GPT-3 Answers to the NFT Ticketing Quest

What does Open AI thinks about the the questions posted in this post on NFT ticketing? Before the answers some analysis ...

Most of these answers would help a 5th grader writing an essay. Most adults would appreciate the answers if they were cut by 80-90%. Sometimes a simple "I don't know" would have sufficed. This quest also showed that the quality of questions is as paramount and the answers. And that data fed into this GPT bot lacks an quantitative insights on sales, companies, projects, etc.. The answers at the intersections of web2 and web3 are amazingly superficial. It felt like reading an essay by someone who has nothing to say. At least the answers were not double spaced. It's worth noting how little variability exists in the text related to web3 topics.  Overall the answers chart the basic structure for further research and affirm common knowledge about the ticketing industry. Questions in bold are mine. Answers are from the GPT bot. Enjoy.

On business domain

Q: Who are the key players in the event ticketing ecosystem?

A: There are several key players in the event ticketing ecosystem, including ticket sellers, ticket buyers, event organizers, and ticketing platforms. Ticket sellers can be individuals or organizations that sell tickets to events. Ticket buyers are individuals who purchase tickets to attend events. Event organizers are responsible for planning and hosting events, and they often work with ticket sellers and ticketing platforms to sell tickets to their events. Ticketing platforms are websites or software applications that enable ticket sellers to list and sell tickets online, and they may also provide marketing and other services to event organizers. Some well-known ticketing platforms include Ticketmaster, Eventbrite, and LiveNation.

Answer rating: probably good enough for a 5th grader writing a school essay.

Q: What’s the lifecycle of a ticket?

A: The lifecycle of a ticket typically begins when an event organizer plans and schedules an event, and decides to sell tickets to the event. The event organizer may work with a ticket seller or a ticketing platform to list the tickets for sale online or at a physical location.

Once the tickets are listed for sale, ticket buyers can purchase them through the ticket seller or ticketing platform. The ticketing platform may issue the ticket to the buyer electronically, or the buyer may receive a physical ticket in the mail.

After the ticket has been purchased, the ticket buyer may use it to gain entry to the event. The ticket may be scanned at the entrance to the event to confirm that it is valid and has not already been used.

Once the event is over, the ticket is no longer valid and the lifecycle of the ticket is complete. In some cases, tickets may be transferable, which means that the original ticket buyer can sell or give the ticket to another person, who can then use it to attend the event.

Answer rating: this answers the question, but offers no insights.

Q: How is the pricing/economics determined through post-event follow-up?

A: Pricing and economics for events are typically determined before the event takes place, based on a variety of factors such as the cost of putting on the event, the demand for tickets, and the perceived value of the event to ticket buyers.

After the event takes place, the event organizer may conduct a post-event analysis to evaluate the success of the event and identify areas for improvement. This analysis may include reviewing ticket sales data, surveying attendees, and analyzing feedback from event staff and vendors.

Based on the results of the post-event analysis, the event organizer may adjust the pricing and economics for future events. For example, if the event was not as successful as expected and ticket sales were lower than anticipated, the event organizer may decide to lower ticket prices for future events in order to increase demand. On the other hand, if the event was very successful and ticket sales exceeded expectations, the event organizer may decide to increase ticket prices for future events in order to maximize profits.

Answer rating: a 5th grader answer, but interesting to note that maximization of profit is the driving factor.

Q: What does the business model(s) look like for ticket sellers and all ecosystem providers?

A: One common business model for ticket sellers is to charge a commission on each ticket sold. Under this model, the ticket seller lists tickets for sale on behalf of the event organizer and charges a percentage of the ticket price as a commission. The ticket seller may also charge additional fees, such as processing fees or service charges, to cover the cost of selling and distributing the tickets.

Another business model for ticket sellers is to purchase tickets in bulk at a discounted rate and resell them to consumers at a markup. This model, known as ticket scalping, is controversial because it can lead to higher ticket prices for consumers and may be illegal in some jurisdictions.

Ticketing platforms also typically use a commission-based business model, in which they charge event organizers a percentage of the ticket price for each ticket sold through their platform. In addition to the commission, ticketing platforms may also charge event organizers additional fees for services such as marketing and event management tools.

