Former Alibaba Executive: NFT Tickets Have Advantages Over Traditional Systems, They Can Solve Scalper Issues

ChainCatcher news, according to Cryptopotato, former Alibaba executive Toby Rush stated that NFT tickets have advantages over traditional systems, as they can solve the scalping problem.

Toby Rush pointed out that due to the unique verifiability of NFTs, authenticity can be easily confirmed on the chain and cannot be forged. Scalping behavior can be controlled through secondary fees or royalties. This means that organizers can at least earn a commission from each secondary sale, unlike traditional systems where scalpers are the only ones profiting from secondary sales.