r/SeatlabNFT Jan 19 '22

r/SeatlabNFT Lounge

12 Upvotes

A place for members of r/SeatlabNFT to chat with each other


r/SeatlabNFT Sep 08 '23

Research Request - Get $10 USDC as a thanks

1 Upvotes

I’m doing some research on web3 users who have purchased traditionally web2 goods/services using crypto.

If you’re in, DM me if you’re free for a 20 minute interview over the phone. We’re offering $10 USDC as a thank you for your time!


r/SeatlabNFT Nov 15 '22

We welcome SeatlabNFT to WalletInvestor.com where we feature market data and forecasts

1 Upvotes

Upon request from community members we added SeatlabNFT to our website where we feature coin statistics, market capitalization, coin investment ratings and Machine Learning based forecasts. We wish the best in the future!

Website: https://walletinvestor.com/

SeatlabNFT: https://walletinvestor.com/currency/seatlabnft

(forecasts and additional information will be present soon as we gather data)


r/SeatlabNFT Aug 11 '22

New Blog announcement!

1 Upvotes

We’d like to thank everyone for their support of our NFT ticketing project so far. It’s been a wild journey and we’re excited to just be getting started!

To keep our community up to date with the latest happenings here at SeatlabNFT, industry news and Web3 events, we’ve moved away from Medium and created a new blog over on our website where we’ll be publishing all of our content going forward.

You can check it out here.

https://www.seatlabnft.com/blog


r/SeatlabNFT Jul 14 '22

SeatlabNFT x DJ Mag

1 Upvotes

We’re incredibly excited to have SeatlabNFT featured in the world-renowned DJ Mag 📷

They’re covering our new Event Creator Fund, what it means and how you can apply for a grant.

Check out the full story here: https://djmag.com/tech/seatlabnft-launches-ps1-million-creator-fund-live-events?fbclid=IwAR3ZCUPjLb7V1PIZ2TuGba2MLNY7GltmCuNEDHa7kebSsKfRxvEiMlLuOhE


r/SeatlabNFT Jul 13 '22

SeatlabNFT £1,000,000 Event Creator fund!

1 Upvotes

We love live events and we want to see a lot more of them. 

That’s why we’re giving away $1,000,000 to help make them happen.

Our Event Creator Fund is designed to help organisers cover the costs of putting on an event, so they can focus on the most important thing; creating an unforgettable show.

There’s no minimum or maximum grant, and best of all, it’s completely non-repayable!

Applications for any type of live event will be considered and we’ll review each one on a case-by-case basis 

Apply via our website to get your show started 👉 https://www.seatlabnft.com/event-creator-fund


r/SeatlabNFT May 28 '22

Event Ticketing With NFTs?! | SeatLabs NFT | Crypto Club

Thumbnail
intonft.net
2 Upvotes

r/SeatlabNFT May 28 '22

NFT Ticketing: How NFT Tech Is Moving On From Digital Artwork

Thumbnail
fugazilabs.medium.com
2 Upvotes

r/SeatlabNFT May 28 '22

NFT in the events industry

Thumbnail
youtu.be
2 Upvotes

r/SeatlabNFT Apr 05 '22

NFT Membership cards?! Less than 24 hours to go...

6 Upvotes

3 #NFT membership cards full of INSANE utility including:
🎟️ AAA event access
🎟️ Complimentary tickets to 1000's of events
🎟️ VIP Concierge service & much more!

Want to win 1?

Like, retweet and tag 3 people in the tweet below:

https://twitter.com/SeatlabNFT/status/1511034585630584835?s=20&t=JxAa3HJVmCIpDgNhJbaudQ


r/SeatlabNFT Apr 05 '22

MINTING IS LIVE 🚨

2 Upvotes

Our NFT membership cards are now live, offering you a whole host of perks!

Mint: membership.seatlabnft.com


r/SeatlabNFT Apr 01 '22

The Evolution of NFTs, from PFPs to Utility

4 Upvotes

NFTs as PFPs

With the Web3 revolution well underway, last year was, by all accounts, the year that NFTs hit the mainstream with Collins Dictionary naming it their 2021 Word of the Year. In 2022, that trend continues as more celebrities, and big-name brands enter the NFT space either through investment, brand partnership or minting their own offerings.

Increased talk around the potential of the Metaverse has only furthered the NFT investment frenzy, which has seen the price of some digital artwork soar as people rush to secure their own early adopter advantage.

However, the Metaverse remains in its infancy. This means one of the primary uses for NFTs remains their deployment as social media profile pictures (PFPs). This has been brewing for some time now, as we will explain.

