ICYMI: A Paris crypto conference suffers a curious case of NFT ticket scalping gone wrong
A group of anonymous crypto investors tried to scalp 200 tickets for the EthCC 5 conference.A group of anonymous crypto investors are engaged in a dispute with the organizer of the Ethereum Community Conference conference set to take place in Paris next month.published today, that the 200 tickets they paid for directly on the Polygon blockchain — in the hope of reselling some of them — were all invalidated and they only received half of their money back.
The group of crypto investors say they were originally trying to secure some tickets for EthCC to keep for themselves, to hand out to friends and to sell to others. When they missed out on the early bird tickets that sold out, they decided to snap up some of the next batch before anyone else. There was one challenge they had to bypass to do this. Not only did the website state that the tickets were non-refundable, but the NFT code itself enforced this. So, the group came up with a workaround. It essentially wrapped the tokens using Gnosis Safe, a construct they could — and tried to — sell on NFT marketplace OpenSea. Buyers would be able to take control of the wrapped token and unwrap it, taking ownership of the NFT itself.
Yet in today’s Medium post, the group continues to demand the remaining amount. They acknowledge that their intention to scalp the tickets is something that’s “frowned upon” but argue that the tickets should be valid, since the opposite would undermine the use-case of NFTs as on-chain, decentralized tickets. That, or a refund should be issued.
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