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    Anu T S in NFT Updates

    22 Feb 04:52 AM


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    Events get NFT tickets: Belong joins Cointelegraph Accelerator

    Belong, an app providing token-gated access to events, content and physical doors, has become the latest participant of Cointelegraph Accelerator.
    The event industry, vital for fostering connections, culture and education, faces ongoing challenges that impact its efficacy and reputation. Issues like ticket fraud remain to be solved while ticket-related scams double in 2023.

    Another pressing challenge is the struggle to cultivate meaningful engagement with attendees. In an era where digital interaction and content consumption habits are rapidly surpassing traditional alternatives, many events fail to capture and sustain the attention of their audiences. This engagement deficit is particularly evident in the difficulty of creating compelling pre-event anticipation, maintaining live interaction and extending the conversation post-event.
    Giving NFTs main-stage access with token-gating
    Belong, an app that provides access to events, conferences and content utilizing token-gating, introduces a solution that leverages the power of nonfungible tokens (NFTs) to reimagine access to a wide array of experiences. Belong’s approach introduces token-gated access, a mechanism where event organizers can sell NFT passes (for both fiat and crypto) that serve as keys to various exclusive offerings.

    Belong joins Cointelegraph Accelerator
    Belong has joined the ranks of the Cointelegraph Accelerator program, a catalyst designed to boost promising Web3 startups using Cointelegraph’s extensive media reach. The decision to include Belong in the program was driven by the app’s innovative solution to challenges plaguing an industry projected to reach $2 trillion by 2028.

    Currently accessible on iOS and the web, Belong plans to expand to Android. The platform displays 50% month-over-month growth and has already garnered 20,000 users and over 1,000 communities. Belong aims to replace conventional keys, tickets and memberships with unforgeable, social and collectible NFTs that reward creators and cut out speculators.
    #Blockchain
    #Technology
    #Community
    #Web3
    #NFT
    #Cointelegraph Accelerator

    Source - Coin Telegraph