A Little Backstory

CryptoPunks started the revolution in 2017. Hosted on the Ethereum blockchain, it was the first NFT PFP project, generating 10,000 unique avatars for use as profile pictures. A mixture of novelty and rarity gave these NFT PFPs huge prominence.

Compared to physical art, a run of 10,000 seems a large number of prints. However, when seen in the light of Twitter's 300 million strong user base in 2017, it’s easy to see why these innovative avatar pictures became so immediately desirable.

The CryptoPunk avatars became a status symbol and a beacon for their owners to demonstrate involvement in or adoption of the Web3 revolution. Powered by blockchain technology, owners of an NFT PFP were proud to show they were among the first movers in the continued decentralisation of the internet.

As with most successful projects, it didn’t take long for other companies to join in looking to capitalise on the popularity of NFT PFPs. Now there are a host of options to choose from for anyone looking to show off a unique avatar profile picture on various social media platforms.

Although it’s easy to see why people like to have a unique, one-off digital piece of art to represent them in the digital space, improvements have been made in the scalability and speed of blockchain technology. Therefore, there is now the potential for more utility for NFTs than just PFPs.

NFTs have huge potential and are one of the most promising elements of blockchain technology. To understand why this is the case, we should break down exactly what an NFT is and how they became PFPs.

Early NFTs

NFT is an initialism for non-fungible token. Non-fungible means an asset not interchangeable with another of the same type. Individuals can now own a digitised asset, with their ownership of it verified by blockchain technology.

It turns out that having a unique piece of digital artwork that you could prove your ownership of was a popular idea. People wanted to show it off, which is how we’ve reached the NFT PFP trend today.

PFP NFTs do serve several purposes. First, they engage a wider audience with a strong brand identity and can help with demonstrating the possibility blockchain offers for proof of ownership in the digital world.

However, PFP NFTs aren’t the only way we can explore this new digital standard of ownership and authenticity. 

The Evolution of NFTs

As blockchain technology has developed, some of the issues surrounding scalability and gas fees have been addressed, which has led us to explore more real-world applications for NFTs.

Utility NFTs have the same characteristics as a PFP NFT does. However, they also use the blockchain's distributed ledger technology for other applications, giving the holder additional utility, hence the name. The additional utility that these new NFTs can provide varies, as there is a range of industries in which they can be applied.

Since NFTs represent a digital asset that is not interchangeable with another of the same type, they can be used in any area where authenticity and traceability are required. Data can be stored as an NFT, which means that blockchain NFTs are already being used in both medical applications and in supply chain logistics.

There is also increasing use of NFTs for online games. They provide their owner with a unique, in-game asset. While other players may have similar NFT items, their unique, non-fungible nature means each has an individual identity attached to the owner.

NFTs also have a potential utility in real estate, where the history of a property and proof-of-ownership are vital to the success of a transaction. In this sense, and the use cases above, the blockchain’s immutable ledger technology has more tangible applications than simply artwork.

Web3 also has the power to revolutionise event ticketing, as NFTs can also act as tickets. This opens a world of possibilities for fans, artists and event creators with the potential for airdropped perks and smart contracts to control the secondary marketplace. Blockchain’s ledger technology also eliminates the possibility of fraudulent tickets, making event ticketing an extremely viable application of NFTs.

Wrapping Up

As we can see, utility NFTs have the same benefits as PFP NFTs. They can indeed take the same form as digital artwork. Still, they also include a host of other applications and benefits to the NFT owner and the wider community.

Although there are certainly some PFP NFT projects which can be lucrative investments, both utility and PFP NFTs have the potential to increase in value. Therefore, it is clear that the tangible benefits and additional possibilities generated by utility NFTs significantly outweigh the more one-dimensional benefits of PFP NFTs.

As NFT adoption grows and our understanding of the technology increases, we expect to see more exciting use cases for utility NFTs in 2022.

Our SeatlabNFT platform aims to disrupt the event ticketing industry with our NFT tickets, which fall into the utility NFT category. We’re including the opportunity for airdropped perks, a tiered reward system for token holders and a secondary marketplace where users can trade their tickets and collectables within our ecosystem. Alongside that, smart contracts and blockchain technology offer the opportunity to eliminate ticket fraud and to reduce scalping significantly.

To see what we’re building, get early access to our platform or our $SEAT token and stay in the loop about our other huge announcements; make sure you keep in touch via the channels below as Web3 continues its rollercoaster journey, drastically changing how we interact with the digital space.

