Press Release
NFT Ticketing Goes Global With GET Protocol
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Over the past year, NFTs have emerged as a huge conversation piece in the cryptocurrency community with digital collectibles and art being the primary focus during this boom in interest.
As the space has grown, it has become clear that NFTs provide a vast range of possibilities centered around the utility value of smart contracts and blockchain transparency when linked to a unique asset. An industry in need of NFT attention is ticketing as the characteristics of a ticket and NFT are strikingly similar and traditional ticketing is in dire need of improvement.
The NFT Ticketing use case has been further backed by heavy hitters in the blockchain and business space such as the likes of Mark Cuban and Ted Leonsis. They see the value in unlocking the secondary market for royalty possibilities whilst giving fans unique ways to connect with artists, sports teams and event organisers.
Currently, the major player perfecting NFT Ticketing is GET Protocol, an Amsterdam-based team of 30+ founded in 2016 with the mission of upgrading the event experience for all in the ticketing chain by providing a fully digital ticketing experience backed by blockchain technology.
Theyโve seen over 700,000 on-chain registered tickets flow through the protocol for real-world events with non-crypto savvy attendees. With an emphasis on scaling and maturing the protocol ready for the world stage, their NFT Ticketing opens up new global possibilities for ticket companies and event organisers. Possibilities such as pre-financing events using DeFi, perpetual revenue โroyalty splitsโ that are programmed into each ticket using smart contracts and digital collectibles to enhance the fan and artist connection.ย
Importantly these benefits are implemented behind the scenes as all tickets are purchased by attendees in FIAT. This results in a system that provides the full value of blockchain technology without requiring eventgoers to understand or learn its complexity.
This week GET Protocol released their NFT Ticket Explorer which provides real-time statistics showcasing all tickets that flow through the protocol. You can take a look under the hood at all operations occurring through GET Protocol. Users can also track the lifecycle of their ticket and monitor its distribution.
The NFT ticket explorer release is a pivotal moment for the NFT sector as it clearly showcases the innovation and adoption of NFTs in a real-world industry. This is a great vote of confidence for the NFT community and shows that blockchain technology when implemented behind the scenes can benefit everyone.
You can take a look at the explorer via this link and get a sense at the scale of ticketing that GET Protocol is performing: https://explorer.get-protocol.io/
In the future, GET Protocol plans to allow any digital collectibles for a ticket to be claimed through the explorer, presenting new fan experiences and possibilities for event organisers.
