A news report has confirmed that Live Nation has officially planned to delete their digital ticket stubs as NFTs. NME’s report says these tickets are called “live stubs,” which are minted in collaboration with the artists and the tickets sold at their show. Each Live Stub NFT corresponds to the section, row, and seat of the physical ticket and is included for free with every ticket purchased for a Live Nation tour in the United States.
The NFTs are not a substitute for the physical ticket to enter the shows. The Digital Live Stubs are collectibles only that fans can share, swap, or resell on the Live Nation website. Live Nation CEO Michael Rapino said, “Our Live Stubs product brings back the nostalgia of collecting ticket stubs while offering artists a new tool to deepen that relationship with their fans as it grows.”
The first kick of the Live Stub NFTs will be in 2022. by Swedish House MafiaParadise againTour starting next July.