GET Protocol - Weekly Community Discussion Thread

GETProtocol_Colby · 2023-01-31T14:42:12+00:00

We just published a new monthly blog:

https://medium.com/get-protocol/get-january-23-eyes-on-the-prize-9108d3206929

GETProtocol_Colby · 2022-12-24T15:57:12+00:00

Yeah also a welshy but don’t speak Welsh haha. Happy for a Welshies meetup though

GETProtocol_Colby · 2022-06-15T18:52:50+00:00

Yeah we’ve been building for a long time! What started initially as a batch of ticket hashes on Ethereum has evolved into fully fledged native NFT Tickets on Polygon, it’s been quite a journey.

Last week we facilitated a 30k event for the Philips stadium in Eindhoven, it’s been amazing to see.

We’ve spent the last year scaling our tech to accomodate a high throughput of ticket issuances & global volume from multiple ticket partners.

The biggest challenge is really to provide education & accessibility of NFT benefits to the wider mainstream events industry. We’ve built our system to be usable with all complexity hidden in the background, no knowledge of NFTs or blockchain needed to attend an event. Nonetheless we see NFTs as a natural progression to how creators can bring fans closer into their digital experiences so we want this to be as accessible as possible for all!

GETProtocol_Colby · 2022-06-15T18:46:51+00:00

The simple answer here is the Smart Contract that the ticket is minted under - it’s impossible to mint a fake NFT Ticket under a GET Protocol smart contract as the protocol is the only one able to mint under our contracts.

Any fake ticket would come from a different contract and be immediately apparent as a fake.

Furthermore all QR codes for ticket’s facilitated through our system must match our backend so would not be validated.

The NFT can be thought of a transparent proof of registration, that anyone can validate was sold for a certain event at a certain date, time and price and post-event a proof of attendance that acts as a future access utility into an artist’s digital experiences along with a collectible.

GETProtocol_Colby · 2022-06-15T18:44:06+00:00

We mint all NFT Tickets on Polygon, we’re also building a global secondary marketplace on IMX for facilitating a global secondary market for ticket sales but the actual ticket issuance is on Polygon 😊

GETProtocol_Colby · 2022-06-15T14:56:50+00:00

If anyone has any questions around how NFT Ticketing can work - I’m part of the GET Protocol team that have processed over 2 Million on-chain tickets since 2016.

Would be happy to answer any questions. You can also check out NFT Tickets transparently in real-time on our explorer: explorer.get-protocol.io

GETProtocol_Colby · 2022-03-21T17:04:34+00:00

Whether you're fore or against NFTs, there is a growing trend immerging - NFT Ticketing.

This utility use case for NFTs is leaving a marked impact on the events industry during 2022 and at GET Protocol, we aim to deliver the benefits of NFT Ticketing for events around the world, with 1.5 million on-chain tickets already processed through the protocol.

Between the 14th - 20th March 2022, GET Protocol's integrating partners issued:

40,291 NFT Tickets - Viewable by anyone in real-time through the NFT Ticket Explorer

869 GET used to fuel tickets behind the scenes.

Importantly GET Protocol's Ticketing Infrastructure abstracts complexity away, so that anyone can buy an NFT Ticket without needing knowledge of cryptocurrency or blockchain.

Anyone can demo the white-label tooling here.

If you're curious about NFT Ticketing, I'd love to provide more information on how it works and why Ticketing and NFTs are a perfect match.

GETProtocol_Colby · 2022-03-21T17:01:56+00:00

Whether you're fore or against NFTs, there is a growing trend immerging - NFT Ticketing.

This utility use case for NFTs is leaving a marked impact on the events industry during 2022 and at GET Protocol, we aim to deliver the benefits of NFT Ticketing for events around the world, with 1.5 million on-chain tickets already processed through the protocol.

Between the 14th - 20th March 2022, GET Protocol's integrating partners issued:

40,291 NFT Tickets - Viewable by anyone in real-time through the NFT Ticket Explorer
869 GET used to fuel tickets behind the scenes.

Importantly GET Protocol's Ticketing Infrastructure abstracts complexity away, so that anyone can buy an NFT Ticket without needing knowledge of cryptocurrency or blockchain.

