NFT ticketing is HERE!

Hey, and welcome to another issue of NFToday!

I hope everyone enjoyed the long weekend!

It was much needed on my end! I feel like a human again after sleeping and eating so much. I don't know about you, but I use the Holiday weekends as a way to recover and regroup. Now that it's a new week ahead to conquer these goals and initiatives.

With that said, let's get on with some news!

-Jeremy Colon

• Ticketmaster getting into the NFT realm

• Binance waiving Ethereum Fees

• A new crypto gaming model

After months of speculation, event ticketing behemoth Ticketmaster has officially leaped into web3, minting five million NFTs in a pilot program. 

Powered by Dapper Labs-developed Flow blockchain, the initiative enables event organizers to mint NFT tickets that can be sold before, after, or during an event.

The ticketing industry seems most primed for NFT-fueled disruption. The unique blockchain tokens that signify ownership will quickly reduce scams and ticket scalping thanks to the traceability of the distribution process.

Binance gives up ETH fee revenue! The world’s largest cryptocurrency exchange is looking to cement its position as an industry leader with its move to waive fees for Ethereum trading.

Next month, customers who use Binance’s native token, BUSD, will be able to trade the second-largest digital asset free of cost.

With about 90% of Binance’s revenue coming from trading fees, the exchange will miss out on some sales. However, it will draw new consumers to its platform just before Ethereum’s shift from the energy-intensive proof-of-work to a proof-of-stake model.

Big props to Binance!

Limit Break, a mobile gaming firm, announced it closed a $200M fundraise from Buckley Ventures, Standard Crypto, and Paradigm Ventures with participation from FTX and Coinbase Ventures, among others. 

The raised capital will be funneled into a new “free to own” blockchain gaming model in which users can mint genesis tokens for free.  

The new model challenges the established “free-to-play” games that currently generate $120B in annual revenues. 

We will see how this will crack the mobile gaming sector.

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Nothing mentioned above is financial advice, this newsletter is created for nothing more than entertainment purposes!