Binance Launches NFT Tickets for Lazio Football Club Games

Binance, one of the world’s largest crypto trading platforms, announced the launch of NFT ticket sales for matches of Italian football club S.S.

Reporting from Bitcoin.com, Wednesday (3/8/2022), buyers will use Non Fungible Tokens (NFT) to visit the Stadio Olimpico, Rome’s largest sports facility, and watch their favorite team’s home games.

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In addition to discounts, supporters who purchase these digital tickets will also have the opportunity to win fan tokens and gain access to a number of exclusive events. To purchase tickets, Lazio supporters must open an account on Binance and go to the Binance Fan Token Platform page.

In addition to access to the stadium, ticket holders will benefit greatly from discounts, including 10 percent on every product sold in Lazio stores and 20 percent on tickets to club matches in the Europa League, an annual competition organized by the European Football Associations Union (UEFA).

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Binance is also Lazio’s main shirt sponsor. The two sides reached an agreement for an initial period of two years with an option to extend it for a third year.

Binance thinks NFT tickets will help solve some of the problems of traditional ticket distribution systems. For example, NFT makes it possible to avoid double tickets, when one seat in a stadium is sold twice, and prevent ticket counterfeiting and problems related to loss or damage.

The ticketing initiative in the form of NFT came after in June Binance signed a multi-year exclusive NFT partnership with Portuguese football superstar Cristiano Ronaldo. The famous footballer plans to release several NFT collections to give followers the opportunity to “own an iconic piece of sporting history.”