In a significant development for the ticketing industry, Dutch startup GET Protocol has successfully raised $4.5 million in a seed round. This NFT ticketing innovator garnered support from renowned Web3 veterans, including Animoca Brands, Redbeard Ventures, Funfair Ventures, and the Tezos Foundation. The investment not only ensures the continuity of GET Protocol’s operations but also enables the company to expand into new markets and disrupt the ticketing industry further. Let’s dive deeper into this exciting news.
GET Protocol: Revolutionizing Ticketing with NFTs
GET Protocol, founded in 2016 by Maarten Bloemers in Amsterdam, has emerged as a leading NFT ticketing solution. The platform has successfully processed over 1 million tickets to date and has gained recognition for its safe and transparent ticketing system. By leveraging blockchain technology, GET Protocol offers complete control over the sale and trade of tickets, empowering ticket holders and event organizers alike.
Strategic Investment for Growth
The recent seed round, led by Flow Ventures, marks a significant milestone for GET Protocol. The strategic investors involved bring not only financial backing but also invaluable expertise and networks within the Web3 space. The round’s participants include prominent figures such as Sebastien Borget, co-founder of The Sandbox, who invested in Flowdesk.
The Path to Disrupting the Ticketing Industry
The ticketing industry has long been in need of innovation, and GET Protocol aims to fulfill that need. Flow Ventures believes that GET Protocol will be one of the first Web3 projects to achieve mainstream success. By seamlessly integrating NFTs and wallets into the hands of millions of users, GET Protocol has the potential to revolutionize the ticketing experience.
Maarten Bloemers, CEO and co-founder of GET Protocol expressed his excitement, stating that this seed round allows the protocol to step into the spotlight after years of behind-the-scenes development. With the support of these strategic investors, GET Protocol is well-equipped to scale up its business across various domains and capture the attention of the Web3 community.
Tezos Partnership: Fostering Innovation and Trust
GET Protocol’s partnership with the Tezos Foundation is another crucial aspect of this funding round. Tezos, a leading blockchain platform, is committed to fostering innovation and supporting pioneers who push boundaries in their respective fields. As a new native blockchain for GET Protocol, Tezos further solidifies its dedication to driving the ticketing industry forward and setting new standards of innovation, efficiency, and trust for users worldwide.
The Future of Ticketing
GET Protocol’s success is not just limited to its innovative ticketing solution. The platform’s tooling has led to groundbreaking developments in the industry, such as evolving collectibles for sports fans and on-chain pre-funding of future events for independent artists. These advancements have contributed to the issuance of over 4 million blockchain-based tickets, featuring renowned artists like Ne-Yo, Gucci Mane, Lewis Capaldi, Louis C.K., and many others. Notably, not a single ticket issued by GET Protocol has been scalped or resold outside the conditions set by event organizers.
Conclusion
The $4.5 million seed round secured by GET Protocol signifies a significant step forward for the company and the ticketing industry as a whole. With the support of Web3 veterans and strategic investors, GET Protocol is poised to disrupt the ticketing landscape and bring NFTs and wallets to millions of users worldwide. As the protocol continues its global operations and expands into new markets, the future of ticketing looks more secure, transparent, and user-centric than ever before.
FAQs
What is GET Protocol and how does it revolutionize ticketing?
GET Protocol is a Dutch NFT ticketing platform that leverages blockchain technology to offer a safe and transparent ticketing experience. It gives complete control over the sale and trade of tickets, ensuring that ticket holders and event organizers have a secure and fraud-resistant system. By utilizing NFTs (non-fungible tokens), GET Protocol enables seamless integration of digital tickets and wallets, offering a radically new way of ticketing for users.
How does the recent $4.5 million seed round benefit GET Protocol and its future plans?
The $4.5 million seed round, led by Flow Ventures and supported by Web3 veterans like Animoca Brands and the Tezos Foundation, provides GET Protocol with the financial backing and expertise needed to scale up its operations and expand into new markets. The strategic investors not only bring funds but also invaluable networks and know-how within the Web3 space. This investment ensures the continuity of GET Protocol’s disruptive efforts to transform the ticketing industry and introduce NFTs to millions of users worldwide.
What are some notable achievements and partnerships of GET Protocol?
GET Protocol has successfully processed over 1 million tickets to date, offering secure and transparent ticketing solutions. Through their tooling, GET Protocol has delivered various innovations, including evolving collectibles for sports fans and on-chain pre-funding of future events for independent artists. Additionally, their partnership with the Tezos Foundation as their new native blockchain further solidifies their commitment to driving innovation and fostering trust in the ticketing industry. GET Protocol has also issued over 4 million blockchain-based tickets, featuring renowned artists such as Ne-Yo, Gucci Mane, Lewis Capaldi, and more, without a single ticket being scalped or resold outside the event organizers’ conditions.