Event organizers may use a variety of business models, including charging admission fees for events, selling sponsorships and advertising to generate revenue, and offering VIP packages or other premium experiences for an additional fee. The specific business model used by an event organizer will depend on the nature of the event and the target audience.

Answer rating: basic answer, but useful for someone with no knowledge of the industry. The re-generated answer, below, didn't offer any additional insights.

Q: How does the money flow?

A: The money flow in the event ticketing ecosystem can vary depending on the specific business model and arrangements between the various players.

In general, when a ticket is sold, the ticket seller or ticketing platform will collect payment from the ticket buyer, and then pass on a portion of the ticket price to the event organizer. The ticket seller or ticketing platform will typically keep a portion of the ticket price as their fee for providing ticketing services.

For example, if a ticket to an event costs $100 and the ticket seller is charging a 10% fee, the ticket seller would collect $100 from the ticket buyer and then pay $90 to the event organizer, keeping the remaining $10 as their fee.

The event organizer may also have additional expenses, such as paying for venue rental, event staff, and other costs associated with putting on the event. The event organizer will need to generate sufficient revenue from ticket sales and other sources to cover these expenses and generate a profit.

In some cases, event organizers may also work with sponsors or partners to help fund the event, and these sponsors may receive various benefits in exchange for their support, such as branding and marketing opportunities.

Answer rating: stating the obvious, but OK.

Q: Who are the intermediaries? What role to they play?

A: Intermediaries are entities that facilitate transactions or communications between two or more parties. In the event ticketing ecosystem, intermediaries can include ticket sellers, ticketing platforms, and other entities that facilitate the sale and distribution of tickets.

Ticket sellers and ticketing platforms are intermediaries that connect event organizers with ticket buyers. They may list tickets for sale on behalf of event organizers, and facilitate the sale and distribution of tickets to buyers. Ticket sellers and ticketing platforms may also provide additional services to event organizers, such as marketing and customer support.

Other intermediaries in the event ticketing ecosystem may include third-party brokers or resellers, who buy and sell tickets on the secondary market. These intermediaries may obtain tickets from a variety of sources, such as event organizers, ticket sellers, or individual ticket holders who are looking to sell their tickets. They may then sell these tickets to buyers at a markup, either through their own websites or through online marketplaces such as StubHub or Viagogo.

Overall, intermediaries play a key role in connecting event organizers with ticket buyers and facilitating the sale and distribution of tickets to events.

Answer rating: helpful. This shows the moving parts in the ticketing ecosystem that will have to be examined separately. The mention of marketplaces is another exploratory area.

Q: What does the ticket sale lifecycle looks like? Who controls it? Why?

The ticket sale lifecycle refers to the process of planning, promoting, and selling tickets to an event, and it involves several key players.

The event organizer is typically responsible for planning and scheduling the event, and for determining how many tickets will be available for sale and at what price. The event organizer may work with a ticket seller or a ticketing platform to list the tickets for sale online or at a physical location.

Once the tickets are listed for sale, ticket buyers can purchase them through the ticket seller or ticketing platform. The ticketing platform may issue the ticket to the buyer electronically, or the buyer may receive a physical ticket in the mail.

After the ticket has been purchased, the ticket buyer may use it to gain entry to the event. The ticket may be scanned at the entrance to the event to confirm that it is valid and has not already been used.

The event organizer typically has the most control over the ticket sale lifecycle, as they are responsible for planning and promoting the event, and for determining the availability and pricing of tickets. However, ticket sellers and ticketing platforms also play a significant role in facilitating the sale and distribution of tickets to buyers.

Answer rating: The last paragraph is helpful. The role or each participant is becoming more clear.

Q: What does the tickets re-sale market looks like? How is the money made there?

A: The tickets resale market refers to the buying and selling of tickets to events on the secondary market, which is separate from the primary market where tickets are initially sold by event organizers or their authorized agents.

The tickets resale market can take various forms, including online marketplaces such as StubHub and Viagogo, as well as individual brokers or resellers who buy and sell tickets through their own websites or in person.

In the tickets resale market, tickets are often sold at a markup from their original face value, which can vary depending on the demand for the event and the availability of tickets. The reseller or broker makes money by buying tickets at one price and then selling them for a higher price.

There are also various fees associated with buying and selling tickets on the resale market, which can vary depending on the platform or broker being used. For example, online marketplaces may charge a fee to list tickets for sale, as well as a percentage of the final sale price. Individual brokers or resellers may also charge fees for their services.

