
to host events or buy, sell, and exchange tickets thanks to the
power of blockchain. Phoenix’s unique Identity protocol ensures
decentralization and trustworthiness while permanently tying
tickets to a particular user no matter where they go. All Event
dApp users rely on the native $PHNX token for payment, but the
PhoenixDAO team plans on offering more cryptocurrencies and on-ramp
methods. Hopes are expansion will encourage user growth and open up
more revenue streams. Phoenix Authentication helps verify logins
and approve ticket transactions to eliminate bots and bulk
purchasing. The entire Event dApp is multi-chain offering both
Ethereum and Polygon’s sidechain solution, offering Layer2 solution
instead of only Ethereum. A recent developer update includes
multi-chain support, giving dApp users the opportunity to host
events on either the Ethereum or Polygon networks, based on their
preferences, to foster advanced cross-chain interoperability.
Additional updates promoting convenience and transparency include a
new affiliate partnership with Travala.com, opening up PhoenixDAO
Events dApp users to connect with one of the leading global
crypto-friendly travel booking platforms boasting more than
2,000,000 properties in 230 nations. A second partnership with
Transak provides fiat onramp services and fiat-to-crypto deposits
and withdrawals. The PhoenixDAO team hopes future Transak support
of the native $PHNX token will allow for the purchase of $PHNX with
a credit or debit card. Emphasizing A Hassle-Free Experience A
follow-up developer update in mid-October further enhanced the user
experience and functionality based on requests and comments from
Events dApp users. As blockchain-based event dApps continue to
become more intuitive, convenient to use, and transparent, many
speculate the technology could forever transform the events and
ticketing industry. Contactless ticket sales and management remain
a big benefit to busy events managers trying to reduce
attendee/event staff interaction to ensure optimal hygiene
standards for in-person activities in ‘the new normal.’ The ease of
creating and promoting events on blockchain-based solutions like
PhoenixDAO’s Events dApp is of particular benefit to event managers
and planners who might have limited budgets and are uninterested in
paying hefty fees to rely on traditional platforms. The PhoenixDAO
team characterizes their consistent work optimizing and enhancing
the Events dApp as “a series until everyone is able to use the dApp
hassle-free.” PhoenixDAO continues to lead the way in ushering in
blockchain technology to the events and ticketing industry to
provide a superior experience for both event managers and
attendees. PhoenixDAO has always been proactive in establishing new
opportunities to connect and give back to the community. To that
end, PhoenixDAO is hosting an event where the latest member of the
team to join will be live streaming and participants stand a chance
to win a $1000 NFT. Product growth is key, update to the
events marketplace, with a rare NFT from Zed Run, with a win rate
of 14.4% and ROI of 26.3%. To participate in the event, users can
purchase the tickets from Events dApp using a crypto wallet. To
purchase a ticket for the event, users must hold $PHNX tokens on
Polygon. Users holding $PHNX tokens on Ethereum wallets can move it
to Polygon using the Matic Bridge if need be or purchase $PHNX from
Quickswap.io. About PhoenixDAO PhoenixDAO is a revolutionary
decentralized environment that has curated a list of flagship
dApps, all designed to create a more rewarding and accommodating
environment for the crypto community. PhoenixDAO is powered by The
DAO (governance system), Staking dApp, Events dApp and the dApp
store. PhoenixDAO is an autonomous project with unique protocols
(Identity management, authentication, payment, and tokenization
protocols), which helps create a secure and safe decentralized
space.
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