Key Takeaways:
- Last Friday, the blockchain startup revolutionising event ticketing industry, SeatlabNFT was launched.
- The startup aims to combat event ticket scalping by using a blockchain technology and NFTs.
- An innovative secondary marketplace feature of the app allows fans to buy tickets at a fair price.
Introducing SeatlabNFT, a London-based startup that has set its sights on revolutionising the event ticketing industry. The company noticed a persistent pain point in the industry: exorbitant resale prices of tickets, popularly known as scalping. Using blockchain technology and NFTs (non-fungible tokens), SeatlabNFT has built a platform to tackle this problem and ensure fair ticket pricing.
Tomorrow’s solution to today’s problem, blockchain technology has been hailed as a game-changer across sectors, and SeatlabNFT identifies its potential in event ticketing. Given the increasing popularity and acceptance of NFTs, the startup decided to embrace blockchain technology to combat the age-old issue of tickets scalping and inflated event ticket prices.
What makes SeatlabNFT stand apart is the exclusivity and control it brings to event ticketing. The platform allows event owners to have complete control over the secondary marketplace. This means that the original seller gets a piece of the pie in secondary ticket sales via the royalty split function. This initiative not only rewards the event creators, but also ensures that tickets do not resell at inflated prices.
Moreover, the company has employed blockchain’s transparency and security to eliminate fraudulent ticket sales. Each ticket sold on SeatlabNFT is a unique NFT, which makes it impossible to duplicate. This deters scammers from making quick profits by selling counterfeit tickets.
Looking ahead, SeatlabNFT is positioning itself at the forefront of the event ticketing industry, equipped with the power of blockchain and NFTs. They aim to reinvent the ticketing process, giving control back to event creators and ensuring fans get the tickets they deserve at a fair price.
The future of the ticketing industry is undoubtedly digital and decentralized. With a solution that aims to reward all the stakeholders equitably and also ensures secure and transparent transactions, SeatlabNFT looks set to lead the charge. Connect with them and learn more about their innovative solution via their website here, or on their social media: Twitter, Facebook, and LinkedIn.
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