Hah, no it doesn't; anyone can mint what they claim is a season ticket right now. The buyer still has to verify that what they're purchasing is genuine.
On the other hand, it's probably easier for Coachella to maintain a public list of valid ticket NFTs than it is for them to maintain a P2P marketplace for items that change hands very rarely. And also it means that any fraud that occurs is Not Their Problem.
On the other hand, it's probably easier for Coachella to maintain a public list of valid ticket NFTs than it is for them to maintain a P2P marketplace for items that change hands very rarely. And also it means that any fraud that occurs is Not Their Problem.