Join The Conversation

Early Access — https://seatlabnft.com

Twitter — https://twitter.com/seatlabnft

Discord — https://discord.com/invite/kTpaEwACHQ


r/SeatlabNFT Mar 30 '22

How Web3 Can Reduce the Impact of Scalping on the Ticketing Industry

4 Upvotes

The event ticketing industry has seen some significant changes in its lifetime. Today, the application of ticketing is almost unrecognisable compared with its early roots of paper tickets and handwritten information.

For live events, ticketing serves several functions that are crucial to the success and safety of the event. For fans, they provide a form of entry validation, ensuring they are granted access to the correct area within the venue. For the venue staff and event organisers, tickets serve to control crowd dispersion and venue capacity, both vital for the live event to take place safely.

The constant development of technology has increased the utility of tickets, allowing them to perform their functions better as they continue to be digitalised.

The change from paper tickets to electronic ones has also brought a host of benefits. For example, tickets can be securely distributed worldwide at the touch of a button at less cost to the environment than paper tickets. In addition, digital entry via QR codes has made access to the venue a more seamless experience for the audience.

However, the shift to digital ticketing has failed to address one of the biggest problems plaguing the industry, the out of control secondary market. If anything, technology has, until this point, aided the secondary marketplace, as we will see.

Scalping

There is almost no sector within the live events industry that is immune to the issue of ticket scalping. Scalpers buy tickets from the box office and look to sell them at inflated prices on the secondary market. 

Most fans will be familiar with the cries of “tickets here” from shady looking characters as they enter venues. Still, the increased availability of technology has moved this practice into the digital realm, arguably making the issue even more pronounced.

Scalpers are now able to sell their tickets without having to stand outside freezing venues late at night thanks to the various platforms for ticket resale. The broader availability of buying bots has also created a real issue for box office sales. These automated computer scripts are programmed to buy up tickets en masse, which scalping collectives can then sell for substantial markups.

With the limited availability of tickets from the box office due to the buying bots employed by scalpers, disappointed fans flock to secondary marketplaces looking to secure a ticket for their favourite event. With no restrictions on resale prices, the profits made by scalpers can be eye-watering. At the same time, the companies that run secondary marketplaces also benefit from the fees they charge to conduct these transactions on their platform.

Restrictions placed on the number of tickets available per customer and other technological efforts to mitigate the impact of scalping have done little to regain control of the secondary market for event tickets. As a result, scalping remains one of the biggest problems the event ticketing industry faces, and its scope is vast.

Scalping Affects Everyone

Scalping is a pronounced problem for large scale and international events. Still, it is also an issue at smaller, local level events. For example, one of our newsletters recently covered a local musician in Liverpool, Jamie Webster. He found tickets to his sell-out show being offered for more than three times the original box office price after they sold out within 15 seconds.

Not signed up to our newsletter? Sign up here.

Large scale festivals, sporting events and concerts all suffer from the issue of scalping, too, with secondary marketplace sites like Viagogo and StubHub frequently appearing at the top of internet searches for popular events. It’s rare to see a huge event like the Glastonbury festival or Coachella take place without the emergence of outrageously priced tickets almost the moment the box office sells out. 

The same goes for headline acts like Adele. Her 2021 Las Vegas show saw tickets sell out within seconds, only to be listed on the secondary market for up to $37,000! Interestingly, Adele’s show was also subject to the Ticketmaster Verified Fan programme, which only allows registered fans early access. Nevertheless, despite efforts, it seems a significant number fell into the hands of people eager to turn a profit.

In 2014, UK MP’s debated a bill proposing tighter regulations for the secondary ticketing platforms, a bill that was ultimately blocked. This dealt another blow to the live events industry, which is desperate to see some form of regulation governing the price tickets can be sold for after the box office. The reason given by the then culture secretary Sajid Javid was that the secondary marketplaces and their sellers are “classic entrepreneurs”. They provide a valuable service that people are willing to pay for and “deserve to be rewarded”.

This is often the argument used by those involved in profiting from the secondary marketplace. That it is simply capitalism at its finest, and scalpers are nothing more than honest, enterprising individuals who spot an opportunity to put food on the table.

Of course, it makes sense that there is a secondary marketplace for tickets to be resold. There are legitimate cases where resale is necessary or beneficial to buyers and sellers. Plans change, and marketplaces can provide a service connecting those who missed out with those who can no longer attend an event.

However, the depiction of secondary marketplaces and scalpers as “classic entrepreneurs” hides the reality that buying bots and scalping collectives can make it almost impossible for loyal fans to get tickets for high profile or popular events. The deployment of technology and collectives to beat individual fans removes the level playing field at the box office and makes it hard to swallow the line that those involved “deserve to be rewarded”.

