Please describe your proposed solution.
Rare Network aims to bridge the gap between blockchain technology and the live events industry, and we see non-fungible tokens (NFTs) as the catalyst for this transformation. We are excited to present our grant proposal for the development and integration of our non-fungible token (NFT) ticketing system within the Cardano ecosystem. This collaboration would revolutionize the ticketing experience, providing attendees with more than just entry passes and leveraging the potential of NFTs within the Cardano community.
Project Overview:
The objective of this project is to create a seamless integration of Rare Network's NFT ticketing system within the Cardano blockchain. By leveraging NFTs as event tickets, we aim to enhance the ticketing experience for attendees of our event, Rare Evo. These NFTs will serve as coveted digital collectibles, granting participants exclusive access to the Rare Evo community and fostering a sense of belonging and participation.
To accomplish this project successfully, we seek support for:
- Catalyst Open funds to be utilized for the technical development of a ticket and reward claim portal, community engagement activities to promote adoption, and the necessary infrastructure and maintenance for the NFT ticketing system.
Rare Network is thrilled about the opportunity to develop our NFT ticketing system and integrate it within the Cardano community. We firmly believe that this project will be mutually beneficial, providing attendees with an unparalleled experience and demonstrating the potential of NFTs within the Cardano ecosystem.
Bonus information regarding the future of Rare Perks NFT Collection:
The Rare Perks NFT collection is a combined package of digital assets that will include:
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Unique contemporary artwork by artist, Brendan O'Connell.
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An airdropped General Admission ticket to Rare Evo 2024.
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Future discount on tickets to all Rare Evo events.
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Rarities will unlock raffled off on-the-ground special perks and experiences at Rare Evo (value add ranging from $25 to $15,000 i.e swag, VIP upgrade, booths, and speaking slots)
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Access to special community channels on the Rare Network Discord.
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Early and exclusive access to media and podcasts through NFT gating.
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Exclusive perks at additional live events such as Rare Socials worldwide.
Note: All original Perks Pass holders will be airdropped with this new collection.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
Building out our NFT ticketing infrastructure to be open source will benefit the Cardano ecosystem by allowing others to utilize the technology for any live events.
Additionally this may onboard more users by incentivizing them to create new wallets as our NFT tickets will have more perks than our current traditional ticket options.
How do you intend to measure the success of your project?
Our intention is to incentivize the majority of our attendees to use our NFT ticketing platform rather than a traditional ticketing platform.
The success will be measured by having a successful project go-live for Rare Evo 2024/25.
Please describe your plans to share the outputs and results of your project?
This project will allow us to pursue adopting web3 and NFT adoption, while not risking the events side of the business. With creating a claim portal, we will be able to expedite the roll out of NFT tickets for our future flagship event, Rare Evo, there in turn gaining more adoption for the blockchain. This project will allow Rare Network's team to expand our development team and beyond solely an events and media production company relying on web2 architecture. Once we accomplish building the portal, we plan to build further utilities for utilizing NFTs at IRL events, factoring in lessons learned as a team from this project to our future initiatives. Our project is set for 6 months and we find this accomplishable and reportable throughout the progress.