GET Protocol, an Amsterdam-based NFT ticketing company, has successfully raised $4.5m in a seed funding round. The firm presents a novel approach to the ticketing industry by leveraging blockchain technology and introducing a platform that rewards concert-goers with NFT collectibles.
The seed round amassed $4.5m, spearheaded by Flow Ventures, according to a report from Tech.eu. Participating investors included Animoca Brands, Redbeard Ventures, Funfair Ventures, and Sebastien Borget, co-founder of The Sandbox, alongside other funds.
GET Protocol’s mission is to redefine the ticketing sector through the integration of blockchain technology, issuing more than four million tickets to date. The company uses NFTs as a form of digital reward for event attendees, targeting mainstream consumers and fans of various high-profile artists such as Ne-Yo, Gucci Mane, Lewis Capaldi, and Louis C.K. They state that no tickets have been scraped or resold outside of sale terms through their integrated global ticketing companies.
The funding raised will be deployed to expand the business across the board, with plans to raise its profile within the Web3 space. The platform operates a full on-chain ticketing economics system, where partners pay for protocol usage through the GET token while attendees experience a seamless purchasing process in their local FIAT currency.
The CEO and co-founder of GET Protocol, Maarten Bloemers, expressed excitement over the funding round completion, appreciating the support from the strategic investors. He believes these backers provide not just financial continuity but also a valuable network and industry expertise to help scale the business.
Previously, GET Protocol has kept a relatively low profile while building its tooling and attracting significant interest from decision-makers within the events industry. With this seed round, they are ready to take a step into the spotlight.
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