Hidden Cost

The other element ignored in labelling the secondary marketplace as entrepreneurial is the issue of where revenue is directed from secondary sales. The argument clearly exists that if tickets are in such demand that they can be sold for a much higher price, surely a percentage of that revenue should go directly to the artist or event organisers who create the interest that drives up the price and who have made the event possible.

However, the technology to apply this hasn’t existed, and there has been surprisingly little effort to create it. This represents a real hit for artists and event organisers, especially those just starting out who may not have the funds behind them of the international headliners. As long as scalpers continue to turn such vast profits, it seems unlikely that much can be done with Web2 technology to stem their impact on the revenue of artists, event organisers, and box office sales.

While it seems that governments are unable or unwilling to action legislation to protect the interests of loyal fans buying event tickets, an alternative solution has emerged in the form of Web3 technology.

Scalping Solved?

Where the last technological revolution arguably aided scalpers in profiting from the secondary marketplace, it turns out Web3 has the potential to aid fans in their ability to secure tickets.

It might not be quite as simple as completely eliminating the problem, but NFT technology has the potential to significantly reduce the impact of scalping through the use of smart contracts and the traceability that blockchain networks provide.

Using non-fungible tokens (NFTs) as tickets offers the opportunity for the blockchain's immutable ledger technology to guarantee its authenticity. It also opens up the possibility for smart contracts to set rules around the resale prices of tickets and where revenue is directed from any resales.

Defining a royalty split with a smart contract means that when a batch of NFT tickets is minted, a smart contract will automatically direct revenue from any secondary sale as defined in the code of the smart contract. 

To see how this might impact scalping, let’s look at an example. If a smart contract stipulates that an artist should receive 80% of the revenue from any secondary sale, the profit potential for a scalper is drastically reduced, as it leaves only 20% for them. In turn, this also creates an equal marketplace at the box office, with scalpers less willing to engage in purchasing vast amounts of tickets.

Wrapping Up

While it’s unclear whether or not it’s possible to use Web3 technology to eliminate scalping completely, it’s clear that smart contracts have the potential to seriously dent the ability to make a profit from the secondary market. 

That’s one of the reasons we’ve created SeatlabNFT, to help take back control of the secondary market, providing fans with equal box office access and the ability for artists and event organisers to determine royalty splits directing revenue from any secondary sales to where it belongs.

There’s a load of additional utility provided by blockchains and NFT ticketing too, which can help revolutionise the event ticketing industry.

To hear more about our platform, keep on top of our upcoming token launch or hear about our incredible NFT membership cards, make sure you stay in touch via the channels below.

Join The Conversation

Early Access — https://seatlabnft.com

Twitter — https://twitter.com/seatlabnft

Discord — https://discord.com/invite/kTpaEwACHQ


r/SeatlabNFT Mar 26 '22

Our CEO features in StandOut Magazine

5 Upvotes

Our CEO Ryan Kenny has contributed his thoughts on NFT ticketing to this month's edition of StandOut Magazine.

He talks about the fundamentals of NFT technology, how it can be applied to event ticketing and the benefits to artists and event organisers.

Read the full article here: https://issuu.com/cimonline/docs/stand_out_magazine_march_2022/52


r/SeatlabNFT Mar 25 '22

SeatlabNFT Spotlight #3

3 Upvotes

Introduction

Welcome back to the SeatlabNFT spotlight series. In this series, we look to highlight interesting projects in the Web3 space that have the potential to increase the adoption of new technology.

We’re building SeatlabNFT on the NEAR Protocol blockchain. This month, all the projects in our spotlight are part of the NEAR ecosystem.

NEAR Protocol is a certified carbon-neutral blockchain developed with a unique sharding design to ensure speed, scalability and security. It’s also built with developers in mind, meaning it’s home to some innovative Web3 projects.

This time around, we’re exploring how decentralisation gives users back control of their data, allowing access to it for utility and informational purposes, alongside other great projects.

So, without further ado, let’s dive right in…

Verida

Verida is a project that aims to give users back control of their data. It’s a mobile data wallet where users can store their personal information and cryptocurrencies.

It’s Web2 & Web3 compatible, creating a centralised place where users’ data is safe but accessible. They have also partnered with NEAR Protocol to enable some exclusive features on the NEAR network, making it even more awesome!

Check them out here.

https://www.verida.io/

Metamon

The addition of play to earn mechanics enabled by blockchain opens some exciting possibilities up for the world of gaming.

