GET Protocol, an Amsterdam, Netherlands-based NFT ticketing innovator, has raised $4.5 million in a seed round to ensure continuity and is poised to significantly disrupt the ticketing industry.
The round was led by Flow Ventures, with participation from Animoca Brands, Redbeard Ventures, Funfair Ventures, the Tezos Foundation, and individuals including Sebastien Borget, co-founder of The Sandbox.
The funds will be used to continue its global operations and expand into new markets.
Maarten Bloemers, CEO and co-founder of GET Protocol says, 'We are thrilled to have completed this important step for the protocol. After laying low and building out the tooling that generates significant interest from the biggest decision-makers in the events industry, we are now stepping into the spotlight. The strategic investors that are a part of this seed round provide us not only with ensured continuity but also, most importantly, the network and know-how to vigorously scale up our business across the board and grab attention within the Web3 space.'
As part of the seed round, the Tezos Foundation and GET Protocol will collaborate to bring scalable NFT ticketing to both existing and new Tezos partners. This integration will be facilitated through the full integration of GET Protocol's NFT ticketing facilities on Tezos' upcoming EVM network upgrade.
To date, more than four million blockchain-based tickets have been issued using the protocol's tooling for artists such as Ne-Yo, Gucci Mane, Lewis Capaldi, Louis C.K., and a host of others through integrated ticketing companies around the world.
Company: GET Protocol Foundation
Raised: $4.5M
Round: Seed Round
Funding Month: July 2023
Lead Investors: Flow Ventures
Additional Investors: Animoca Brands, Redbeard Ventures, Funfair Ventures, the Tezos Foundation, and Sebastien Borget
Company Website: https://www.get-protocol.io/
Software Category: Ticketing Solution
About the Company: GET Protocol is an NFT ticketing solution that essentially bridges mainstream audiences into Web3 at large scale. The protocol gives control over the sale and trade between ticket holders from the moment the first ticket is sold until the last ticket is scanned and enables organizers to tap into NFTs at ease. The team at GET Protocol believes and will continue to prove that ticketing is the ultimate onboarding mechanism for mainstream consumers into Web3, directly leveraging and rewarding their fandom and attendance.
Source: Chris Alderton