Satlantis has launched as a Bitcoin-native occasions and ticketing platform that embeds Lightning wallets straight into person accounts and occasions, permitting organizers to problem tickets and obtain funds in Bitcoin with out relying solely on conventional fee processors.
In keeping with an announcement shared with Cointelegraph, the platform capabilities equally to companies like Luma and Eventbrite, providing ticket tiers, attendee administration and occasion pages, however routinely generates a singular Bitcoin (BTC) pockets for every occasion to facilitate direct funds and withdrawals.
Satlantis additionally integrates with Stripe to course of fiat funds and mentioned it plans so as to add stablecoin help, permitting organizers to just accept Bitcoin, conventional forex or each by means of a single dashboard.
In keeping with Satlantis’s crowdfunding page, buyers within the startup embody Bitcoin Alternative Fund and Timechain Capital, a enterprise capital fund devoted to Bitcoin infrastructure initiatives.
Utilizing Lightning Community to chop charges
The corporate mentioned its mannequin is a approach to scale back ticketing charges and increase entry in areas the place conventional fee rails are restricted, utilizing Bitcoin’s Lightning Community to allow low-cost, cross-border transactions.
The Lightning Community is a layer-2 protocol constructed on Bitcoin that permits sooner, lower-cost transactions by processing funds off-chain.
In keeping with knowledge cited lately by River advertising director Sam Wouters, the community’s transaction quantity reached an estimated $1.1 billion throughout 5.2 million transactions in November.
Associated: How many people actually pay with Bitcoin? Real use cases revealed
Crypto’s increasing position in ticketing and dwell occasions
Efforts to combine cryptocurrency into ticketing predate many present Web3 platforms, with sports activities groups and journey firms experimenting with digital-asset funds for greater than a decade.
In sports activities, the Sacramento Kings turned the primary NBA workforce to just accept Bitcoin for tickets and merchandise in 2014. The Dallas Mavericks followed in 2019 after proprietor Mark Cuban signaled plans to help crypto funds, finally permitting followers to buy sport tickets with Bitcoin.
Past fee acceptance, blockchain firms are additionally experimenting with how dwell occasions are financed and settled. TIX, the onchain settlement community behind KYD Labs, goals to turn tickets into tokenized real-world assets that can be utilized to entry upfront capital and automate compensation flows.
Main sporting our bodies have additionally explored blockchain-based ticket-linked merchandise. FIFA, the worldwide governing physique for soccer, has experimented with non-fungible token (NFT) initiatives tied to its tournaments. NFTs are unique blockchain-based tokens that confirm possession of a selected digital asset.
Forward of the 2026 World Cup, FIFA sold “right-to-buy” NFTs granting holders a reserved window to buy match tickets at face worth if sure circumstances are met. The tokens should not tickets themselves however might be traded on FIFA’s NFT market.
Journal: Is China hoarding gold so yuan becomes global reserve instead of USD?