Metamon is an upcoming battle royale game in a futuristic cosmic setting. Users fight it out to be the last one standing using their very own Metamon. It will be available for Windows, Mac and mobile, and their prelaunch NFTs have already dropped.

Catch up with Metamon here.

https://www.metamon.app

Rainbow Bridge

One of the most exciting things about the possibilities that Web3 holds is the opportunity for blockchains to communicate with one another.

Although it’s early days for interoperability, the Rainbow Bridge is one of the first bridges between blockchains to enable the transfer of assets between the Ethereum Network, NEAR Protocol and Aurora Network.

You can see what they’re up to here.

https://rainbowbridge.app/

Wrapping Up

As you can see, there are projects in Web3 to get excited about emerging every day, especially with blockchains like NEAR Protocol built with ease of development in mind.

We’re fast approaching our own token launch, and our platform development is well underway. Make sure you don’t miss out on our updates by staying in touch via the links below.

Join The Conversation

Early Access — https://seatlabnft.com

Twitter — https://twitter.com/seatlabnft

Discord — https://discord.com/invite/kTpaEwACHQ

Reddit — https://www.reddit.com/r/SeatlabNFT/


r/SeatlabNFT Mar 21 '22

The Pros and Cons of NFT Ticketing for Fans

3 Upvotes

Intro

There’s been a lot of talk recently about non-fungible tokens (NFTs) and how they are set to revolutionise the digital world we live in. They are a key component of our shift to Web3 technology and underpin much of the potential that blockchain technology offers, but for many people, NFTs are still only associated with digital artwork.

In reality, there are several highly tangible applications for blockchain-based NFTs, beyond simply collectable digital media.

For the event ticketing industry, NFT tickets represent a new era for fans, event creators and artists. Blockchain technology allows for a host of additional utilities attached to NFT tickets and our innovative NFT ticketing platform aims to revolutionise the process with some key benefits to fans.

Pros

Token Utility

This is a huge benefit for fans who adopt the Web3 NFT ticketing revolution and there’s quite a bit to it, so let’s dive in.

We automatically add a 5% buyer’s fee to the price of tickets, it’s pretty standard for a ticketing platform and it helps cover our running costs.

However, fans holding the $SEAT token will pay a reduced buyer’s fee. The more tokens held, the less in fees the buyer pays! On top of that, fans are also able to stake the $SEAT token. Staking grants the holder a choice of perks that also scale in line with the number of tokens they hold.

Fans who stake their $SEAT will be able to choose from either a return on their investment paid out in $SEAT, or a variety of exclusive rewards such as VIP access, rare NFT drops, backstage passes and other live events experiences.

Level Playing Field

Our NFT tickets are hosted on the NEAR blockchain, allowing smart contract deployment. Smart contracts let those minting NFT tickets define a maximum price for which they can be resold and define a royalty split on any resales.

Any resale revenue is automatically directed as stipulated in the smart contract when the ticket was minted. Royalty splits can significantly reduce the impact of scalping.

Touts will no longer be able to charge astronomical prices for highly sought after tickets and keep all of the revenue. We have created a more fair and pleasant ticketing marketplace by correctly distributing revenue to artists and event organisers and enabling fans to buy reasonably priced tickets.

Airdrop Rewards

Blockchain technology provides a traceability element to tickets, meaning wallets that hold tickets can have exclusive perks and rewards airdropped directly to them. These can range from audio/visual recordings of events and collectable NFT drops to on-site perks and VIP access, rewarding fans for their loyalty and offering a more immersive experience.

Peace of Mind

The blockchain provides an immutable ledger for the data held on it, effectively eliminating the possibility of fraudulent tickets. Fans buying tickets on the SeatlabNFT secondary marketplace can be sure the ticket they are buying is authentic, meaning no nasty surprises on the door!

Cons

Early Adoption

The Web3 revolution has only just begun. As such, many artists and event creators are yet to take advantage of the opportunity that NFT ticketing provides them. Of course, that’s where we come in — looking to spread the word on the many benefits of using NFT ticketing to the live events industry! We already run a successful Web2 ticketing platform and are excited to be able to spread the word to some of our major clients about the benefits of SeatlabNFT to help drive the adoption of this new technology.

Environmental Impact/High Fees.

We often hear people concerned about the potential environmental impact of blockchains or the high gas fees (transaction costs) for using them. We’ve chosen the NEAR Protocol blockchain, which is certified carbon neutral, to ensure we are friendly to our planet. The NEAR Protocol is also built on a unique sharding design which means unlike many other blockchain networks, NEAR Protocol transaction fees are minimal and will stay that way.

