Kelvin McDaniel

Live events suffer from ticket fraud, price gouging, unreliable payments, and contract disputes. Xao provides NFT-based contracts, and DAO governance to create a fair, automated, and transparent system controlled by industry participants. Key Issues & Xao’s Solutions Fake Tickets & Price Gouging – NFT-based tickets ensure authenticity and resale limits prevent scalping. Unpaid Artists & Cancellations – Escrowed payments guarantee payouts, and automated penalties prevent last-minute cancellations. High Ticket Fees & No-Shows – Venues sell tickets directly, avoiding third-party fees, and smart contracts ensure artist commitments. DAO Governance – Industry-Owned XaoDAO governs all protocol decisions, ensuring * participants (fans, artists, venues, etc.) control ticketing, payments, and arbitration settings. The community votes on policy changes, escrow terms, and platform upgrades, making Xao a self-regulating system*. Xao’s NFT contracts, and DAO governance create a fair, fraud-free system where venues, artists, and fans benefit equally.