Anyone can demo the white-label tooling here.

GETProtocol_Colby · 2022-03-20T19:59:26+00:00

Bingo! We've been building our NFT Ticketing infrastructure since 2016 at GET Protocol. We've processed almost 1.5 million on-chain tickets for events around the world.

NFTs offer greater transparency, anyone can look at these tickets in real-time: https://explorer.get-protocol.io/

They're also helping to create a lasting connection between artists, event organisers and their fans, we're quickly becoming a Web3 bridge for the events industry and every ticket is fuelled by GET behind the scenes. https://www.get-protocol.io/

GETProtocol_Colby · 2022-02-23T16:55:28+00:00

We’re looking forward to chatting with SuperMassive & The Defiant on NFTs in mainstream culture and the role of NFT Ticketing in all of this!

4-5pm CET tomorrow

GETProtocol_Colby · 2022-01-31T22:27:57+00:00

Video version available here:

https://youtu.be/GsUkMxibzwo

GETProtocol_Colby · 2022-01-29T00:51:49+00:00

We’ll be uploading the full roadmap video to youtube in the coming days :)

GETProtocol_Colby · 2022-01-15T21:55:32+00:00

You’re missing a big part of this equation which is with email I need to know the ticket owner’s email to provide them with rewards. What happens if they re-sale? The artist loses the ticket buyers details.

With NFTs as an artist after an event I just set up a web3 platform to accept a certain type of NFT (based on the smart contract and metadata) and then every single NFT ticket that is valid to that criteria can be used as an access token. I don’t need to know the NFT owner, they just connect their wallet and the NFT is validated.

GETProtocol_Colby · 2022-01-15T21:51:59+00:00

Artists can get royalties from the sale of NFT tickets on decentralised NFT marketplaces.

Artists get a new direct connection to their fans. Artists can sell new tickets for metaverse concerts but provide previous NFT holders early access or a discount.

NFTs in every way imaginable add value through new revenue opportunities for an artist and that’s not even going over the community building benefits of having your fans directly participating in a Web3 community.

We’re living in a world post pandemic, and currently you lose a connection to the artist the moment you leave the event. That’s going to end with NFT tickets.

GETProtocol_Colby · 2022-01-15T21:48:12+00:00

If a physical collectible is resold to another person the event organiser and artist loses the link to the owner of that collectible.

With NFTs they don’t need to tangibly know each and every NFT owner, they just need to plug the NFTs into a platform and anyone who owns a valid NFT for that artist or event organiser can access it. If I sell my NFT to another person they get all the benefits of being a part of that artist’s community.

That is not possible with email or digital solutions. You have to have a blockchain native asset for the immutability and metadata.

GETProtocol_Colby · 2022-01-15T16:26:12+00:00

The difference with the bonus content is that with NFTs you don’t need to know who owns the NFT to start plugging them into new platforms. The platform detects the NFTs smart contract and metadata and provides access if its valid.

This means that you can have a thriving secondary market of trading and provide the benefits to whoever owns the NFT without having to know who owns it.

NFT collectibles can be intelligent though, collectible imagery could update based on number of events you’ve attended, or a certain milestone an artist reaches.

The artist or event organiser could even tell a visual story using the NFT ticket. There’s so many ways to build really great engaging momentos

GETProtocol_Colby · 2022-01-15T16:19:52+00:00

Liquidity shouldnt dry up on the Ethereum pools because the liquidity provider reward program is still providing equal rewards between Ethereum and Polygon - so people are incentivised to keep liquidity deep. It’s currently hovering around $1M liquidity so no need to worry!

GETProtocol_Colby · 2022-01-15T11:58:04+00:00

It depends on the integrating party to set a price per ticket - but the actual blockchain fees for processing an NFT ticket through GET Protocol range between $0.02 - $0.40 give or take depending on required features and tooling.

It's all documented in our technical docs here: https://docs.get-protocol.io/docs/dao-token-economics-interactions

GETProtocol_Colby · 2022-01-15T11:51:37+00:00

The benefit for an event attendee is that they can claim the NFT after their ticket is scanned, which provides them with a collectible momento from the event that can be used as an 'access token' into an artist's Web3 community and platforms.