Overall, the tickets resale market provides an opportunity for people to buy and sell tickets to events when they are unable to obtain them through the primary market, or when they are unable to attend an event they have already purchased tickets for. However, it is important to note that the resale of tickets is regulated in some jurisdictions, and reselling tickets above face value may be illegal in some cases.

Answer rating: basic question gets you a basic answer. Good to know about the regulations in different jurisdictions. Worth paying attention to this.

Q: Where does emotion play a role in the buying process?

A: Emotion can play a significant role in the buying process for tickets to events, as people often have strong emotional connections to particular events or performers. For example, people may be willing to pay a premium to see their favorite band or artist in concert, or to attend a sporting event featuring their favorite team.

Event organizers and ticket sellers can often leverage emotional appeal in their marketing efforts, highlighting the unique experiences and memories that attendees will take away from the event. This can increase demand for tickets and help drive up prices.

Emotion can also influence the decision to buy tickets as a gift for someone else. For example, a parent may buy tickets to a child's favorite performer as a birthday gift, or a partner may buy tickets to a sporting event as a surprise for their significant other.

Overall, emotion plays a significant role in the buying process for tickets to events, and can be a powerful motivator for people to purchase tickets.

Answer rating: useful. this confirms that emotion is a significant factor in the buying process.

Q: What are the essential parts of the business process and what's value-add?

A: The essential parts of the business process for the event ticketing ecosystem generally include:

1. Planning and scheduling events: Event organizers are responsible for planning and scheduling events, including securing venues, booking performers or speakers, and arranging for other necessary services and logistics.
2. Promoting events: Event organizers and ticket sellers work to promote events to potential ticket buyers through various marketing channels, such as social media, email, and traditional advertising.
3. Selling tickets: Ticket sellers and ticketing platforms facilitate the sale of tickets to events, either through their own websites or physical locations, or through third-party websites such as online marketplaces.
4. Issuing and distributing tickets: Ticketing platforms or ticket sellers issue tickets to buyers and facilitate the distribution of tickets, either electronically or through physical mail.
5. Facilitating entry to events: Tickets are typically scanned or checked at the entrance to events to confirm that they are valid and have not already been used.

Value-add services in the event ticketing ecosystem may include additional features or services that enhance the overall ticketing experience for buyers and event organizers. For example, ticketing platforms may offer marketing and promotional services to event organizers, or they may offer features such as mobile ticketing or seating maps to help buyers choose the best seats for their needs. Ticket sellers may also offer value-add services such as ticket insurance or concierge services to help buyers with their ticketing needs.

Answer rating: useful. This stubs out the business process.

On understanding the opportunity

Q: What are the frustration and pain points faced by the ticket buyers, ticket sellers, intermediaries, regulators?

A: There are several frustration and pain points that can be experienced by different players in the event ticketing ecosystem, including:

• Ticket buyers: One frustration for ticket buyers can be the difficulty of obtaining tickets to popular events, as demand can often exceed the number of available tickets. Ticket buyers may also experience frustration with high ticket prices, fees, or difficulties with the ticket purchasing process.
• Ticket sellers: Ticket sellers may face challenges in obtaining a sufficient supply of tickets to meet demand, particularly for popular events. They may also face competition from other ticket sellers or from ticket resellers on the secondary market.
• Intermediaries: Intermediaries such as ticketing platforms and brokers may face challenges in maintaining the trust of ticket buyers, particularly if there are issues with the authenticity or availability of tickets. They may also face competition from other intermediaries and the need to adapt to changing technology and consumer preferences.
• Regulators: Regulators may face challenges in ensuring that the event ticketing ecosystem operates fairly and transparently, and in protecting consumers from fraud or other deceptive practices. They may also face the challenge of enforcing laws and regulations related to the resale of tickets in a way that balances the interests of all stakeholders.

Answer rating: this articulates the "common knowledge" of the industry's pain points in a succinct structure. The theme of trust and managing demands sounds like a big problem that needs to be solved.

Q: What are the fraud issues? How severe are the issues? How much business is lost due to fraud?

