NFT ticketing and beyond

To mark its 160th Anniversary, the Romanian Post launched an NFT collection of 160 digital stamps available for purchase. And Oveit was there as the technology partner, ensuring that anybody interested could easily purchase the NFTs.

The entire event is built around the number 160. 160 years since the Romania Post was established through a Royal Decree, 160 digital stamps were minted as NFTs, each representing a year in the Institution’s history, 160 Euros is the price of one NFT. However, this number has another significance as well. 160 Euros is the cost for a hospitalization day at HOSPICE Casa Sperantei, the humanitarian organization helping those suffering from incurable diseases.

All earnings resulting from the sale of the NFT collection are going to HOSPICE Casa Sperantei, the collection having an entirely charitable purpose.

We were honored and extremely happy to be part of this project. We’ve always treasured innovation and made our best to create software solutions that help others. That has an impact on the communities that our partners are serving. And this project checked all the boxes.

Distributing the NFTs

The 160 NFTs have been divided into two categories: 10 of them, representing years of significant importance in Romania’s History, have been selected for an open auction. Of course, the starting price for the auction was 160 Euros. The rest have been sold online, for a fixed amount, here.

Using Oveit to sell NFTs

Oveit was initiated as an event ticketing software, developing more complex solutions like cashless payments software, digital wallet, or NFT ticketing. This helped us understand that one of the most important parts of developing powerful software solutions was to make them easy to use.

The National Post needed a technology partner to make the NFT acquisition as flawless as possible.
Payment. When trying to reach broader audiences you need to take into consideration several potential concerns. And payment can be one of those concerns. To make the collection available to a larger audience, we’ve activated payment with both crypto and fiat currencies. Yes, with Oveit customers can easily pay with fiat currencies for NFT tickets (or NFTs serving any purpose for that matter).

Buying an NFT with Oveit

As mentioned, we focused on creating a solution that allows customers to buy NFTs as easily as possible. The whole experience can be embedded into any website, allowing you to customize the buying process.

Just like ordering an e-ticket, customers can select the desired amount and proceed to the next steps. Being built on top of a registration system, Oveit allows you to collect relevant information from your customers, helping you better understand their wants and needs. Once these steps are completed, the customers are redirected to the payment page – but not before allowing them to select how they want to pay for their NFTs; through fiat (through Stripe or PayPal) or cryptocurrencies (through Crypto.com).

Once the payment is confirmed, customers are redirected to a confirmation page where they can connect their wallets. As Polygon is our technology of choice, we provide two options here:

  1. if the customer has a MetaMask wallet, the system will automatically connect the NFT to their wallet
  2. if the customer uses a different wallet, all they have to do is enter their wallet address in the designated field.
demo confirmation page – Oveit NFT ticketing

When the wallet is connected, the minting process starts. The minting is done by Oveit, with the help of our partners, and it doesn’t require any extra steps from you or your customers.

Having the NFT is minted, Oveit sends an email to the buyer. The email will offer more information on the collectible and has direct links to Rarible and OpenSea, allowing the buyer to check the artwork. A step-by-step tutorial on how to claim an NFT issued with Oveit is available here.

What’s next for Oveit NFT ticketing?

We are happy to see more and more event organizers, artists, and businesses using our NFT ticketing feature. Technology has the power to transform the entertainment industry. We feel that all ticketing will become NFT ticketing.

Oveit’s NFT ticketing tool helps you:

  • easily create and safely sell NFT tickets
  • get access to secondary market sales through royalties
  • set up smart contracts that allow revenue to be fairly distributed amongst all parties
  • sell merchandise together with the NFT tickets
  • connect virtual and in-person experiences by using collectible tokens
  • Join the Web3 revolution and create the next big thing in experiences
    …and so much more.

However, our experience showed us that there is a huge untapped market, as the process of buying an NFT may be considered difficult by some. This is why we are now working on a solution that will allow anyone to buy and use an NFT; even those that don’t own a digital wallet.

Oveit announces partnership with deep-tech company Humans.ai

The partnership is the next step forward, as part of the company’s strategy to move towards Web 3.0 and the Metaverse by incorporating experiential digital art in the form of AI NFTs.

Oveit’s live stream shopping platform Streams.Live has also revolutionized the retail process for its clients in Europe and the United States in the past year, by changing the buying behavior. Online merchants have been able to connect much more authentically and in an interactive way with their target audience, using live online video sessions that simulate a personal experience.

Continuing to disrupt the live stream shopping experience, Oveit, which has become well known for its cashless payment solutions for events and venues, as well as solutions for access control and registration for virtual and live events, is developing new products to help its users stay connected by bridging online and in-person events with collectible tokens and creating experiential art with events tickets as AI NFTs, with the support of Humans.ai’s innovative technology.

