In this tutorial, we’ll explore how you can complete a series of tasks in Orochi Network for Bybit Web3 Airdrop Arcade.

In this tutorial, we’ll explore how you can complete Orochi Network tasks for Bybit Web3 Airdrop Arcade. 

Task 2: Quote Orochi Network's Post and Tag 3 Friends

: Navigate to Orochi Network’s pinned post on X.

: Quote the tweet with your thoughts, and tag 3 friends.

 button at the top right corner of the page.

: The Orochi ID window will pop up. You may choose to sign up for an Orochi ID using your Google account, GitHub or email address.

: Congratulations! You’ve successfully created your Orochi ID. 

Task 4: Join the Contribute to Earn Program

: Connect your Wallet, Google account and Discord to be eligible.

: Once you’ve successfully connected all accounts, you’ll have completed this task.

 all of the four tasks above for your chance to 

Beginner

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How to Complete Orochi Network Tasks for Bybit Web3 Airdrop Arcade

MegaETH is an EVM-compatible blockchain with real-time Web 2.0–level performance. Learn more about MegaETH.

 has long been a formidable challenge for the blockchain industry. Most established chains maintain decentralization and security, but struggle with limited scalability while high-performance 

 (L1) blockchains often compromise decentralization to achieve high throughput. 

What if we could push throughput to unprecedented levels without compromising security or decentralization? 

Enter MegaETH — a project backed by industry leaders such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and Dragonfly Capital. With the first real-time 

 (EVM)–compatible chain —i.e., one that can process transactions as soon as they arrive, and then publish the resulting state changes — MegaETH aims to redefine blockchain performance. In this article, we delve into the scaling limitations of current blockchains and examine how MegaETH aims to solve them. Let's dive in!

The blockchain trilemma has posed a significant challenge for 

 developers for years. As Ethereum co-founder Vitalik Buterin explains, distributed ledger networks can only achieve two out of three critical qualities (security, decentralization and scalability) by using simple techniques. 

As a result, most high-performance chains, such as Solana, Avalanche and BNB Chain, often compromise on decentralization or security to achieve scalability.

To address the scalability challenges of L1 networks, developers have introduced 

 (L2) solutions, which operate on top of blockchains such as Ethereum. These L2 chains achieve 

 (TPS) while leveraging the security and decentralization of their underlying L1s. However, according to MegaETH, both high-performance L1 and L2 networks fall short of meeting the demands of Web 2.0–scale applications, particularly in terms of 

As shown in the table above, the blockchain with the highest scalability, opBNB, achieves a gas rate of 100 MGas/s, equivalent to 650 Uniswap swaps or 3,700 

 transfers per second. In comparison, modern databases can 

 over 1 million TPC-C TPS. While Arbitrum One, the fastest chain listed, offers a block time of 0.25 seconds, this remains insufficient for applications requiring rapid feedback or high update rates. 

These limitations in both scalability and speed make current high-performance L1s and L2s ill-suited for Web 2.0 applications with significant computational demands.

 is an EVM-compatible blockchain with real-time Web 2.0–level performance. With the goal of bridging the gap between distributed ledger networks and traditional cloud computing servers, the project aims to push the performance of Ethereum-based L2s to hardware limits. As the first real-time blockchain, MegaETH can stream transactions at 100,000 TPS with transaction fees under $0.01, and provide millisecond-level responsiveness without sacrificing security or decentralization.

MegaLabs, the organization behind MegaETH, was founded in early 2023 by Shuyao Kong and Yilong Li. Holding an MBA from Harvard Business School, Kong has a background in business development within the blockchain industry. Prior to co-founding MegaLabs, she was the global head of business development at ConsenSys, where she continues to serve as an advisor.

As the Chief Executive Officer (CEO) of MegaLabs, Li has a PhD in computer science from Stanford University. An experienced software developer, he previously worked at Runtime Verification Inc., a firm specializing in software analysis tools and the application of formal methods to improve computing systems.

Together, Kong and Li founded MegaLabs in early 2023 to leverage their business development and computer science expertise to build MegaETH as the first real-time blockchain.

 $20 million of funding in a single seed round at a 9-figure valuation. The round was led by Dragonfly Capital, with other notable venture capitalists including Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holdings, Tangent Ventures and Credibly Neutral. In addition to VCs, MegaETH is backed by high-profile angel investors, such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and EigenLayer creator Sreeram Kannan.

 on crypto trader Cobie’s decentralized fundraising platform, Echo. The round was fully funded within minutes and oversubscribed, showing significant investor demand.

