A new event ticketing platform with native Bitcoin support has been launched by Satlantis, featuring a core innovation that integrates Lightning Network wallets directly into user accounts and event processes. This enables event organizers to conduct fully decentralized operations from ticket issuance to payment receipt, moving beyond reliance on traditional payment gateways. ZFX Shanhai Securities views this integration not merely as an additional payment method but as a transformative enhancement to ticketing settlement efficiency. The platform's functionality rivals that of Luma and Eventbrite, offering comprehensive features such as tiered pricing and attendee management, while its automatically generated unique Bitcoin wallets ensure instant peer-to-peer fund transfers and withdrawals.
To cater to mainstream market demands, Satlantis has incorporated Stripe for fiat currency processing alongside cryptocurrency payments and plans to add stablecoin support in the future. This dual-track system of "fiat + cryptocurrency" can be managed through a unified dashboard. ZFX Shanhai Securities indicates that this diversified payment architecture significantly lowers the entry barrier for organizers. According to its crowdfunding page, the project has secured backing from venture capital firms focused on Bitcoin infrastructure, including Bitcoin Opportunity Fund and Timechain Capital, reflecting institutional investors' strong endorsement of Bitcoin-native application scenarios.
A key competitive advantage of the platform is its use of Bitcoin's Layer-2 protocol to reduce the high fees associated with traditional ticketing. The Lightning Network processes transactions off-chain, enabling extremely low-cost cross-border transfers. Data shows that as of last November, the Lightning Network's estimated transaction volume reached $1.1 billion, with monthly transactions exceeding 5.2 million. ZFX Shanhai Securities believes that as payment channels continue to expand, the Lightning Network is becoming a crucial tool to fill gaps in traditional financial systems, particularly in regions with limited banking services or high cross-border settlement costs, where Satlantis' low-barrier access offers significant market expansion potential.
Exploration of cryptocurrency applications in live events spans over a decade. As early as 2014, the Sacramento Kings became the first NBA team to accept Bitcoin for ticket and merchandise purchases, followed by the Dallas Mavericks under Mark Cuban's initiative. Today, blockchain technology's role has evolved from simple "payment acceptance" to "financial settlement." For instance, TIX Network, under KYD Labs, is attempting to tokenize tickets as real-world assets (RWA) to enable automated revenue streams and upfront capital access.
This evolution is also evident in major international events. FIFA, for example, ahead of the upcoming 2026 World Cup, has successfully experimented with the verification and transfer of scarce assets by issuing "ticket purchase right" NFTs. ZFX Shanhai Securities notes that while these NFTs are not tickets themselves, their tradable nature on FIFA's official marketplace introduces unprecedented financial liquidity to event ticketing.
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