“We believe the future of commerce is experiential and social. Artificial intelligence powered NFT ticketing for events will become the gateway to an unforgettable experience that now can be tokenized and held forever.”, said Mihai Dragan, COO at Oveit. “The AI NFT tickets will unlock more possibilities for Oveit, as we are rapidly moving towards Web 3.0 and the Metaverse with our solutions. Through our partnership with Humans.ai, event tickets will become so much more than just access codes. They will take the form of never before seen experiential digital art, in addition to ensuring access credentials and unique perks for events, empowering organizers to generate new revenue streams.” added Mihai Dragan.

Oveit’s AI NFT tickets will allow attendees access to both in-person and digital experiences, also holding special perks, created especially for events and a way of transforming unique moments into digital assets. The NFT tokenized tickets will enrich the experience with forever-lasting digital assets that will continue to bring in royalty long after the event is over.

“We are excited about working together with Oveit and helping them create, mint and sell AI NFTs as the next generation event tickets in the form of unique digital assets that can be used or sold through digital worlds, enriching their customers’ online experiences. The AI NFTs we are developing together will be much more than tokenized tickets, they will take the form of experiential art, allowing attendees access to both in-person and revolutionary digital experiences.”, said Sabin Dima, Humans.ai’s CEO.

Deep-tech company Humans.ai leverages blockchain technology and artificial intelligence to enhance the standard NFT and expand its functionality, transforming it from a static art form to an interactive and intelligent asset class capable of encapsulating neural networks or segments of a person’s digital DNA. The technology, named AI NFT, represents a new type of NFT that enables people to use their biometric data to create artificial intelligence solutions that are kept ethical by complex governance, consensus, and verification mechanism. Humans.ai’s unique consensus mechanism, Proof-of-Human, will be integrated to demonstrate there is a real human behind every transaction, making it more secure and trustworthy.

The first movie in the world released as NFT film frames

The Wishing Tree: Childhood Memories 

The Wishing Tree: Childhood Memories, a Romanian production directed by Andrei Huţuleac after a script by Mihai Mănescu, Matei Dima, and Andrei Huţuleac is the first feature movie in the world released as NFT film frames. The project is implemented by Oveit and Minternational Affairs. 

The Wishing Tree: Childhood Memories is the first Romanian fantasy family film released in the last 30 years in Romania. It is a film destined for the young ones, as well as for the whole family, with an immediate impact on the lives of those who suffer. The film, inspired by real events, tells the story of Mara and her friends, who set out on a fantastic adventure leading into the world of one of the most famous Romanian children’s books: Childhood Memories written by Ion Creangă. 

The movie will be released in Romanian theaters starting 25 March 2022. All the funds generated by the film will be donated to the HOSPICE Casa Speranţei (HOSPICE House of Hope) Foundation, the largest NGO in Romania, that’s offering free palliative care for adults and children suffering from an incurable illness. 

The Story of the World’s First Movie Released as NFT Film Frames

The collection is made out of 12.432 NFTs which are actual film frames from The Wishing Tree: Childhood Memories film. 12.432 is the number of home care visits made by the medical teams of HOSPICE Casa Speranţei in 2021. 

The cost of an NFT is the Ethereum (ETH) equivalent of 250 lei (≅ $56), a sum that represents the cost of a home care visit. 50% of the revenues will be donated to HOSPICE Casa Speranţei and their services. You can purchase the NFT and contribute to the help offered unconditionally to incurable ill children and adults by accessing https://oveit.com/copacul-dorintelor/

NFT stands for “Non-Fungible Token”. Goods can be fungible or non-fungible. Fungible goods are those which are determinable by number, measure, or weight so that they can be substituted for each other in the performance of an obligation. Money represents fungible goods. NFTs are non-fungible goods, i.e. individually determined goods that cannot be replaced by other goods. They are unique.

All NFT holders will be whitelisted for the next NFT collection, “Alpaca”, representing Mișu the (P)alpaca, the HOSPICE Casa Speranței mascot, a symbol of involvement, of small gestures that lead to a greater good and of good deeds done with a smile. We will also be announcing soon more benefits for NFT holders.

About Oveit:

Oveit is a tech company with its headquarters in Austin, TX, USA. The company offers NFT solutions and smart contracts for events and online shopping. Oveit is a Crypto.com partner for crypto payment processing from 2020. In 2021, the company became an international Polygon partner for NFT ticketing and live shopping for NFT, through its solution Oveit NFT.

So far, Oveit has released cashless payment solutions for events and venues, as well as solutions for access control and registration for virtual and live events. For its products, Oveit was nominated as „one of the most important innovators in the world regarding disruptive technology” by the World Organization of United Nations Tourism in 2019.