A: Fraud can be a significant issue in the event ticketing ecosystem, as it can result in financial losses for ticket buyers, event organizers, and other stakeholders. Fraud can take various forms in the event ticketing ecosystem, including:

• Ticket counterfeiting: This involves the creation and sale of fake tickets to events, which can be difficult for buyers to detect. Counterfeit tickets can result in losses for both buyers and event organizers, as buyers may be denied entry to the event and event organizers may not receive revenue for the fake tickets.
• Ticket scalping: This involves the resale of tickets at a markup above face value, which may be illegal in some jurisdictions. Ticket scalping can result in losses for event organizers, who may not receive the full value of the ticket, and for ticket buyers, who may pay more than they would have on the primary market.
• Ticket fraud: This involves the use of fraudulent or deceptive practices to obtain or sell tickets, such as using stolen credit card information to purchase tickets or misrepresenting the availability or authenticity of tickets. Ticket fraud can result in losses for both buyers and event organizers.

It is difficult to quantify the exact amount of business that is lost due to fraud in the event ticketing ecosystem, as it is often difficult to detect and quantify. However, it is likely that fraud results in significant losses for all stakeholders involved.

To mitigate the risks of fraud, event organizers, ticket sellers, and other stakeholders may implement various security measures, such as using secure ticketing systems, verifying the identity of ticket buyers, and monitoring for suspicious activity.

Answer rating: weak. No quantification of the losses, however the three distinct categories are areas that can have their own solutions.

Q: How fast does the money flow from buyers to ecosystem participants?

The speed at which money flows from ticket buyers to other participants in the event ticketing ecosystem can vary depending on the specific business model and arrangements between the parties involved.

In general, when a ticket is purchased, the ticket seller or ticketing platform will collect payment from the buyer and then pass on a portion of the ticket price to the event organizer. The ticket seller or ticketing platform will typically keep a portion of the ticket price as their fee for providing ticketing services.

The speed at which this process occurs can vary depending on the payment methods used and the systems in place to facilitate the transfer of funds. For example, if the ticket is purchased online using a credit card, the payment may be processed and transferred to the ticket seller or ticketing platform almost immediately. If the ticket is purchased in person or through the mail, the payment process may take longer.

Once the event organizer has received payment for the tickets, they may need to use the funds to cover various expenses associated with putting on the event, such as venue rental, event staff, and other costs. The event organizer may also need to wait until after the event to receive payment from sponsors or other sources of revenue.

Answer rating: poor. Good for a 5th grade essay.

Q: What are the different market segments and where the friction points don’t apply? (Taylor Swift concert vs. local school fundraiser tickets sales).

A: There are many different market segments in the event ticketing ecosystem, and the friction points that apply to one market segment may not necessarily apply to another.

For example, the market for tickets to a Taylor Swift concert is likely to be very different from the market for tickets to a local school fundraiser.

The market for tickets to a Taylor Swift concert may be much larger and more competitive, as the artist has a widespread following and tickets to her concerts may be in high demand. This market may be more prone to issues such as ticket counterfeiting and scalping, as there may be significant profits to be made by selling fake or overpriced tickets.

On the other hand, the market for tickets to a local school fundraiser is likely to be much smaller and less competitive. The demand for tickets may be lower, and there may be fewer issues with fraud or scalping. The friction points that apply to this market may be different, and may include challenges in promoting the event and generating sufficient ticket sales to cover the costs of the fundraiser.

Overall, the friction points that apply to different market segments in the event ticketing ecosystem can vary depending on the size and nature of the market, as well as the specific challenges and opportunities faced by the players involved.

Answer rating: insufficient insights. Could have just said: "follow the money".

Q: Catalog & categorize the business process step interdependencies (what must be solved together vs. separately).

A:  In the event ticketing ecosystem, there are various interdependencies between the different business process steps involved in planning, promoting, and selling tickets to events. Some of these interdependencies are:

• Planning and scheduling events: Event organizers must consider various factors when planning and scheduling events, including the availability of venues, the availability and pricing of tickets, and the demand for the event. These factors are interdependent, as the availability and pricing of tickets may influence the demand for the event, and the demand for the event may influence the availability and pricing of tickets.
• Promoting events: Promoting events is often a critical factor in generating ticket sales and building demand for the event. Event organizers and ticket sellers must work together to promote the event and build awareness among potential ticket buyers.
• Selling tickets: The success of ticket sales can have a significant impact on the overall success of the event. Event organizers and ticket sellers must work together to ensure that tickets are sold efficiently and effectively, and that the ticket purchasing process is smooth and convenient for buyers.
• Issuing and distributing tickets: The process of issuing and distributing tickets is interdependent with the ticket sales process, as tickets must be issued and distributed to buyers in a timely and efficient manner in order to ensure that they can attend the event.

