The Web3 Version of Ticketmaster

TL;DR

• The folks over at Get Protocol just scraped together $4.5M in funding to launch the Web3 version Ticketmaster.

• The exciting part is, the team over at Get Protocol aren’t starting from scratch – in fact, their technology has already been used to sell 4 million tickets on the blockchain.

• Here’s what worries/impresses us: this is a David-v-Goliath-style battle. Get Protocol are attempting to topple Ticketmaster (a ~$900M company) with just $4.5M in funding (!).

Full Story

So the folks over at Get Protocol just scraped together $4.5M in funding to launch the Web3 version Ticketmaster.

Here’s why this is exciting:

First, there’s been a lot of talk about NFT ticketing over the years…but not much action.

The difference here is, the team over at Get Protocol aren’t 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 been supporting them the longest and reward them with meet n’ greets, listening parties, exclusive merch, etc.

(Creating super-fans in the process).

For fans:

With the advent of NFT ticketing, fandom can become profitable.

Because if rare NFT tickets begin unlocking benefits, like those listed above – others will pay good money for them.

Here’s what worries/impresses us:

This is a David-v-Goliath-style battle.

Get Protocol are attempting to topple Ticketmaster (a ~$900M company) with just $4.5M in funding (!).

God speed, you crazy b%stards.