MegaETH achieves over 100,000 TPS with less than 1 ms latency and block time, as well as transaction fees under $0.01, via two core features: a heterogenous blockchain architecture and a hyper-optimized EVM execution environment.

MegaETH's heterogeneous blockchain architecture enables network nodes with different hardware configurations to specialize in specific tasks to boost performance.

There are three types of nodes: sequencers, full nodes and provers. With cutting-edge hardware, a small set of sequencers conduct performance-critical tasks such as transaction execution. Simultaneously, a massively decentralized network of full nodes performs security-critical duties such as block validation. Provers have the lowest hardware requirements, and focus on providing L2 proofs to full nodes.

Hyper-Optimized EVM Execution Environment

MegaETH provides a hyper-optimized EVM execution environment to push latency, throughput and resource efficiency to hardware limits. Consequently, the real-time blockchain can process large volumes of transactions as soon as they arrive, and publish the resulting state changes in a few milliseconds.

To enable real-time EVM execution, MegaETH co-designed a low-latency, streaming-based block-building algorithm with a concurrency control protocol supporting transaction prioritization.

MegaETH's real-time blockchain scales without sacrificing decentralization and security through the following key components and features.

 is an extension of the MegaETH core team. It consists of a group of 10x builders hand-picked by MegaETH developers. According to the project, MegaMafia participants have "an internal compass guiding them toward crypto's world domination."

MegaETH defines three common qualities for MegaMafia members:

MegaETH is setting a new standard for blockchain scalability, addressing long-standing limitations without compromising decentralization or security. By combining innovative architectural decisions with technologies like real-time EVM execution, in-memory computing and smart contract JIT compilation, this real-time L1 chain delivers unmatched performance tailored for Web 2.0–scale applications.

Supported by high-profile investors, such as Vitalik Buterin and Joseph Lubin, MegaETH is poised to bridge the gap between blockchain and traditional computing, unlocking new possibilities for decentralized applications. The project is on track to launch its testnet in early 2025, with the mainnet rollout soon thereafter.

Advanced

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MegaETH: A Real-Time Blockchain for Web 2.0–Scale DApps

Grayscale has launched the Horizen Trust, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it.

Daily Top Performer — Convex Finance (CVX)

The S&P 500 rose 0.73%, driven by big tech and communication services, as investors anticipate a "Santa Claus Rally" to close the year. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.61%, with Bitcoin dropping by 2.58% and Ether rising by 4.32%, respectively in the past 24 hours.

Today's top performer is CVX, which surged 28.1% following Frax's consideration of BlackRock's BUIDL token as backing for the rebranded frxUSD stablecoin.

Convex Finance (CVX), launched in May 2021, is a DeFi protocol that boosts yields for Curve protocol users on Ethereum. It allows for staking to earn CRV and CVX tokens and provides voting rights on token allocations. Securitize has 

 adding BlackRock's BUIDL token as backing for Frax's rebranded Frax USD (frxUSD) stablecoin, which will feature a new mint-redeem system. Early feedback from Frax DAO members is positive. Competing proposals from Superstate also suggest backing frxUSD with their tokenized funds. The final backing structure is still undecided.

Check Out the Latest Prices, Charts, and Data of 

, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it. The fund's shares track the market price of ZEN, net of fees. While the shares have been traded at both a premium and discount, the fund aims to provide a simpler way for investors to gain exposure to ZEN. Grayscale is also expanding its offerings, with plans for a Solana spot ETF.

Yesterday, BTC Spot ETFs recorded total outflows of $258.2 million, including $38.4 million from GBTC and $219.8 million from non-GBTC funds.

, distributing $SONIC tokens to those who participate. Over 2 million users have joined through an easy onboarding process, requiring no wallet setup or gas fees. To qualify for the airdrop, users must log in via TikTok, access SonicX, and wait for the $SONIC claim banner. SonicX, part of the Sonic SVM app layer, uses TikTok ads and creator partnerships to promote its gaming and blockchain education hub. The project aims to expand its TikTok Chain with new games and future token rewards.

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Grayscale Introduces Horizen Trust for ZEN Investment Access

Gems VIP (GEMS) is crypto launchpad uniting leaders to curate top projects, boost growth, and offer rewards via staking, revenue sharing, and exclusive access.