Overall, the various business process steps in the event ticketing ecosystem are interdependent, and solving one step separately may not be sufficient to

Answer rating: superficial. The question was not well articulated, as it was directional to start with. However, this answer can be served as a checklist for further quantification of service levels provided.

Q: How much choice do the ticket buyers have when making a purchase? What do they really care about?

A: The amount of choice that ticket buyers have when making a purchase can vary depending on the specific event and the availability of tickets.

For popular events, there may be a limited number of tickets available, and buyers may have limited choice in the specific seats or ticket packages that they can purchase. In these cases, buyers may need to be flexible in their ticket purchasing decisions in order to secure tickets to the event.

On the other hand, for events with less demand, buyers may have more choice in the specific seats or ticket packages that they can purchase, and may be able to choose from a wider range of prices and seating options.

Overall, ticket buyers generally care about being able to attend the event that they are interested in, and may be willing to make trade-offs in terms of seating location or ticket package in order to secure tickets. Other factors that may be important to ticket buyers include the convenience and ease of the ticket purchasing process, the price of the tickets, and the availability of additional amenities or perks, such as VIP packages or backstage access.

Answer rating: helpful. In summary, supply and demand is in play.

On applying web3 core principles to the business problem/opportunity

Q: What value do the intermediaries provide in the ecosystem? How is this quantified?

A: Intermediaries in the event ticketing ecosystem, such as ticket sellers and ticketing platforms, provide a variety of value to event organizers and ticket buyers. Some of the value that intermediaries provide includes:

• Convenience: Intermediaries can make it easier for event organizers to list and sell tickets to their events, and for ticket buyers to purchase tickets. For example, ticketing platforms may offer features such as mobile ticketing or seating maps that make it easier for buyers to choose and purchase tickets.
• Reach: Intermediaries can help event organizers reach a wider audience of potential ticket buyers, either through their own marketing efforts or through partnerships with other entities. This can help event organizers generate more ticket sales and revenue.
• Trust: Intermediaries can help build trust with ticket buyers by providing secure ticketing systems and by verifying the authenticity of tickets. This can help reduce the risk of fraud and improve the overall ticketing experience for buyers.

The value that intermediaries provide in the event ticketing ecosystem can be quantified in various ways, such as by the number of tickets sold, the revenue generated from ticket sales, and the satisfaction of event organizers and ticket buyers. Intermediaries may also be evaluated based on metrics such as customer satisfaction, ticket sales conversion rates, and the efficiency of their ticketing systems.

Answer rating: useful. This helps paint the picture where the human element plays a role.

Q: What are the moats setup by the incumbent players?

A: Moats are competitive advantages that help protect a company's market position and prevent other companies from easily entering the market. In the event ticketing ecosystem, incumbent players may have various moats that help protect their market position. Some of these moats may include:

• Brand recognition: Incumbent players with strong brand recognition may have an advantage over newer entrants, as consumers may be more likely to trust and purchase tickets from a well-known brand.
• Customer relationships: Incumbent players that have established relationships with event organizers and ticket buyers may have a moat in the form of customer loyalty and repeat business.
• Network effects: In some cases, incumbent players may have a moat in the form of network effects, which occur when a product or service becomes more valuable as more people use it. For example, a ticketing platform with a large number of event organizers and ticket buyers may have a moat, as event organizers and ticket buyers may be more likely to use the platform due to its size and the convenience of having all of their tickets in one place.
• Intellectual property: Incumbent players may also have a moat in the form of intellectual property, such as patents, trademarks, or copyrights, which can help protect their technology or brand.

Overall, the moats of incumbent players in the event ticketing ecosystem can vary depending on the specific strategies and assets of the company.

Answer rating: predictable. TLDR: size, relationships and audience aggregation.

Q: What aspects of the process will always require centralized entities?

