By
Svetlana Soroka
April 18th, 2024
Apart from investing into a fast-moving startup that is gaining a lot of media attention, $SEAT holders will get access to a number of benefits once the platform goes live.
SeatlabNFT, a blockchain startup with the goal of revolutionizing the event ticketing industry, is gearing up plans for its forthcoming Initial Decentralized Offering (IDO) which will mark a significant milestone in its ambitious roadmap.
According to details shared with Coinspeaker, the IDO will take place between the 24th and 30th May 2022 and will be hosted on the Skyward Finance platform. As the leading NEAR-based launchpad, Skyward was the clear choice for the IDO event. With more publicity incoming, the SeatlabNFT team needed a reliable IDO launchpad with a good track record of success. Skyward also enables fair launches using a time-based token release mechanism to prevent bots from pumping and dumping prices.
Pre-registration for the SeatlabNFT IDO has started and interested participants can register directly on the platform’s website. Upon registration, the team will send out more information about how to participate in the IDO and occasional reminders to ensure you don’t miss out.
SeatlabNFT chose the IDO route to launch $SEAT in order to give members of its community early access to the project and help co-own it just as the venture capitalists that have previously supported the vision. The IDO event will give everyone an equitable chance to be a part of SeatlabNFT, enjoy the benefits of holding $SEAT and be a force in revolutionizing the event ticket industry with NFT technology.
The Essence of SeatlabNFT
The online event ticketing industry was worth about $28.49 billion in 2021 according to data from Mordor Intelligence. As big as this industry is, centralized elements dominate with industry giants like Eventbrite, Live Nation Entertainment, and Front Gate Tickets taking a huge chunk of commission at the expense of the artists and event organizers.
SeatlabNFT has been created to revolutionize this. By using blockchain technology to prevent ticketing fraud and regain control of the secondary ticketing market via predefined royalty splits, SeatlabNFT is addressing the issues plaguing the industry for artists and event organizers. They’re also making the live event experience more immersive and interactive for fans through the use of exclusive airdrops and rewards.
Built on the NEAR Blockchain, SeatlabNFT is showcasing itself as the leading NFT ticketing platform.
“Blockchain technology eliminates fraudulent tickets, while the transparency of the public ledger allows for ticket buyers to be incentivized and rewarded in ways that haven’t been possible previously. Web3 has the potential to improve the overall ticketing experience for fans, artists, and event creators in the live entertainment space and we’ve created SeatlabNFT to do just that,” the SeatlabNFT team said in a statement shared with Coinspeaker.
The Benefits of Participating in the SeatlabNFT IDO
Apart from investing into a fast-moving startup that is gaining a lot of media attention, $SEAT holders will get access to a number of benefits once the platform goes live. They’ll get access to a discounted fee structure, a staking mechanism, and the ability to claim exclusive rewards from the Rewards Center depending on the number of $SEAT tokens they hold and the length of time they have held them.