NFT-TiX Migrates to Avalanche and Announces Global Festival Partnerships

Avalanche

NFT-TiX, a pioneer in the event ticketing space, announces its partnership with Ava Labs as an early investor and tech partner. NFT-TiX will be migrating from Ethereum to the Avalanche blockchain exclusively. This move bolsters NFT-TiX's mission to offer a reliable, scalable, secure, and transparent platform for event organizers and attendees to participate in a ticketing experience that addresses the significant challenges that plague the ticketing industry today. It also adds commercial and experiential benefits that are not achievable with current ticketing technology.

NFT-TiX has leveraged blockchain technology and a robust business model to create a digital ticketing solution where tickets are “truly” owned by the attendee, making transfer/sale very easy, with every transaction recorded on a public ledger that all can access and nobody can manipulate. The platform gives event organizers unprecedented control of their ticket offerings and access to/engagement with their audience

The decision to adopt Avalanche is strategic. Avalanche provides scalability to support the processing of thousands of transactions per second, with low fees and near-instant finality. This is crucial for event ticketing, where high volume and immediate confirmations are vital. Equally important, Avalanche provides top-tier security, courtesy of its unique consensus mechanism.

"Our shift to Avalanche is more than a mere platform change,” said Emil R. Ljesnjanin, CEO of NFT-TiX.“It embodies our vision for the future of event ticketing. Through Avalanche's speed, security, and interoperability, we can innovate more dynamically, foster exciting partnerships, and most importantly, deliver a superior, safer user experience."

Further enhancing the appeal, Avalanche's consensus mechanism stands as a more energy-efficient alternative to traditional Proof-of-Work blockchains. It aligns with NFT-TiX's commitment to sustainability, which alongside moving to a more energy efficient blockchain, also involves transitioning events (mainly in the sports sector) to move completely away from paper ticketing.

This integration marks NFT-TiX's place at the forefront of event ticketing innovation.

Additionally, NFT-TiX is delighted to reveal new partnerships with a broad range of global festivals, including Exit Festival events, Transmission events, Hardmission events, Techmission events, Breathe Convention, Garden of Dreams events, Sarajevo Film Festival, No Sleep Festival Belgrade, Unum Festival, and Epizode.

Dusan Kovacevic, CEO of EXIT Festival, celebrates the new partnership, saying, “Last year,together with NFT-TiX, we won an Innovation award at UK Festival awards, as one of the first festivals in the world that had NFT tickets for a major event. We are honored that we’ve established this long term partnership right before one of our greatest editions. This collaboration reinforces our commitment to bring superior festival experiences to the fortress.”

Anco Van der Kolk, Transmission’s CEO, says, "Our alliance with NFT-TiX underlines our commitment to innovation, allowing us to provide an unmatched ticketing experience to our attendees."

Furthermore, NFT-TiX is in advanced discussions with various global sporting leagues. This signals NFT-TiX's ambition to transcend music and film festivals and transform ticketing across all event genres.

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‍About NFT-TiX

NFT-TiX is a groundbreaking ticketing platform utilizing blockchain technology to deliver a dependable and secure ticketing experience. Emil R. Ljesnjanin founded NFT-TiX with the aim to disrupt the global event industry through innovation and trust.

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About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

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