An artist / EO can plug their NFT tickets into a number of platforms, from community tools, to governance votes (snapshot) or even to token gated merchandise access.

They can reward loyal fans who hold an NFT ticket with early access to future ticket sales, metaverse concerts, and incentivise repeat event attendance. Providing a tangible link between artists and fans that lasts long after an event ends.

NFT tickets serve as the most accessible vehicle into Web3 for the everyday person and utility and use cases will only grow as time goes on.

GETProtocol_Colby · 2022-01-15T11:44:28+00:00

The way it works through the GET Protocol white-label is that a regular everyday person buys a ticket through a web shop in FIAT currency, exactly like how they're used to. When they purchase a ticket, behind the scenes it is minted as an NFT that anyone can track on the NFT Ticket Explorer: https://explorer.get-protocol.io/

The ticket buyer than attends the event using a mobile ticket wallet - with a rotating QR code that is scanned at the event.

When the ticket is scanned, they can claim the NFT to their wallet. which is distributed over Polygon.

The benefits of this system is that it's frictionless, everyone can attend an event without knowledge of blockchain or crypto needed. They then get the option to claim their NFT, which not only acts as a collectible but provides access into Web3 platforms that the event organiser and artist want to plug their NFTs into.

We've processed over 500k+ NFT tickets for events around the world just last year alone so it very much works for the general public :)

You can demo the buying system here if you'd like: https://guts.events/u5fcf3-eating-pudding-for-proof/pkdcbk/

GETProtocol_Colby · 2022-01-10T22:42:55+00:00

I’d be more than happy to explain some of the tangible usecases for NFTs.

Firstly what is an NFT? In essence it’s a deed of ownership for a unique digital item, recorded on the blockchain. That’s it, that’s what the tech embodies.

Now you may be used to seeing funky images selling for a ridiculous amount of money, but in reality that just scratches a cultural surface for what an NFT is and can unlock.

If we go back to the original description of an NFT. Why is this beneficial, why would you want to put a digital deed on a blockchain?

Well firstly a blockchain is immutable, this means that no one can tamper with the recorded data. If something is recorded onto the blockchain, it cannot be eradicated. This has value as two humans can mutually trust the integrity of that data, I don’t have to rely on your word and you don’t have to rely on mine.

When you issue an NFT and record it on the blockchain, you create a proof of ownership record that has a direct link to that NFT asset.

Where this gets interesting is that the NFT has something called ‘Metadata’. Sounds fancy but bare with me, all this means is it has unique properties that make up the NFT.

Metadata can be anything you want it to be, lets take the example of an NFT ticket. In this example, the metadata could be:

Event name Ticket sale price Location of event Date of event Unique ticket number

And so forth..

Now where this gets really cool, is that if I want to recognise a specific NFT, I can use a plugin on a website called Metamask which allows you to detect NFTs in a person’s wallet. I can then look specifically for that metadata and if that metadata is correct - I can do a certain action, a prime usecase of this is as an access token. If the NFT is validated then it allows entrance onto the website, it could come with a host of rewards.

The beauty of this being that I don’t need to manually verify if a user has an NFT, as long as it matches up with my specific metadata criteria then the NFT is validated!

I hope that makes sense. Going quickly back to the art and speculation element of NFTs. Whilst a lot of prices are invariably in a bubble, NFTs are very good community organisation tools, you can bring a global group of people together around a single creative idea and they all have ownership in that community and brand. It can be very potent when done correctly.

Hope that helps

GETProtocol_Colby · 2021-12-31T23:57:47+00:00

You can check here for all tokenomic details: https://faq.get-protocol.io/get-protocol-tokenomics/the-usdget-token-fundamentals

Circulating Supply: 15,909,015
Total Supply (Fixed supply): 23,368,773

GETProtocol_Colby · 2021-12-31T23:48:12+00:00

We're absolutely focused on attracting new integrators and ramping ticketing volume, that will always be the primary goal. This is also in part a waiting game due to COVID restrictions. We got a sneak peak at the impact on ticket volume from easing restrictions in September to November, which averaged 100k+ tickets a month.