A: There are certain aspects of the event ticketing process that may always require centralized entities to manage and facilitate. Some examples include:

• Planning and scheduling events: Event organizers are typically responsible for planning and scheduling events, and for coordinating with venues, performers, and other stakeholders. This is typically a centralized activity that requires coordination and communication between various parties.
• Promoting events: Promoting events typically requires centralized marketing efforts, including advertising, public relations, and social media campaigns. These activities are often managed by event organizers or ticket sellers, and require coordination and communication between various parties.
• Selling tickets: The process of selling tickets to events typically requires a centralized entity to facilitate the transaction, such as a ticket seller or ticketing platform. These entities are responsible for listing tickets for sale, processing payments, and issuing and distributing tickets to buyers.
• Facilitating entry to events: The process of facilitating entry to events typically requires a centralized entity to manage and verify tickets, such as event staff or ticket scanners. This helps ensure that only valid tickets are accepted and that tickets are not used multiple times.

Overall, these centralized entities play a critical role in the event ticketing process by coordinating and facilitating the various activities and transactions involved in planning, promoting, and selling tickets to events.

Answer rating: centralized viewpoints must be read with a grain salt. AI will tell us how the world is functioning now, and now how the world will function in the future. Hence the opportunity. The answer is very revealing on the generalized sentiment.

Q: Where can web3 tech provide x10 value proposition vs. x2 improvement? Why?

A: Web3 technology, which refers to technologies that use decentralized protocols and networks to facilitate online interactions and transactions, has the potential to provide significant value to the event ticketing ecosystem. Some potential areas where web3 tech may provide a x10 value proposition versus a x2 improvement include:

• Ticket sales: Web3 technology could be used to create decentralized ticketing platforms that are more secure and transparent than traditional platforms. This could help reduce the risk of fraud and improve the overall ticketing experience for buyers and event organizers.
• Ticket resale: Web3 technology could be used to create decentralized marketplaces for the resale of tickets, which could be more transparent and secure than traditional resale platforms. This could help reduce the risk of fraud and improve the overall experience for buyers and sellers.
• Ticket distribution: Web3 technology could be used to create decentralized systems for the distribution of tickets, which could be more efficient and secure than traditional distribution methods. This could help reduce the risk of fraud and improve the overall experience for event organizers and ticket buyers.

Overall, web3 technology has the potential to significantly improve the event ticketing ecosystem by providing more secure and transparent platforms and systems for various activities and transactions. This could result in a x10 value proposition compared to traditional approaches, as web3 tech has the potential to significantly enhance the overall experience and efficiency of the event ticketing process.

Answer rating: too generic. Correct identification of business process elements that can be improved. But let's see how this answer would have changed if we put "AI" instead of web3. Thus, a new question: "Where can AI tech provide x10 value proposition vs. x2 improvement? Why?

Interesting focus on Customer Service. Looks like x10 improvement wil happen no matter what. 😏

Q: Which parts of the business process can be eliminated due to web3 operational constructs?

A: Web3 technology, which refers to technologies that use decentralized protocols and networks to facilitate online interactions and transactions, has the potential to eliminate or significantly streamline certain parts of the business process in the event ticketing ecosystem. Some potential areas where web3 tech could eliminate the need for traditional business processes include:

• Ticket sales: Web3 technology could be used to create decentralized ticketing platforms that eliminate the need for intermediaries or centralized ticket sellers. This could enable event organizers to sell tickets directly to buyers, potentially reducing fees and improving the overall ticketing experience.
• Ticket distribution: Web3 technology could be used to create decentralized systems for the distribution of tickets, which could eliminate the need for traditional distribution methods such as mail or courier services. This could help reduce costs and improve the overall ticketing experience for event organizers and ticket buyers.
• Ticket resale: Web3 technology could be used to create decentralized marketplaces for the resale of tickets, which could eliminate the need for intermediaries or centralized ticket sellers. This could enable buyers and sellers to interact directly, potentially reducing fees and improving the overall resale experience.

Overall, web3 technology has the potential to significantly streamline or eliminate certain parts of the business process in the event ticketing ecosystem by enabling more efficient and decentralized methods of conducting transactions and interactions.

Answer rating: too shallow. And looks like a copy paste from above. Dully noted.

Q: Which parts of the business process can be fully disintermediated through web3?

