Built on the 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 which enable predefined royalty splits, price ceilings and other programmable features. When a ticket is created, 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. You'll also be able to programme our next-generation smart NFT tickets with price ceilings on secondary resales and make select tickets non-transferable or non-resellable to help in the fight against ticket scalping.
NFT Tickets - An NFT provides the proof of ownership of an event ticket, the validity of which can be easily verified on the public ledger and would permit entry to an event. Anyone who holds an NFT ticket in their mobile wallet would undeniably be its rightful owner, thanks to the nature of NFT and blockchain technology. We're giving artists the tools they need to fight back. When minting NFT tickets on our platform, artists and promoters can set conditions such as royalty splits and price ceilings to govern what can and can't be done with tickets after their initial sale.
Collectable NFTs - NFTs (collectable, tradable digital assets) are perfect for community building and rewarding your fans. Combining the collectable NFT boom with event experiences, our marketplace allows you to incentivise your audience by minting unique NFTs that can be airdropped to ticket holders before, during or after every event. Separate from the NFT ticket, these collectibles can be anything from images and graphics to rare live video or audio recordings from the event itself that can serve as memories and ultimately be resold later.
Immersive Fan Pass - An Immersive Fan Pass is a digital NFT membership card that harnesses the power of Web3. It gives holders incredible, never-before-seen opportunities to engage with their favourite artists while rewarding the artists who provide these amazing experiences.
Using NFTs as digital membership cards, we take advantage of the transparent nature of blockchain technology to identify and engage your most loyal fans. A Fan Pass allows artists to increase their connection with fans worldwide, even in areas they may not tour.
We needed a solution to high gas fees and the scalability issues that other Gen-2 and Gen-3 blockchain solutions face. Because of the high-volume minting capability NFT event ticketing requires, this technology would be infeasible if gas fees reached even a fraction of what they currently are within the Ethereum ecosystem.
The negative environmental impact of blockchain technology has been at the forefront of debates surrounding its use. The NEAR Protocol is a certified carbon-
neutral blockchain something that should be a fundamental feature of any blockchain ecosystem looking to scale. But unfortunately, that isn’t always the case.
We want SeatlabNFT to revolutionise the events industry without harming our planet.
NEAR Protocol’s approach to scaling and ensuring gas fees stay low is a process they call Nightshade. It’s a sharding architecture designed to partition the blockchain into smaller pieces so nodes don’t have to process it fully every time a new block is created. By processing blocks in this way, nodes only have to maintain smaller portions of the chain, which speeds the network up, reduces congestion, and ultimately keeps gas fees low. Nightshade enables the NEAR Blockchain to process 10,000 transactions per second.
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