PhoenixDAO is launching their events marketplace on the Polygon (previously known as Matic Network) PoS chain. The decentralized app (dApp) is already deployed and running on the Ethereum network, and this latest development will enable users to benefit by spending only a fraction of the Ethereum gas fees.
The event marketplace was built using IPFS tech and leveraging the ERC-721 standard, which essentially empowers it to be the NFT platform it is designed to be. What this means is that the dApp will allow event creators, and guests to mint NFT’s as tickets. With the recent exponential growth in the NFT space, the PhoenixDAO has adopted this trend into their groundbreaking dApp.
“You can create your event, or buy a ticket for an upcoming event, and voila, you have an invaluable NFT ticket in your possession.” Monte Thomas, Director of Partnerships, PhoenixDAO.
The immutability, transparency, and accessibility of blockchain have been implemented into the ticketing and event-planning industry, led by the PhoenixDAO team. Users can own their own content and monetize it by using the Events dApp with full privacy and anonymity.
As innovation grows, these tickets can become collectibles used for several other purposes creatively, prior to this dApp, doing this was not possible. The ability to be well-positioned to serve the projects on a dual chain with the Ethereum network, and the Polygon ecosystem.
PhoenixDAO is a truly open-source and decentralized project built to realize the original ethos to power the next generation of decentralized financial applications (DeFi apps). The PHNX ecosystem includes the following protocols; Authentication, Identity, Payments, Tokenization, including a dApp Store and Events Marketplace.
Polygon, previously known as Matic Network, is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Connecting Ethereum’s Internet of blockchains, aiming to transform Ethereum into a multi-chain ecosystem with secured Layer 2 and standalone chains.
Disclaimer: This is a paid post and should not be treated as news/advice.