A: Web3 technology, which refers to technologies that use decentralized protocols and networks to facilitate online interactions and transactions, has the potential to disintermediate certain parts of the business process in the event ticketing ecosystem. Some potential areas where web3 tech could fully disintermediate traditional business processes include:

• Ticket sales: Web3 technology could be used to create decentralized ticketing platforms that eliminate the need for intermediaries or centralized ticket sellers. This could enable event organizers to sell tickets directly to buyers, removing the need for intermediaries in the ticket sales process.
• Ticket distribution: Web3 technology could be used to create decentralized systems for the distribution of tickets, which could eliminate the need for intermediaries or centralized ticket sellers. This could enable event organizers to directly distribute tickets to buyers, removing the need for intermediaries in the ticket distribution process.
• Ticket resale: Web3 technology could be used to create decentralized marketplaces for the resale of tickets, which could eliminate the need for intermediaries or centralized ticket sellers. This could enable buyers and sellers to interact directly, removing the need for intermediaries in the ticket resale process.

Overall, web3 technology has the potential to fully disintermediate certain parts of the business process in the event ticketing ecosystem by enabling more efficient and decentralized methods of conducting transactions and interactions. This could result in a more streamlined and efficient process for event organizers, ticket buyers, and other stakeholders.

Answer rating: no insight. Same answers as above.

On web3 friction that must be overcome

Q: What web3 elements are required for execution and how far off they are from a web2 experience?

A: Web3 technology, which refers to technologies that use decentralized protocols and networks to facilitate online interactions and transactions, requires certain elements in order to be executed effectively. Some of the key elements of web3 technology include:

• Decentralized networks: Web3 technology relies on decentralized networks such as blockchain or peer-to-peer networks to facilitate interactions and transactions. These networks are distributed, meaning that they are not controlled by a single entity, and use cryptographic techniques to secure and verify transactions.
• Decentralized protocols: Web3 technology relies on decentralized protocols, which are sets of rules and standards that govern how interactions and transactions are conducted on decentralized networks. These protocols may include rules for verifying transactions, resolving disputes, and enforcing contracts.
• Decentralized applications (DApps): Web3 technology relies on decentralized applications (DApps), which are applications that run on decentralized networks and use decentralized protocols to facilitate interactions and transactions. DApps may include applications for ticket sales, ticket distribution, ticket resale, and other purposes.

The web3 experience is still in the early stages of development, and is not yet as fully developed or user-friendly as web2 experiences. Web3 technologies are evolving and improving rapidly, but they may still require a higher level of technical expertise or familiarity with decentralized networks and protocols in order to be used effectively. As web3 technology continues to mature and become more user-friendly, it is likely that the web3 experience will become more similar to the web2 experience.

Answer rating: you can tell AI wrote this. This doesn't really answer the question.

On previous attempts

Q: What are top 10 podcast episodes on this topic?

A: I'm sorry, but I am unable to provide a list of top 10 podcast episodes on the topic of the event ticketing ecosystem...

Answer rating: OK. It's important to say "I don't know". Respect.

Q: Understand what protocols have been developed or are being developed already for this.

A: There are various protocols that have been developed or are being developed for the event ticketing ecosystem, which are designed to facilitate interactions and transactions related to ticket sales, ticket distribution, and other aspects of the ticketing process. Some examples of protocols that may be relevant to the event ticketing ecosystem include:

• Smart contracts: Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts can be used to automate the ticket sales process and ensure that tickets are issued and distributed securely and efficiently.
• Decentralized identity protocols: Decentralized identity protocols are designed to enable secure and decentralized identity verification and authentication. These protocols could be used to verify the authenticity of tickets and help prevent fraud in the event ticketing ecosystem.
• Payment protocols: Payment protocols are designed to facilitate secure and efficient payments between buyers and sellers. These protocols could be used to enable ticket buyers to make payments for tickets using various forms of cryptocurrency or other digital assets.

Overall, these protocols are designed to enhance the security, efficiency, and transparency of the event ticketing ecosystem by enabling decentralized and secure methods of conducting transactions and interactions.

Answer rating: I was hoping for examples. And I got some solution constructs that may be applied to the business process segments. OK.

Q: Determine if solution evaluation frameworks have been developed for this already.

A: It is possible that solution evaluation frameworks have been developed for evaluating solutions in the event ticketing ecosystem. These frameworks may be used to assess the effectiveness, efficiency, and value of various solutions for facilitating ticket sales, ticket distribution, and other aspects of the ticketing process.