The cryptocurrency industry features over a hundred active launchpad platforms where new projects vie for the attention and funds of early investors. However, many of these launchpads have limited safeguards for investors and offer underwhelming support and growth opportunities for crypto projects launched through them. Investors often fall victim to scam launchpad projects and tokens, while crypto startups fail to raise enough funds from quality backers.

Gems VIP (GEMS) is a crypto launchpad that’s adopted a unique community-driven approach to dealing with both of these problems. It carefully curates projects listed on the platform to ensure that only high-potential, promising tokens are offered to investors. Additionally, Gems VIP has assembled a formidable community of crypto leaders who provide their input on the listed projects and gain access to early sale rounds for their tokens. Besides early access to high-potential tokens, the leaders enjoy additional benefits — 

 in the form of revenue sharing from the launchpad's projects, discounts on the platform's exchange solution, Gems Trade, and staking opportunities for GEMS, the platform's native cryptocurrency.

 (GEMS) is a launchpad supported by a community of leaders in the crypto space. 

The platform features a rigorous curation procedure for listed tokens and provides the community of leaders with access to early sale rounds for these tokens. Gems VIP's community leaders not only 

 via the platform, but also may provide support and expertise to drive their early growth and development.

Gems VIP was launched in late 2023. By December 2024, it had assembled a community of around 3,500 leaders, a number that may grow as the project continues to expand. Gems VIP's native cryptocurrency, GEMS, was launched in June 2024. Leaders can lock a certain minimum amount of GEMS to gain exclusive access to private sale rounds and receive significant discounts during sales.

Platform users, including leaders, who lock at least 5,555 GEMS ($694) become Golden Users, which qualifies them for a 20% discount on the presale round of private sales and a 7% discount on subsequent rounds. To become a Premium Leader and enjoy the full suite of benefits and discounts, leaders need to lock at least 18,000 GEMS (currently around $2,250).

However, you can't simply buy your way into the leader community by purchasing GEMS tokens. Each potential leader is carefully assessed by the project team for suitability. Only individuals deemed as bringing value to the project's potential and its vibrant community are accepted as leaders. Thus, a manipulative 

 who buys up a lot of GEMS tokens in the hope of monopolizing access to private sale rounds will be left disappointed.

The leaders often provide guidance and support to the launchpad's projects, as well as input during the project selection phase. This ensures that the Gems VIP team's expertise is complemented by the leaders' skills when evaluating prospective projects.

Projects selected and launched via Gems VIP enjoy the benefit of being supported by a vast network of leaders and the Gems VIP core team itself. Early investments from community leaders provide much-needed capital to spur the growth of these projects.

There are also certain benefits for other investors (not only the leaders) when buying the projects' tokens in later public rounds or via the secondary market. The curated selection procedure and early backing from astute leaders reduce the risk of investing in scam tokens on the secondary market.

Gems VIP supports promising, innovative crypto startups across a range of 

 (AI). Some of the projects successfully launched via Gems VIP include game development studio Leia Games and AI-powered 

As of late December 2024, the launchpad actively supports its newest key project — an AI-powered crypto trading platform, 

, which provides crypto traders with convenient Telegram access to investment calls and advice from a carefully curated list of key opinion leaders (KOLs).

Gems’ young platform is continuing to develop. Following the introduction of its launchpad service, the platform's next key goal is the launch of its own crypto exchange solution, 

. As of late 2024, Gems Trade is a work in progress. It will serve as a natural evolution of the overall Gems VIP platform by enabling a trade in tokens of the launchpad's projects.

, vault services with an off-chain Stake & Earn program, 

, fiat currency integration and over-the-counter (OTC) trading. Part of the revenue from transaction fees will be channeled to community leaders. In addition to the income from trading activity, the leaders will also earn referral rewards — every time a user referred by a leader transacts on Gems Trade, 50% of transaction fees from their trades will be directed to the referrer for life.

The platform's native cryptocurrency, GEMS, is primarily used to provide exclusive access to early sale rounds for tokens and discounts during the sales. Additionally, GEMS ownership may entitle holders to a share of the revenues generated by the Launchpad's projects.

 built into its tokenomics. All projects launched via Gems VIP are required to allocate 2% of proceeds from the sale of their tokens to purchase GEMS. This applies to each sale round conducted by the project. Fifty percent of the purchased GEMS tokens are locked for one year and then returned to the project, while the remaining 50% are burned to reduce the token's supply.