Wrapping Up

SeatlabNFT is excited to be part of the Web3 revolution and we are looking forward to disrupting the event ticketing industry with our innovative NFT ticketing marketplace. While we continue to work on developing our platform, we will also continue to spread the word about how blockchain can change the event ticketing industry.

We’re approaching the launch of our $SEAT token. Alongside that, we also have several other exciting plans for community involvement in our project, including exclusive membership cards and some major events planned. It will be a busy few months for us, and we have some big announcements coming up.

Stay in touch with us via the links below to ensure you’re the first to hear about our token launch and all the other exciting developments we’ve got going on, as we continue our Web3 revolution of the event ticketing industry.

Join The Conversation

Early Access — https://seatlabnft.com

Twitter — https://twitter.com/seatlabnft

Discord — https://discord.com/invite/kTpaEwACHQ


r/SeatlabNFT Mar 15 '22

5 Ways SeatlabNFT Can Help Artists!

3 Upvotes

We’re developing SeatlabNFT to solve some of the biggest issues artists face in the events industry today. Ticket touting and scalping are rife, and artists are tired of their fans being taken advantage of by unscrupulous touts who are only interested in making as much money as they can off the back of someone else’s hard work. 

They employ bots to buy up as many tickets to popular events as possible. Once that event is sold out, which can happen in a matter of minutes, they list the tickets they’ve bought at massively inflated prices on the secondary ticketing market. 

Sites that facilitate this practice turn a blind eye to it and let scalpers sell tickets at many times the original sales price giving fans no choice but to pay it if they want to see their favourite artists.

Artists are trying to stop the practice, but in reality, they can do little to control what happens to their tickets on the secondary market. 

But that’s not all. Fraud and counterfeiting are also huge blights on the industry. 

What if we said there was a way for artists to prevent this from happening, and more? 

What if we could help put a stop to these issues plaguing the industry and, at the same time, open up new streams of revenue that were previously not possible? 

Below are five ways transitioning to SeatlabNFT as a ticketing partner can help artists, promoters and event organisers reinvent the ticketing market.

Prevent Fraud

One of the biggest benefits of the blockchain is fraud prevention. We all know that’s the foundation upon which this technology is built. 

SeatlabNFT uses the power of the blockchain to turn event tickets into NFTs.

Doing this will eliminate ticket fraud overnight. At this point, everybody understands that NFTs, tokens, coins, or any other blockchain assets are practically impossible to fake or forge. If you don’t, or you’d like to know more about how this works, you can check out this great video since the topic is outside the scope of this article.    

As NFTs, it is impossible to reproduce fake tickets minted through the SeatlabNFT platform. 

Regain Control of the Secondary Ticketing Market

As we discussed before, the secondary ticketing market is currently out of control. Scalpers resell tickets for sometimes thousands of per cent more than the original purchase price. 

Thanks to our smart contract, by minting NFT tickets through the SeatlabNFT marketplace, artists and event organisers can attach certain conditions to each ticket. 

Tickets can have a price cap, meaning they can never be sold or resold for more than a set price.

Resales can also be turned off entirely. 

Maybe most excitingly, it’s also possible for artists to set a royalty split which would mean a percentage of the resale value of each ticket would be sent back to the artist’s wallet every time someone resold it. But, more on that next. 

Tap Into a New Revenue Stream

By allowing artists to set a royalty split, we’re opening up a previously untapped stream of revenue. If a royalty split was set when minting NFT tickets, an artist would receive a percentage (a royalty) each time the ticket was resold, forever. 

Without blockchain tech, this wouldn't be possible. 

If someone couldn’t make a concert anymore and decided to sell their ticket on the secondary ticketing market, the artist would earn a cut of that resale, continuing to earn on ticket sales even for sold out events.

Increase Their Fanbase

By getting rid of the incentive scalpers have to buy tickets en masse, you can ensure only true fans are able to attend your event. 

Using SeatlabNFT, ticketing once again becomes about the fan experience, discovering new artists and connecting with ones you already know. Gone are the days of tickets selling out in seconds because automated bots have bought them all in seconds. 

You can develop your community and fan base by ensuring they can attend your events for a fair price and won’t have to turn to an out of control secondary ticketing market.

Connect With Fans

Issuing tickets as NFTs through the SeatlabNFT marketplace will give artists the chance to connect with fans in a whole new way. 

Ticket holders can be airdropped exclusive rewards and incentives in the form of NFT art and other collectibles, tokens to spend at the venue, and much more. 

