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Block by Block

Block by Block: Ticketing

Quick Take

  • Event ticketing is a $47B industry
  • Fees charged by some ticketing platforms can reach as high as 58% of a ticket’s face value
  • TicketMaster and Live Nation facilitate ticket sales for 80 of the top 100 arenas in the U.S.

Block by Block is a series where we dive into different industries and examine the entry-points for decentralization.

Ask any hard-core concert-goer about the worst part of the event, and they will likely tell you a war story about buying a ticket. 

The ticketing industry is incredibly flawed. Ticket-buyers face high-fees and have to compete with bots who buy up tickets seconds after they are on the market.