IIT Delhi partners with Binance to issue NFT tickets, organise crypto contest for cultural fest
- Though NFT arts are very popular, more and more companies are exploring real-world use cases of NFTs. The use of NFTs for ticketing would curb issue of duplicate or fake tickets as they cannot be replicated
NEW DELHI: The Indian Institute of Technology (IIT) Delhi has partnered with Binance, a crypto exchange and blockchain platform, to provide non-fungible token (NFT) tickets and proof of attendance protocol (PoAP) during its upcoming three-day cultural fest ‘Rendezvous’ to be held 24-26 April. The NFT tickets will be issued for attendees on concert nights.
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