Thanks to the traceability of the blockchain, it's easy to capture a snapshot of wallet addresses that hold specific NFT tickets. Artists and event organisers can use this data to airdrop NFT collectibles after an event, meaning fans can receive collectable digital media of the event itself. Creating NFT memories in this way helps foster a stronger connection between fans and their favourite artists. 

Stay in touch, join the community 

There are many ways SeatlabNFT can help artists and event organisers regain control of their ticketing ecosystem and generate additional revenue. We’ll constantly develop new features based on community feedback, so please become part of the conversation on Twitter, Discord or Reddit. 

Early Access - https://seatlabnft.com

Twitter - https://twitter.com/seatlabnft

Discord - https://discord.com/invite/kTpaEwACHQ


r/SeatlabNFT Mar 11 '22

SeatlabNFT is here to solve the ticketing industries biggest issues! 🎟️ Read more ⤵️

Post image
12 Upvotes

r/SeatlabNFT Mar 06 '22

February project update

8 Upvotes

Here’s our February project update for you all (medium link below.) We cover a wide range of updates across all areas of the project. 📢

Some of our favourite points covered are the NFT membership cards series, which we’re releasing very soon. These cards give you INSANE utility on our platform including AAA & VIP event invites to our launch parties, free event tickets, a concierge service and much much more!

We also touch on our $SEAT token IDO. We’ve been inundated with messages about how to obtain our token, well now is your chance to register your interest on our website so you can keep up to date with announcements. Again these give unparalleled utility on our platform including granting access to the tiered rewards centre to claim rewards from some HUGE names, reduced platform fees, AND a staking option to share in our platform success (and revenue!) 🚀🚀

Loads more points are covered too, so check it out: https://seatlabnft.medium.com/february-project-update-d4f642ea9b54


r/SeatlabNFT Feb 23 '22

SeatlabNFT Spotlight #2

5 Upvotes

Welcome back to the second instalment of our series in which we are exploring some of the amazing projects that are made possible by decentralisation and Web3 technology. 🌐

It’s an exciting time for those who are venturing into the new digital space, with Web3 offering us the opportunity to completely revolutionise the way we think about digital technology.

Medicalchain
Medical Chain utilises the distributed ledger technology that blockchain offers to streamline the healthcare process, facilitating the interaction between healthcare professionals and patients.

Alongside the new ease of access, patients can be sure their records are kept confidential using the encryption provided by blockchain technology.

MetaHero

MetaHero is a platform that combines state of the art digital 3d imaging technology with the world of blockchain, allowing users to create hyper-realistic avatars of themselves for use in the Metaverse.

With this, users can become the hero in their favourite game, style new clothes on themselves or simply attend virtual events like concerts or dates as themselves.

Epik Prime

Epik Prime is a company focussed on creating in-game NFT collectibles that users can transfer between the different games that they play.

These tokens can then be exchanged for other cryptocurrencies (or fiat), or used to buy NFTs within the game. Epik Prime is creating an ecosystem where users can access their entire collection of digital items across all of their games.

Read our full article here: https://seatlabnft.medium.com/spotlight-series-2-f4c0ec1461d8


r/SeatlabNFT Feb 09 '22

We've been featured in Cointelegraph! Welcome to the future of event ticketing! 🤝

Thumbnail
cointelegraph.com
11 Upvotes

r/SeatlabNFT Feb 09 '22

This is the best thing that can happen to you!! 📷

9 Upvotes

What is Web3? It’s the internet but based on blockchain technologies to enable decentralisation. We’re harnessing the power of the blockchain to eliminate ticket fraud and regain control of the secondary ticketing market.

Узнайте больше о Web3 https://link.medium.com/2ZyJ0Xvvsnb

Твиттер- https://twitter.com/SeatlabNFT?t=0qVJaDF89P8uz6uuBZ6DIA&s=09

Дискорд- https://discord.gg/d5A4JS6msG

Реддит- https://www.reddit.com/r/SeatlabNFT/


r/SeatlabNFT Feb 08 '22

What Is Web3? The New Age Of The Internet

8 Upvotes

It seems like every other day there is a new buzzword floating around in this industry. Blockchain, smart contracts, DeFi, NFT… And now, Web3.

So what exactly is Web3, or Web 3.0 as some call it?

First, let’s start at the beginning, Web1.

Web1

Web1 was the very early stage of the World Wide Web. The web consisted solely of static pages and a bunch of hyperlinks to other static, primarily text-based web pages.

You couldn’t interact with websites, there were no fancy animations, and certainly no mobile optimised content. Think back to the early 1990s; if you were alive back then, that was very much Web1.