The GEMS token was launched in June 2024 with a total supply of 843.3 million. As of Dec 23, 2024, the token's total supply is slightly lower — 838.79 million — due to the burn mechanism described above. The token's current market capitalization is $55.45 million, making it the eighth-highest-capped cryptocurrency in the launchpad tokens category.

The initial total supply of 843.3 million GEMS was allocated as shown in the chart below.

 function. Users and leaders can earn competitive APY rates by staking their tokens on the platform. As of Dec 22, 2024, the Gems VIP staking program has an APY rate of around 29%.

There's a mandatory lockup period of 90 days from the date of deposit before you can receive or restake your staking rewards. You can unstake your principal tokens at any time, but will need to wait for seven days before your staked tokens are released back to you.

 as a Perpetual contract based on USDT. You can also join the 

 for the chance to win a share of the 20,000 USDT prize pool. The campaign is split into two events, running through Dec 25, 2024, 10AM UTC. For the first event, with a total prize pool of 5,000 USDT, users who accumulate a trading volume of just $100 via the GEMSUSDT Perpetual contract will have a chance to win a share of the prize pool. The second event is a GEMS PnL Trading Championship, in which the top 50 traders who accumulate a trading volume of at least $50,000 on the contract will qualify for a share of the 15,000 USDT prize pool.

As of Dec 24, 2024, GEMS is trading at $0.125, which is 61% lower than its ATH of $0.32 on Oct 18, 2024, and 350% higher than its ATL of $0.02765 on Aug 5, 2024. Since its launch six months ago, the token has experienced its ups and downs. However, GEMS is up by approximately 121% compared to its initial market price in mid-June 2024, outperforming Bitcoin (BTC) and the overall crypto market during this half-year period.

The Gems VIP team has developed an intriguing concept for running a launchpad. Mobilizing leaders of the crypto world to support new innovative projects is definitely a significant boost for aspiring web3 startups, which often struggle with initial momentum due to lack of both funding and external expertise. The community of leaders plays a vital role in helping early promising projects to overcome initial market resistance. 

For the leaders, the platform is also a viable source for sharing their industry insights, providing tangible help to new web3 initiatives and simultaneously accessing income opportunities through the projects' revenue-sharing commitments.The Gems Launchpad also offers an important benefit for the wider investor community: the platform's rigorous curation process and the support of its leader community ensure a significant reduction in the risk of investing in unsustainable or 

Intermediate

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Gems VIP (GEMS): Where Leaders Drive Projects and Success

Bybit Learn

Web3 Experts

Join us in the fourth installment of the Learn Web3 with an Expert series where we share more insights on how NFT tickets offer a new dimension for experiences.

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Concert tickets have long been treasured keepsakes for music enthusiasts, serving as tangible reminders of memorable live experiences. However, in today's digital age, paper tickets have been replaced by electronic versions such as PDFs and QR codes, diluting their sentimental value and collectability. Still, a new technology is emerging that has the potential to change the way we buy and use concert tickets — non-fungible tokens (

 on Bybit Learn, we aim to demystify these complex topics and provide insightful perspectives from industry leaders. Join us in this fourth installment as we invite four experts — Bobby Chow from LightCycle, Sjuul from AltCryptoTalk, Ran Neuner from Crypto Banter, and Jenny from Bybit Web3 — to share their insights on how NFT tickets offer a new dimension for experiences like Robbie Williams’ first-ever concert in the metaverse. 

NFT tickets are a new form of event entrance pass created using non-fungible tokens. These tickets use blockchain encryption to verify the identity of ticket holders and prevent fraud

NFT tickets offer ticket holders unique digital assets and exclusive experiences related to the event they’re attending.

Unlike conventional digital tickets that use barcodes or QR codes, NFT tickets are more secure, traceable and interactive. They can be used for any live or virtual event, such as concerts, festivals, sporting events and conferences.

NFT tickets are digital passes that are stored and managed on a blockchain, ensuring the ownership and origin can be verified securely. This innovation helps reduce ticketing issues commonly associated with conventional models, such as counterfeiting or double-booking.

Event organizers create an NFT template for their tickets with the required data fields and ticketing logic. This template is then uploaded to a blockchain for storage and management. Most NFT tickets today follow the ERC-721 standard on the 

Users can snag NFT tickets using cryptocurrencies or fiat currencies from marketplaces, websites or apps. Upon purchase, they receive a digital asset (NFT) proving their ticket ownership. This asset is stored in their 

, a type of software that allows users to interact with the blockchain.