Solution evaluation frameworks may take various forms, and may be developed by industry experts, researchers, or other stakeholders. These frameworks may include criteria or metrics for evaluating solutions, as well as processes or methods for collecting and analyzing data related to solution performance.

It is not possible for me to determine whether specific solution evaluation frameworks have been developed for the event ticketing ecosystem without access to more information. However, it is likely that various stakeholders in the event ticketing ecosystem, such as event organizers, ticket sellers, and technology providers, have developed their own evaluation frameworks or processes for assessing the effectiveness of different solutions.

Answer rating: This is what you write when you have nothing to say.

Q: Determine what github repos have been created attempting to solve this problem.

A: GitHub is a software development platform that hosts a wide range of repositories, or "repos," containing code and other resources related to various projects. It is possible that there are GitHub repos that have been created in an attempt to solve problems related to the event ticketing ecosystem.

To determine what GitHub repos have been created attempting to solve problems in the event ticketing ecosystem, you could search for keywords related to the event ticketing ecosystem on GitHub, or use the GitHub API to search for repos containing specific keywords or tags. You could also search for repos created by specific organizations or individuals that are known to be working on solutions for the event ticketing ecosystem.

It is worth noting that not all solutions or projects related to the event ticketing ecosystem may be hosted on GitHub, and there may be other resources or platforms where relevant solutions can be found.

Answer rating: I don't know would have been an acceptable answer as well.

Q: Determine failure points for previously attempted projects.

A: It is not possible for me to determine the failure points for previously attempted projects related to the event ticketing ecosystem without access to more information. There may be a wide range of factors that contribute to the success or failure of projects in the event ticketing ecosystem, including technical challenges, market demand, competition, and other factors.

To determine the failure points for previously attempted projects, it may be helpful to research the specific projects in question and gather information on their goals, approach, and outcomes. This could involve reviewing project documentation, conducting interviews with project stakeholders, and analyzing relevant data and metrics. By understanding the specific challenges and issues faced by previous projects, it may be possible to identify common failure points and learn from the experiences of others.

Answer rating: In addition to a lengthy "I don't know" the answer also includes steps for getting to insight.

Q: Identify which parts of this business domain other startup attempted to solve.

A: Startups in the event ticketing ecosystem may have attempted to solve a wide range of problems and challenges related to ticket sales, ticket distribution, ticket resale, and other aspects of the ticketing process. Some examples of areas that startups may have attempted to address include:

• Streamlining the ticket sales process: Startups may have attempted to develop technologies or platforms that make it easier and more efficient for event organizers to sell tickets to their events. This could involve developing decentralized ticketing platforms, creating intuitive user interfaces, or integrating with other systems and technologies.
• Improving the ticket distribution process: Startups may have attempted to develop technologies or platforms that improve the efficiency and security of the ticket distribution process. This could involve developing decentralized distribution systems, implementing secure ticketing technologies, or creating solutions for delivering tickets to buyers in convenient and cost-effective ways.
• Facilitating the resale of tickets: Startups may have attempted to develop technologies or platforms that make it easier for buyers and sellers to exchange tickets for events. This could involve creating decentralized marketplaces for ticket resale, developing tools for managing ticket inventories, or implementing technologies to help prevent fraud and other issues.

Overall, startups in the event ticketing ecosystem may have attempted to address a wide range of challenges and opportunities related to ticket sales, ticket distribution, and other aspects of the ticketing process.

Answer rating: superficial answer. Nothing of use here.

Q: Determine the amount of funding (and the timeline) that has been fueled into this domain and results so far.

A: It is not possible for me to determine the amount of funding that has been fueled into the event ticketing ecosystem, or the timeline of this funding, without access to more information. There may be a wide range of funding sources and amounts involved in the development and operation of projects and businesses in the event ticketing ecosystem. These sources may include venture capital firms, angel investors, grants, and other types of funding.

To determine the amount of funding that has been fueled into the event ticketing ecosystem, and the timeline of this funding, it may be helpful to research the specific projects or businesses in question and gather information on their funding history. This could involve reviewing financial reports, conducting interviews with project stakeholders, and analyzing relevant data and metrics. It may also be possible to find information on funding in the event ticketing ecosystem through online databases or resources that track funding activity in the technology or startup sectors.

Answer rating: no insights. Feed more data.