Case Study

Revolutionizing the Ticketing
Industry with Onchain Payments

Innovation

CM.com, having acquired GutsTickets (also known as OnOpen), faced several obstacles with traditional payment systems in their ticketing operations.

GutsTickets, known for its innovative approach to event ticketing, encountered multiple limitations

PSP Restrictions & Regulations

Regional restrictions with different PSPs (Payment Service Providers) and specific regulations that GutsTickets had to navigate

Fees Impacting Profitability

High transaction fees impacting GutsTickets' ticket sale profitability

Payment Limitations

Lack of payment programmability, preventing GutsTickets from harmonizing payments with their ticketing smart contracts

The InflowPay Solution

By partnering with InflowPay, GutsTickets was able to revolutionize its payment system by integrating complete onchain solutions.

This innovation enabled
1

Bypassing geographical limitations of traditional PSPs that had previously constrained GutsTickets' operations

2

Significantly reducing transaction fees for GutsTickets and their customers

3

Perfectly aligning payments with rules defined in GutsTickets' smart contracts

Technical Implementation

The deployed solution allows GutsTickets users to continue purchasing tickets in fiat currency, while behind the scenes.

InflowPay Transfers

Funds are automatically transferred onchain via InflowPay

User Wallet Deposits

They are deposited in a wallet generated by GutsTickets for the user

Organizer Wallet Transfer

Then transferred to the event organizer's wallet

Seamless Payments, One Step Away

Key Benefits

The transition to onchain payments has created several transformative advantages for GutsTickets.

For the first time, GutsTickets can fully enforce primary and secondary sale rules at the smart contract level

Event organizers using GutsTickets can define ticket prices that any platform or marketplace must adhere to

Revenue distribution is baked into the contract, ensuring all parties receive their share instantly and transparently

GutsTickets' tickets become fully composable onchain assets, integrable with any ERC-721 compatible platform

Future Impact

This groundbreaking implementation paves the way for bringing multi-billion dollar revenue flows from the events industry onchain in a fast and borderless manner.

GutsTickets' ticketing experience now opens up to:

New

Secondary marketplaces

New

DeFi applications

New

Onchain affiliate systems

New

Rewards in others apps

And much more…

By pioneering this technology, GutsTickets and InflowPay are setting a new standard for what's possible in the ticketing industry.

Creating a seamless global solution that benefits organizers, platforms, and ticket buyers alike.

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