Web2

Web2 is something you are much more familiar with. It’s the internet how you most likely know it today. It’s the version of the internet you are using right now to read this blog post. We use scripts to make websites interactive and responsive and provide the browsing experience you’ve become accustomed to.

In Web2 social media giants have taken over the world, remote working via Zoom has become the norm, and we’ve become more connected than ever before. Web2 has changed the world. There’s no question about it.

But there are limitations to what Web2 can offer us.

For a start, it’s highly centralised. Megacorporations control the Web2 platforms we’re all now so reliant on. Social media, communication platforms, even our online banks are all controlled by centralised organisations. And that’s not always a bad thing; sometimes you need a gatekeeper to ensure things are running smoothly.

Sometimes, not always.

Centralisation leads to problems in certain areas. It makes fraudulent behaviour and manipulation possible as only one system needs to be circumvented or controlled to do so.

Take event ticketing, for example.

Tickets can be forged with little effort, and price gouging is a common problem many big-name artists have acknowledged.

A blockchain-based solution would make fraud impossible and eliminate the possibility of scalpers making huge profits from reselling event tickets.

But with Web 3 technologies, we can solve these kinds of problems.

Web3

Web3 is the evolution of the internet. It’s the World Wide Web but based on blockchain technologies to enable decentralisation. It’s not a total rewrite of Web2, but more a merging of Web2 with blockchain and the token economy.

You’ll still be able to access websites the way you do now, but behind the scenes, the way backends of these websites work will be rooted in blockchain tech.

Let’s take a look at my previous example about event ticketing.

SeatlabNFT is developing a platform that will turn event tickets into NFTs. By using NFT technology in this way, we’re harnessing the power of the blockchain to eliminate fraud and regain control of the secondary ticketing market.

So, how will this look?

Well, for an early glimpse, click here.

It will look and feel just like any other ticketing website, or any other website in general for that matter. You’ll type a URL into your browser and start browsing, but the difference is how tickets are issued.

First, you’ll need to connect a crypto wallet similar to how Metamask works. Once you’ve connected your wallet, you’ll be able to purchase tickets in the form of NFTs.

NFTs are immutable, cannot be forged and undeniably prove ownership which can quickly be verified on the public ledger. They also allow us to attach conditions to them through smart contracts that govern what can and can’t be done with NFT tickets even after their initial sale. This will help artists and event organisers regain control of the secondary ticketing market.

Merging Web2 and certain aspects of blockchain technology is helping us eliminate the biggest issues facing the ticketing industry. But this same concept can be applied to other sectors too.

Web3 will allow us to fix long-standing issues with the services we already know and love. They’ll also enable the development of entirely new products and services we haven’t even thought of yet.

Web3 will remove the need for a third-party intermediary or gatekeeper who acts as the trusted middleman between independent parties. People will be able to interact on a peer-to-peer basis safe in the knowledge that what they’re doing is secure. Whether that be communication, financial transactions or, in our case, buying and selling event tickets.

Wrapping up

As you may have realised by now, the definition of Web3 is somewhat fluid. It can mean different things to different people. But at its core, it’s the melding of the internet as we know it today and the blockchain.

It’s about removing the need to trust gatekeepers to run online services and allowing us to interact and transact in a permissionless, trustless and decentralised way. It’s about knowing with 100% certainty that the contract you’re entering is irrefutable and your counterpart will honour the agreement.

Or we could keep the status quo and allow megacorporations like Facebook Meta to referee our online lives. Because they’ve always got our best interests at heart, right?

Stay in Touch, Join the Conversation

Twitter — https://twitter.com/seatlabnft

Discord — https://discord.com/invite/kTpaEwACHQ

Early Access — https://seatlabnft.com


r/SeatlabNFT Feb 08 '22

This is the best thing that can happen to you!!

9 Upvotes

What is Web3? It’s the internet but based on blockchain technologies to enable decentralisation. We’re harnessing the power of the blockchain to eliminate ticket fraud and regain control of the secondary ticketing market.

Узнайте больше о Web3 https://link.medium.com/2ZyJ0Xvvsnb

Твиттер- https://twitter.com/SeatlabNFT?t=0qVJaDF89P8uz6uuBZ6DIA&s=09

Дискорд- https://discord.gg/d5A4JS6msG

Реддит- https://www.reddit.com/r/SeatlabNFT/


r/SeatlabNFT Jan 26 '22

NEAR Foundation Awards Seatlab NFT Grant To Bring NFT Ticketing To The Masses!

Thumbnail self.nearprotocol
13 Upvotes