When attendees arrive at the venue, they must present their NFT tickets to gain entry into the event. These digital tickets will be compared to a list of validated digital assets stored on the blockchain. If a match is found, ticket holders will be granted entry to the event. This entire process can be automated using 

 — coded agreements that automatically execute once the required conditions are met.

Users can resell their NFT tickets on secondary markets, such as 

. They can even transfer them to other buyers, who can then use them to access the event. Event organizers can also set up 

 or fees paid to the original seller whenever the NFT is resold. This setup can create a new revenue stream for both organizers and creators.

Robbie Williams ‘Beyond Reality in LightCycle’ Virtual Concert Ticket

One of the most prominent examples of NFT tickets is the upcoming 

 of pop star Robbie Williams, who is celebrating his 25th anniversary making music. The concert, titled 

Robbie Williams Beyond Reality in LightCycle — A Virtual Music Experience

, will feature the English singer-songwriter performing in various virtual environments, such as a futuristic city, a space station and a fantasy world.

 is the official NFT marketplace selling NFT tickets and collectibles for the concert. The 

 grants its holders access to perks, such as a unique collector’s edition digital ticket, meet-and-greet sessions, signed merchandise and virtual perks. These NFT tickets can also be resold or traded on the secondary market so they may increase in value over time.

Compared to traditional tickets, NFT tickets offer several advantages, for both event organizers and attendees.

At a recent roundtable on the future of virtual concerts and NFTs held by Bybit Web3 and LightCycle, Sjuul, the founder and CEO of AltCryptoTalk and also known as AltCryptoGems, talked about the space-transcendental benefits a virtual concert and NFT brings. 

Highlighting the way these digital innovations are reshaping the music industry, Sjuul said, "First of all, the virtual concert itself … because it's now virtual, a lot more people are able to attend," he observed, pointing out the increased accessibility that virtual platforms offer. This eliminates geographical barriers, allowing fans from across the globe to experience live music events without the need for physical travel.

He further noted the commercial advantages, stating, "I think that way, commercial-wise, a lot more people are able to buy a ticket and go to the actual concert." This inclusivity not only benefits fans, but also opens up new revenue streams for artists and event organizers.

AltCryptoGems also touched on the burgeoning market for virtual merchandise and experiences sold through NFTs. "I've seen stories about virtual merchandise being sold [as] NFTs," he remarked, highlighting the expanding ecosystem of digital collectibles and experiences. In addition, the phenomenon of virtual reality experiences being sold as NFTs underscores the innovative ways in which artists can engage with their audiences, offering immersive and interactive experiences beyond the concert itself.

Bobby Chow, co-founder and co-CEO of LightCycle, shared his enthusiasm for the innovative possibilities that the metaverse platform LightCycle offers for concert experiences. Highlighting the upcoming Robbie Williams virtual concert, he notes the limitations of physical concerts, such as fixed stage designs and constraints on lighting, display and sound effects, which are non-issues in the virtual environment of LightCycle. "Within LightCycle, those limitations just don't exist," Chow states, giving artists and producers unlimited expressive freedom in crafting the concert experience.

He emphasizes the goal of delivering a concert experience that diverges significantly from traditional live events. The team behind LightCycle is working diligently to harness this creative potential, aiming to showcase these capabilities in Robbie Williams' virtual concert. 

Chow also touches on the partnership with Bybit, which serves as the official NFT marketplace for LightCycle. This collaboration is strategic in addressing concerns about security and authenticity in the NFT and crypto spaces, where scams can be prevalent. "So the onboarding of clients, the inner ticketing purchase will be safe and secure," he assures, underlining the importance of a trustworthy platform for ticket sales.

Bobby Chow concludes with a promise of further details to come, signaling ongoing efforts to refine and enhance the metaverse concert experience. This collaboration between LightCycle and Bybit is a deliberate step toward merging innovative digital experiences with the security and trust traditionally found in physical event ticketing.

New uses for NFTs can be explored in various formats, as follows.

The Use of Traditional Tickets in Concerts

Traditional tickets, typically physical or printed, are issued by concert organizers or venues to grant event access. They usually feature a barcode or QR code for scanning at the entrance, along with details such as date, time, location and seat number. Some may even have additional security features, like holograms or watermarks, to prevent fraud.

