The date of SeatlabNFT’s IDO has been revealed. The company’s website has all of the necessary information. People all over the world will have the first chance to invest in the innovative ticketing platform NFT’s native $SEAT token on May 24, 2022.
SeatlabNFT is a ground-breaking event ticketing platform based on the climate-neutral NEAR Protocol blockchain, designed to give everyone involved in live events a more immersive and connected experience. Using the blockchain’s transparent and irrefutable ledger to issue tickets as NFTs will eliminate fraud and drastically minimize the impact of ticket scalping.
To strengthen the bond between artists and fans, SeatlabNFT allows artists to offer unique prizes directly to fans in the form of NFT memorabilia, VIP tickets, community access permits, and even IRL experiences.
SeatlabNFT assists artists in forging stronger bonds with their audience and extracting actual value from their interactions. It also includes mechanisms for combating ticket resellers, such as royalty sharing and price limitations, in order to rein in the unregulated secondary market.
The allocation of royalties is governed by smart contracts, which send a defined percentage of money generated from secondary sales to one or more royalty beneficiaries selected by the event creator.
SeatlabNFT is a solution developed by Seatlab.
Due to the unique capacity of NEAR protocol blockchain applications to reimburse all gas costs paid by their users, tickets are free. SeatlabNFT imposes a 5% buyer’s fee to make money, which can be decreased by holding their $SEAT token.
Staking rewards are used to pay out half of all buyer fees collected. The other half is sent to the platform’s bank account.
For individuals who hold $SEAT tokens, the SeatlabNFT platform is based on a multi-tiered utility. On the platform, token holders get a variety of perks, including lower fees for NFT tickets and other assets, exclusive access to the rewards center, and the chance to gamble their tokens in exchange for a percentage of the platform fees.
For MetaNews.