METAPASS

Metapass has emerged as an innovative player in the realm of NFT (Non-Fungible Token) ticketing, aiming to revolutionize how event tickets are created, distributed, and managed for a healthier live events economy. Here’s how it operates and the benefits it brings to the table:

Platform Architecture

Metapass provides a smart ticketing platform for live events businesses, ensuring that each ticket can be independently tracked and verified, and providing much-sought-after regulation for ticket scalpers and bots. The ticketing platform is currently powered by the Theta blockchain, a peer-to-peer content streaming ecosystem created by ThetaLabs.

Event Creation and Management

Metapass lets users create, organize, and host a wide variety of events including talk shows, concerts, meetups, parties, and more. The platform makes creating these events easy for web3-savvy event brands looking to lower their event management costs and gain valuable insights on how their fans engage.

Ticket Distribution

Tickets are sold and redeemed using the Metapass web platform, and are tracked as NFTs on the Theta blockchain for a transparent and verifiable ownership trail. This NFT-based ticketing model enables creators to share events with their audience in a much more secure and efficient manner than traditional ticketing systems like Eventbrite.

Web3 Integration

Metapass leverages the capabilities of Web3 technology by allowing event brands to gate access to any in-person or live video content, and can even gate content on unlimited third-party platforms via API. This integration ensures a seamless and trustworthy process for both event creators and fans wherever their events are held.

Founding and Startup Status

Metapass was founded on June 11, 2022, and is a for-profit company incorporated as Metapass, LLC. It was conceptualized at a hackathon in 2021 by developer Richard Xiong and has since expanded to a B2B2C business headquartered in Seattle, USA.

Services and Market Focus

The platform facilitates the creation and sharing of events with audiences, providing a marketplace for buying and selling NFT passes to events. The NFTs can be used for access to both physical venues and metaverse events​.

Technology

By leveraging blockchain technology, Metapass aims to provide a payments and insights platform for live event brands, as well as cutting-edge consumer protection against ticketing fraud and excessive scalping.

Development and evolution

Initially conceptualized in a hackathon, the platform has since evolved its long-term
vision into a full-stack event management and fan engagement platform for live events
brands for decades to come.

Contact

For more information on Metapass, one can reach out via hello@metapass.world orsubscribe to their newsletter at tiny.cc/metapassUpdates