Amsterdam-based GET Protocol, an NFT ticketing solution that bridges mainstream audiences into web3 at a large scale, announced that it has secured $4.5M in a seed round of funding.
The round was led by Flow Ventures, a Dutch-based early-stage venture firm that invests in the tokenized economy that fuels the decentralized web3.
The round also saw investors including web3 veterans such as Animoca Brands, Redbeard Ventures, Funfair Ventures, and the Tezos Foundation, alongside various funds and individuals, including Sebastien Borget, the co-founder of The Sandbox.
The protocol offers total control over the sale and trade of tickets amongst ticket holders from the time the first ticket is sold until the final ticket is scanned, allowing organizers to easily tap into NFTs.
Since its inception, the company’s aim has been to design solutions that prioritize the end user, ensuring that event organizers, artists, and fans can reap the advantages of blockchain and NFT technology while reducing complexity to a minimum.
The GET Protocol’s utility token (GET), which received support through an initial coin offering (ICO) in 2017, can now continue its 7-year worldwide operations and expand into new markets with this strategic alignment.
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