How SeatlabNFT’s Ticketing System Is Disrupting The Industry
The SeatlabNFT ticketing system will reduce ticket touting and end scalping, this is how.
Our vision for the future of ticketing is one where genuine fans are able to get their hands on the tickets they deserve.
Are you tired of trying to get tickets to see your favourite artist, only to find out that they sold out within minutes, and now they're being resold for an outrageous price by scalpers?
We hear you!
As fans ourselves, we at SeatlabNFT understand how frustrating it can be to miss out on an event you've been eagerly waiting for. That's why we're excited to introduce a new way for real fans to get access to tickets!
The world of ticketing has been plagued by scalpers for years, and the problem only seems to be getting worse. Scalpers use automated bots to purchase large quantities of tickets as soon as they go on sale, leaving genuine fans with little chance of securing a ticket at face value. This has created an out-of-control secondary market for tickets, with scalpers often charging several times the original price.
But with NFT ticketing, we're building an innovative solution that can help to level the playing field.
NFT stands for non-fungible token, which is a type of digital asset that is unique and cannot be replicated.
Like cryptocurrencies, NFTs live on the blockchain which is, in simple terms, a public ledger of data that anybody can view. The data recorded on it is permanent and cannot be changed, altered or removed. This is why the blockchain is such a powerful tool; we can use it to prove, without a doubt, that something happened.
By using NFT technology for ticketing, we can reward real fans who have shown their dedication and support for the artist. When somebody purchases an NFT ticket, it is recorded on the blockchain and associated with their unique wallet address. We can then track that ticket's journey to see if it gets resold or transferred to a new wallet address.
This level of transparency enables us to detect which wallet addresses are likely to belong to real fans and which are being used for the sole purpose of buying tickets only to resell them at a later date.
Doing this helps to combat the issue of scalpers buying up large quantities of tickets as, for example, artists can choose to make pre-sale tickets available to only those fans who have previously purchased tickets and haven't got a track record of regularly reselling them.
Being able to automatically verify genuine fans based on their previous actions is a powerful tool that will help get tickets into the hands of the people who they're intended for.
However, NFT ticketing offers more than just a secure and transparent way to distribute tickets!
It also provides an opportunity for fans to collect valuable NFT collectables for certain actions. At SeatlabNFT, we believe that this is an exciting opportunity for fans to not only secure tickets to their favourite events but also to collect rare and valuable NFTs.
Imagine being able to own an NFT that commemorates a specific concert or event that you attended. Or an NFT that celebrates your loyalty and dedication to a particular artist.
With NFT ticketing, this is now possible thanks to the transparency of the blockchain. By completing certain actions, such as buying a certain number of tickets or checking in to an event, loyal fans can be recognised and rewarded with unique and valuable NFT collectables.
These NFT collectables are a great way to show off your dedication to your favourite artist, but they can also hold significant value.
Like traditional collectables, an NFT collectable's value can appreciate over time, potentially netting fans some cash should they decide to sell.
But collecting NFTs isn't just about the potential financial gain. It's also about the sense of community and connection that comes with being a part of something bigger than yourself. By collecting NFTs that are tied to specific events or artists, fans can feel like they are part of a special community of like-minded individuals who share their passion and enthusiasm.
At SeatlabNFT, we're committed to implementing NFT ticketing in a way that is user-friendly and accessible for everyone. We believe that NFT ticketing has the potential to revolutionise the way we think about ticketing, and we're excited to be at the forefront of this new technology.
Of course, there are still some challenges to overcome before NFT ticketing becomes the norm. One of the main challenges is ensuring that the process of purchasing NFT tickets and collectables is simple and user-friendly. At SeatlabNFT, we're working hard to make the process as easy as possible with an intuitive platform that makes it seamless for fans to transition to this new technology.
We need to ensure that NFT ticketing is accessible to everyone.
While the technology behind NFTs is cutting-edge, it's important that it doesn't exclude fans who may not be familiar with the technology. That's why we're building a product that handles all blockchain processes, like wallet address creation, in the background while retaining a familiar user experience.
The onboarding experience for the user is no different from that of a Web2-based ticketing app, but the end result is a fairer, more rewarding and engaging ticketing experience.
We are making NFT ticketing accessible and inclusive for everyone.
NFT ticketing is a game-changer for the world of ticketing. It offers a secure and transparent way to distribute tickets while also incentivising fans to engage more deeply with their favourite artists and get rewarded for doing so.
By using NFTs as rewards for certain verifiable actions, we can ensure that real fans get access to tickets and help artists to build a stronger and more dedicated fanbase. At SeatlabNFT, we're excited to be at the forefront of this new technology, and we're committed to making NFT ticketing accessible and user-friendly for everyone.
So why wait? Take your next event to a whole new level by creating a seller account and listing your first tickets for sale today!
Looking to list your events on SeatlabNFT? Start Selling Today