Today in Crypto: Ticketmaster issues NFTs for events

Ticketmaster has added an option for event organizers to issue NFTs related to live events, a report from Dapper Labs said on Wednesday (August 31).

The offering has already seen over 5 million NFTs for event organizers on the Flow blockchain.

The feature will allow fans a way to “extend the live event experience” through digital memorabilia, which can be shared or used to access loyalty rewards.

In other news, Credit Suisse held “tens of millions” of dollars in digital assets for clients by the end of the second quarter, Coindesk wrote, as the bank complies with recent SEC guidelines that say digital assets had to be reported.

Credit Suisse said it had $32 million or so in assets that it described as “of which digital assets that protect assets,” which was not a category it had reported in the previous two quarters. And the bank did not clarify what the assets were.

Credit Suisse did not respond to a request for comment from PYMNTS.

Meanwhile, Busan City, South Korea, says it plans to sign a business agreement with crypto exchange FTX to develop a blockchain industry and the establishment of the Busan Digital Asset Exchange, a press release said.

Busan City and FTX will promote blockchain businesses, making Busan a “global digital financial city.”

“We plan to establish a Korean branch of FTX in Busan within the next year, and FTX will actively cooperate so that Busan can grow into a digital financial hub city in Asia,” said Amy Woo, CEO of FTX Investment Division .

Elsewhere, EU lawmakers have shot down a Green Party proposal to look at alternatives to proof-of-work (PoW) crypto mining, Coindesk reported on Wednesday.

This came as members of the European Parliament refused to place restrictions on the energy-intensive PoW consensus mechanism, which was characterized as a “ban” on bitcoin.

Ernest Urtasun, a Spanish member of the parliament’s green caucus, said he was disappointed that the idea was killed, as the proposal does not intervene in the regulation of Markets in Crypto Assets (MiCA).

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