Yesterday VNUE Inc (OTCMKTS:VNUE) came into the new cycle after it announced that it was going to introduce an innovative and intriguing concept into its metaverse project. The new concept is known as the ‘VNUE Icon Project’ or ‘VIP’.

At this point in time, the company’s proprietary virtual ticketing booth is being constructed and this new feature would help the company in generating revenues as well as profits through the sales of actual tickets. Online ticketing has largely been controlled by a bunch of companies like Ticketmaster but the Ticket Booth from the venue could well prove to be a game changer.

It brings the economics of ticketing to the metaverse with this new feature and that is something that could place VNUE in a unique position in the still nascent industry. In addition to that, it ought to be noted that the company is also working with South American Premiere Roblox developer Kokku for the purpose of creating the very first persistent multi-stage entertainment and music festival experience.

It would initially be deployed on the Roblox platform, which boasts of more than 50 million users worldwide. It may be a good time to keep an eye on the VNUE stock.