2024 Paris Olympics May Use NFTs for Tickets

Michel Cadot, France's inter-ministerial envoy for Olympics, believes that NFTs may be the solution to ensuring safety when it comes to ticketing at the 2024 Paris Olympics. Cadot has recommended to the prime minister that blockchain ticketing technology be used for the event.

In a Nutshell:

• Cadot believes that blockchain ticketing should be used for major sporting events.
• The tickets would be non-transferable and use QR codes generated using blockchain tech.
• The recommendation was motivated by the issues that the UEFA Champions League final in Paris experienced last month.

What it Means:

• An implementation of blockchain ticketing technology that uses NFTs could be a huge boost to the technology and general awareness. NFTs are breaking out of the currently dominant trend of digital artwork. New use cases will boost adoption