Overview of SeatlabNFT: SeatlabNFT uses NFT technology to increase connectivity between artists, fans, event organisers, and brands. We are creating a more immersive experience for eventgoers and allowing artists to provide real value in their relationships with fans by identifying and rewarding loyalty and event attendance. The live events industry is driven by profit, plagued by touts and dehumanised by bots; we’re developing a new system that puts experience and connection back at the heart of attending live events.
Web3 has the potential to drastically improve the overall experience of attending live events for fans by giving them a more meaningful way to interact with their favourite artists. It has also enabled us to provide event organisers and brands with a new medium to connect with event attendees in a more genuine way. Built on the NEAR Protocol blockchain, our platform also aims to revolutionise the event ticketing industry by eliminating fraud and significantly reducing the impact of scalping.
We’re tokenising tickets and governing their use with smart contracts. Smart contracts enable predefined royalty splits. When a ticket is minted, artists and event creators can choose where a percentage of the revenue from any secondary sales is directed, reducing the impact of ticket scalping and putting secondary revenue back in the pockets of artists and event organisers. Blockchain technology is enabling us to offer artists and event organisers unparalleled control over the secondary ticketing market, while ensuring fans enjoy a more immersive experience.