About Minternational Affairs:

Minternational Affairs (or MintAF) is one of the first agencies worldwide that conceives and implements NFT projects. The company also offers consultancy and implementation support for NFT projects initiated by tertiary parties that require  MintAF’s expertise. 

About HOSPICE Casa Speranței:

HOSPICE is the largest foundation in Romania offering free palliative care services. The organization runs two hospitals in Braşov and Bucharest, a socio-medical center in Adunaţii Copăceni, as well as mobile teams in Făgăraş and Zărneşti, for the care of patients diagnosed with incurable illnesses. HOSPICE has developed complete palliative care services, offered in day centers, in patient units, outpatient units, as well as in the patient homes and in the partner hospitals. In its 30 years of existence, HOSPICE has brought comfort and hope to approximately 45.000 children and adults suffering from an incurable illness.

We’ve teamed with Polygon Studios to make NFT Tickets available to our community

Mint and sell NFT tickets with your favorite event ticketing platform

In our quest to democratize technology for event organizers, we’ve partnered with Polygon Studios and enabled NFT ticketing on our platform. While we handle the complicated part, our community can now easily mint and sell NFT tickets, completely changing the way attendees experience in-person and virtual events. 

Enter the era of unlimited possibilities with NFT Tickets

NFT (Non-fungible tokens) are blockchain-based digital records that can be associated with digital or physical goods (basically almost anything that we can imagine). And they rely on smart contracts – embedded programs that act like contracts for these NFTs and activate different options when certain conditions are met, allowing you to go full creative with your event tickets. 

Unlike traditional tickets, those leveraging blockchain technology can unlock outstanding experiences.

NFT tickets are improving the experience

Securely store access credentials and attendee information. On a blockchain network, transactions are encrypted and stored as immutable blocks – thus protecting you and your community against fraudsters.

Transform your tickets into hot collectibles. NFT tickets are stored on the blockchain, allowing users to easily check their authenticity and entire track record, thus making them the perfect assets for any collector. 

Tokenize (part of) the experience. Allow your special guests to actually own a part of the experience.

Enable perpetual royalties. Blockchain transactions are backed up by smart contracts, allowing you to set up special rules for future transactions. Eg: a small cut can find it’s way back to you each time tickets are resold.

Enable ticket add-ons on web3. Prepack additional perks into your tickets and let your attendees benefit from them long after your event is over (perpetual discounts to your future events, priority access to product launches run by your partners, VIP tickets to their favorite band, etc.).

and many more…

Polygon Studios X Oveit

The partnership between Oveit and Polygon Studios aims to simplify the selling of NFT Tickets. Until now, this option was cost-prohibitive. But with our solution, any event organizer or artist can mint and sell NFT tickets. Faster, at lower costs, and with no coding expertise required.

Blockchain’s impact on the environment is not something that should be overlooked. But we know we’ve teamed up with the right partner for the job. Polygon’s Proof of Stake consensus mechanism allows the Network to scale in an eco-friendly manner by not requiring the same computation power as mining blocks on networks that use a Proof of Work mechanism. We know this is important to you. 

About Polygon Studios

Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry. The Polygon Studios ecosystem comprises highly loved games and NFT projects like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games. 

Is your work impacting the local community?

A few days ago I saw some news that reminded me of just how important events are. Not just for those directly involved, but for the local community as well.

The material covered the story of a small local community that for the last 30 years was on the verge of bankruptcy. Year after year, the local authorities did their best to bring the small town back to life. With 0 results.

Then, all of a sudden, things started to change. A team of event organizers found the area perfect for a small (at first) Jazz festival. Encouraged by the splendid landscape, they decided to give it a try.

“You are never going to make out here. You are wasting your time and your money”. I wasn’t there, but this is what they probably heard. 

I am sure that the team saw disbelieve in the eyes of the local inhabitants. Disbelieve mixed with hope. So they decided to follow their dreams. 

Gains for the local community

Fast forward to the present days: the community is thriving. One week per year, thousands of people set camp in this small community. Locals saw the opportunity and transformed their homes to accommodate their new guests. Restaurants and bars have never been so joyful. And local suppliers were facing a new problem: can they produce enough? For the first time in over 3 decades, the problem was too much demand.

This new economic life is not limited to just one week per year. People started hearing about this new town and its surroundings. And started visiting it. A friend of a friend that joined the festival is now a guest for the weekend. 

Tourists are spending money in the community. Local businesses prospered, and taxes were paid. Local authorities started investing money in infrastructure. Better roads, better facilities, more tourists. More money. The exact opposite of a vicious circle.

This is a true story, but the name of this small town is not relevant here. Because the same story happens over and over again, all over the world. You just need a brave idea and a community ready to embrace it. This is why we encourage you all to include the local community in your event economy.

Don’t stop making the world a better place!