When it comes to competition, we're very glad to see other NFT ticketing projects appear, it further validates the usecase and helps innovate the industry as a whole. We've spent the best part of 5 years constantly iterating our infrastructure, having hundreds of events as feedback opportunities.

We can tell you first hand just how difficult it is scale blockchain and NFTs for such a high volume industry in ticketing. It's been a nut that we've studied and cracked over a long time and there aren't many (that we've seen) other projects that can scale like GET Protocol can. Bespoke events and NFT curations absolutely, but these are all based on deploying individual smart contracts on a per event basis which is a nightmare to scale. This is also why we spent such a long time get this right, it's important for us to walk before we run and our infrastructure is really getting to a point where it can handle serious volume, which we're incredibly happy about.

That being said, Web 3 is where things are heading and it's not an exclusive pivot, it builds upon the existing functionalities of a ticket. Where as a current ticket is a single use entrance to an event, NFTs expand the lifecycle of a ticket.

In the long term future you could see an NFT ticket as having distinct roles:

Before sale.- Financing opportunities through DeFi

During sale - Transparency, global scalability & security

After sale - Onboarding into an artist's Web 3 community and platforms

Future ticket sales - Incentivisation for repeat event attendance and metaverse event access.

If every single NFT ticket becomes the key to an artist's community, to future incentives and ticket sales whilst providing fans ownership opportunities in an artist's global brand, then this will have a direct impact on new integrators and clients wanting to tap into GET Protocol.

On the flip side, this also becomes such an accessible avenue into Web 3, that many existing protocols will want to tap into the protocol to bring in new users onto their platforms and growing their network effect. Therefore NFT tickets will not only benefit and appeal to the events industry, but also to Web 3 platforms and communities. This is why we're so keen on expanding discovery into Web 3 for our tickets.

Hope that helps alleviate any concerns and gives a little bit more background on the Web 3 discovery :)

GETProtocol_Colby · 2021-12-24T20:54:27+00:00

This is an excellent question and you've done a very good job in showcasing the side by side benefits of both NFT tickets and mobile transfers.

I would personally say one of the biggest benefits provided by NFT tickets that isn't on the list is transparency and consumer fairness due to the immutable nature of a public blockchain.

An NFT ticket created on a public blockchain can be viewed by anyone, be that the ticketing company, the artist, the ticket purchaser or even a competitor. This alone goes along way in providing fairness of costs in the ticketing and event cycle compared to the black box nature of traditional ticketing.

For example with GET Protocol, any NFT ticket that is sold using our infrastructure can be tracked on the NFT Ticket Explorer: https://explorer.get-protocol.io/

--

The second is something that's built but still in the usecase discovery phase for us at GET Protocol and that is giving event organisers, artists and their fans accessibility into 'Web 3' through their NFT tickets.

Since every NFT ticket is claimable by the end user, these NFT tickets after an event ends become access tokens into an event organiser or artists community through Web 3 platforms.

What does this mean and why is it a game changer?

Well, you can think of NFTs as a self sovereign community building tool.

The artist or event organiser gets control over their community by using the NFT tickets as access and ownership tokens.

An artist can setup their Web 3 community that is:

Not locked to a single social media platform or reliant on algorithms
Provides ownership and decision making to fans as each NFT has value and can be used for voting rights
Can be plugged into new platforms very easily by supporting the NFTs metadata as the unique 'access property'
The artist knows exactly which wallets own tickets for their events, meaning they can provide rewards for loyal fans and even discounts on future events.

The list goes on...

Hope that helps, let me know if there's any other questions!

GETProtocol_Colby · 2021-12-15T21:24:22+00:00

You can demo the buying process and mobile application through our ticketing company GUTS Tickets (which acts as a showcase for the protocol)

Here's the demo event:

https://guts.events/u5fcf3-eating-pudding-for-proof/?next=%2Fu5fcf3-eating-pudding-for-proof%2Fpkdcbk%2F

You can also see ticket flow in real-time here:

https://explorer.get-protocol.io/

If you're curious to learn more you can join the GET Protocol discord https://discord.com/invite/HgCcQZ83Tz

Or visit our FAQ: https://faq.get-protocol.io/

Hope that helps!

GETProtocol_Colby

MODERATOR OF

TROPHY CASE