Traditional tickets can serve as cherished mementos for attendees, and some concertgoers like having physical memorabilia. In addition, they’re easy to pass on to others, without the need for online registration.

However, traditional tickets are prone to loss, theft or damage, potentially resulting in denied entry or costly replacements. They may also be more expensive and time-consuming to produce and manage as compared to digital options. 

Traditional Concert Tickets vs. NFT Concert Tickets

Both types of tickets serve the same purpose — namely, granting access to a musical event, such as a concert or festival. They can be bought online or through authorized sellers, and are scanned for entry validation.

However, the differences are notable. Traditional tickets can be either physical or digital, but are typically used once and hold no resale value. In contrast, NFT tickets are non-fungible tokens representing unique digital assets verified on the blockchain, and can often be seen as art pieces as well. They can be resold or traded at online marketplaces that are accessible to more people, with their value fluctuating based on demand. NFT tickets also offer exclusive benefits, such as backstage passes or meet-and-greets with performers. They offer better security, transparency and flexibility as compared to traditional tickets.

The Transition of Traditional Tickets to NFTs

The shift from traditional tickets to NFTs is reshaping the music industry and beyond, with more artists and platforms embracing NFT technology. This evolution isn’t merely a shift in how tickets are distributed, but rather a transformative movement that enhances fan engagement, ownership and the value of memorabilia, as highlighted by insights from industry expert Bobby Chow, Co-Founder & Co-CEO of LightCycle.

Bobby Chow emphasizes the empowerment of fans through NFT tickets, which offer a sense of ownership and control over their concert experiences. This new form of ticketing goes beyond simple event access, presenting fans with a digital asset that retains value post-event. NFTs introduce fans to exclusive content, access to special events and novel features such as virtual concerts, thus redefining the traditional fan experience into something more interactive. Robbie Williams' inaugural NFT launch exemplifies this shift by providing fans with an immersive experience that goes beyond traditional ticketing.

In addition, this new vehicle influences fans' behaviors and attitudes. They engage with their NFT tickets differently, sharing them on social media or in virtual spaces and promoting a sense of community. Fans also may enjoy collecting NFT tickets as digital memorabilia.

Looking Ahead: Breakthroughs and Partnerships

Bybit Web3 evangelist Jenny Zheng spoke about the opportunities and potential for NFTs to amplify the fan experience. She views the Robbie Williams virtual concert in LightCycle as more than just a singular event, seeing it as a testament to the metaverse's potential within the music industry. She believes this concert symbolizes a breakthrough, highlighting the way virtual spaces can transcend geographical limits and offer richer, more immersive experiences to users. "It's kind of like a testament and glimpse into the potential of the metaverse for the music industry," she explains, emphasizing the role of platforms like Bybit in facilitating access to these innovative web3 features.

Zheng notes that Bybit serves as a trusted gateway, enriching the metaverse with tools like NFTs, which enable unique experiences like backstage access, limited edition merchandise and even DAO participation for deeper fan engagement. "We can also attach more, give more tools to the metaverse such as NFTs, that offer unique experiences," underscoring the transformative potential of these technologies in fostering a closer connection between fans and artists.

Furthermore, Z.heng describes how tokenization on platforms like Bybit can introduce 

, creating new revenue streams for artists and democratizing music investment. This approach not only benefits artists, but also empowers fans by offering them a stake in the music they love. "So you can find all these amazing web3 features on Bybit … we can definitely make web3 and metaverse in the music industry mainstream," she concludes. 

Zheng’s vision showcases an optimistic vision for the integration of web3 technologies into the mainstream music industry, facilitated by platforms that bridge the gap between traditional music experiences and the burgeoning world of the metaverse.

Owning digital assets such as NFT tickets grants fans certain advantages and more control. They can verify and authenticate their tickets on the blockchain, and they have the freedom to transfer or dispose of them as they wish. Ownership may come with perks like royalties or voting power, depending upon the platform's smart contracts.

Digital asset ownership also confers a sense of scarcity and value. Fans can own unique, limited editions of tickets that may appreciate in value over time, based on event demand and artist popularity. This structure provides opportunities for investment, trading or even charitable donations, depending upon market trends. 

Reshaping the Concept of Concert Memorabilia

The transition to NFTs is reshaping the concept of concert memorabilia, moving it from the physical to the digital realm and transforming it into enduring, secure digital collectibles. These NFTs, enhanced with features like animation and interactivity, evolve from mere access tools into valued keepsakes, marking a significant departure from traditional, often ephemeral, concert memorabilia.

