TL;DR
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The folks at Get Protocol just scraped together $4.5 million in funding to launch the Web3 version of Ticketmaster.
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The exciting thing is that the Get Protocol team is not starting from scratch – in fact, their technology has already been used to sell 4 million tickets on the blockchain.
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Here’s what worries/impresses us: this is a David-v-Goliath style battle. Get Protocol is trying to topple Ticketmaster (a ~$900 million company) with only $4.5 million in funding (!).
Full story
So the folks at Get Protocol just scraped together $4.5 million in funding to launch the Web3 version of Ticketmaster.
Here’s why this is exciting:
First, there have been many conversation about NFT ticketing over the years… but not much action.
The difference here is that Get Protocol’s team is not starting from scratch – in fact, their technology has already been used to sell 4 million tickets on the blockchain.
That feels promising!
Second, NFT ticketing has clear benefits for artists and fans alike.
For artists:
Because these tickets are trackable, they can see which of their fans have supported them the longest and reward them with meet n’ greets, listening parties, exclusive merch, etc.
(Creating superfans in the process).
For enthusiasts:
With the advent of NFT ticketing, fandom can become profitable.
Because if rare NFT tickets start unlocking perks like those mentioned above, others will pay well for them.
Here’s what worries/impresses us:
This is a David-v-Goliath style battle.
Get Protocol is trying to topple Ticketmaster (a ~$900 million company) with only $4.5 million in funding (!).
God speed, you crazy b%stards.
