The Future of The Event Experience
as fans enjoy face-to-face look for new immersive live event experiences, how will event organisers and performers keep up and continue to provide them?
We feel strongly about ensuring event organisers, the people putting in the hard work to make events happen, keep 100% of their revenue.
It’s no secret that platforms like Ticketmaster have a stranglehold over the events industry when it comes to ticketing. And they know this. They charge event organisers massive commissions to list and sell their tickets because they know they’ll likely pay it.
This massively eats into event organisers’ margins, resulting in higher ticket prices for fans.
We feel strongly about ensuring event organisers, the people putting in the hard work to make events happen, keep 100% of their revenue.
We also realise that by offering event organisers an outlet to sell tickets for free, we’ll be accelerating the adoption of NFT ticketing as a whole.
Being able to offer SeatlabNFT to event organisers for free is only now possible thanks to NFT and blockchain tech.
In short, yes.
We don’t charge any fees to list events, mint NFT tickets or airdrop fan incentives.
SeatlabNFT is built on the NEAR protocol, so gas fees are minimal, but we go one step further; we cover the cost of any gas fees needed to mint NFT tickets too.
Minting and selling tickets do not cost event organisers a penny, cent or sat.
There isn’t one, really.
Thanks to blockchain technology, we’ve been able to set up the SeatlabNFT Treasury, which funds our running costs, development and marketing in full. It just isn’t necessary for us to charge event organisers a fee for selling tickets to events they’ve worked so hard to make a reality.
By default, we charge a 5% buyer’s fee added to the listed price of tickets; a portion of this fee gets paid into the Treasury. However, buyers who hold $SEAT tokens get access to a reduced buyer’s fee structure, so they pay less depending on the number of tokens they have.
You can find more information about our buyer’s fee structure and what happens to collected fees on our website.
We have a team of over 20 people working flat out on the SeatlabNFT platform. Things are moving quickly, and there’s always something new to share with the community.
If you want to stay up to date with everything that’s going on, make sure to follow us on our socials and sign up for early access.
We’re getting closer to disrupting the ticketing industry every day, so make sure you don’t miss a thing.
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