NFT tickets change memorabilia from fleeting to enduring. They’re stored on the blockchain, ensuring their permanence and security. Fans can verify their NFTs’ authenticity and trace their history. Artists like Robbie Williams can engage and grow communities by providing access to exclusive content and opportunities to participate in fan communities.

At the same roundtable, Ran Neuner, CNBC trader and founder of Crypto Banter, shared enthusiastic views on the evolution of the NFT space, emphasizing the importance of tangible utility behind digital assets. He expresses a keen interest in NFTs that offer real-world applications beyond mere digital ownership. 

"I love the NFT space's use cases for the actual NFTs," he states, critiquing the earlier trend of highly-priced NFTs that offer little beyond digital bragging rights. He points out a shift away from the superficial aspects of NFT ownership toward more meaningful engagement: "I think we're slowly realizing that those days were actually just nothing."

Highlighting examples of this evolution, Crypto Banter praises projects such as Pudgy Penguins for leading the way in transforming NFTs into licenses for physical merchandise and potentially multimedia franchises. "I think Pudgy Penguins is doing amazing things … you can license your Pudgy Penguin and people can create soft toys," he remarks, hinting at the future possibilities of NFTs branching out into movies or video games. This approach, according to Crypto Banter, marks the beginning of a new era, one in which NFTs serve as the foundation for a broad spectrum of applications.

However, Neuner acknowledges the necessity of the initial phase of NFT development, or "V1," as a stepping stone to the current innovations. "But I think we have to go through V1 to get to where we're at today," he reflects, suggesting that the journey through the initial phase was essential for the space to mature and progress. 

Looking ahead, Crypto Banter sees a promising future for the NFT market, one that moves beyond static digital collectibles to interactive and multifaceted digital assets. "But now it's time to move forward," he concluded, expressing optimism for the continued evolution and increasing utility of NFTs in the digital world.

The sports industry's successful foray into 

, and serves as a compelling blueprint for the music sector, which, with its rich tapestry of moments and memorabilia, is ripe for a similar transformation. The potential to digitize rare and vintage photos, autographs, video clips and more into NFTs opens up new avenues for preserving and appreciating music history.

 collection, which revealed an astonishing treasure trove of never-before-seen vintage photos of iconic rock stars. Initially hidden away in postal containers, this collection has been revitalized through a partnership with 

, bringing these historic moments into the digital age as NFTs. This initiative not only preserves these precious memories but also makes them accessible to a global audience, ensuring that these pivotal moments in music history are celebrated and passed down through generations.

In conclusion, the adoption of NFTs in the music industry represents a pivotal shift toward digital collectibles that encapsulate the essence of music's most unforgettable moments. With insights from experts, it's clear that NFT tickets are not just transforming ticketing and memorabilia but are also enhancing the fan experience, offering a new model of engagement and ownership in the digital age.

The shift from traditional tickets to NFTs isn't just about technology; it's a cultural revolution shaping the future of concert attendance. With more artists, organizers and platforms embracing NFT technology, industry watchers anticipate a surge in diversity and creativity in NFT tickets and memorabilia.

One trend that may take hold is the rise of hybrid and cross-platform events. These will blend live and virtual elements, and be accessible across various devices, such as smartphones, tablets or VR headsets. NFT tickets will facilitate seamless access and offer immersive experiences.

Personalized and customized memorabilia will become more popular. Fans are becoming more discerning, seeking memorabilia that reflects their tastes and the artists' styles. NFT tickets will enable fans to tailor their memorabilia, and give artists the tools to create unique pieces.

Finally, concert memorabilia will become more social and collaborative in nature. As fan communities become more active, NFT tickets will encourage stronger connections between fans and artists, who can share their memorabilia, co-create pieces and strengthen bonds within their communities.

The shift from traditional ticketing to NFT-based tickets marks a pivotal transformation in how we experience live concerts. These digital tickets enhance the security, authenticity and overall engagement of fans, paving the way for an exciting future in the realm of live events. With the continuous evolution of technology and the dynamic response of the market, we're on the cusp of witnessing even more innovative and creative uses of NFT ticketing that promise to rejuvenate the live concert scene. Insights from industry experts have also illuminated the significant potential of NFTs to transform the concert-going experience.

From Traditional Tickets to NFTs: The Revolution in Concert Memorabilia

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