SeatlabNFT Set to Launch IDO this April, Pre-Registration Ongoing 

SeatlabNFT has announced that its initial decentralized offering (IDO) will go live by the end of April 2022. Interested participants can now pre-register for the event via the SeatlabNFT website to stand a chance of getting $SEAT tokens for IDO pricing before it gets listed on crypto exchanges.

SeatlabNFT Redefining Events Ticketing

SeatlabNFT, a revolutionary event ticketing platform, is aiming to eliminate ticket fraud, significantly reduce ticket scalping and dramatically increase the immersive audience experience for the live event industry using blockchain technology and non-fungible tokens (NFTs).

Powered by the NEAR Protocol blockchain, SeatlabNFT says it tokenizes event tickets by minting them as NFTs, which makes it impossible for scammers to create fake copies of such tickets.  

While ticketing platforms like Ticketmaster and others charge event organizers massive commissions to list and sell their tickets, SeatlabNFT says its platform is free to use for event creators and artists, with a scaled reward system for $SEAT token holders, and the potential for NFT airdrops, plus other unique incentives for loyal fans.

By giving artists and event organizers the ability to airdrop exclusive NFT assets and tokens to ticket holders that can become tradable and collectable in their own right, they’re helping foster a closer artist-fan connection and create a more immersive experience for event-goers.  

The SeatlabNFT platform leverages smart contracts to enable predefined royalty sharing. When an NFT ticket is minted, artists and event organizers will be able to specify where a percentage of the revenue from secondary sales will go, significantly reducing the impact of ticket scalping, while also putting secondary revenue directly into the pockets of artists and event creators.

The team wrote:

“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 significantly 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.”

To complete the user experience for artists, event organizers, and fans, SeatlabNFT says it will create a marketplace where users can buy and sell both NFT tickets and NEAR-based NFT collectibles. 

Why Participate in the SeatlabNFT IDO?

SeatlabNFT has made it clear that $SEAT token holders will be offered various kinds of rewards that scale in accordance with the number of tokens they hold and participating in the IDO is the only way of purchasing the project’s native SEAT token at the lowest price before it gets listed on exchanges.

$SEAT token holders will also be able to stake their tokens to earn staking rewards in $SEAT or claim super unique NFTs, IRL experiences, or free event tickets. The rewards stakers will receive is dependent on the number of tokens they stake. The more $SEAT token a user stakes, the better the rewards.

Additionally, those who will participate in the upcoming SeatlabNFT IDO and hold $SEAT will enjoy a buyers’ fee discount when the marketplace launches, as they will not be required to pay the default five percent fee the platform charges for NFT purchases.

SeatlabNFT is currently backed by the NEAR Foundation and has also received a significant amount of seed investment from a good number of venture capital firms. After a successful IDO, SeatlabNFT will use the proceeds to further develop its platform and launch its beta version prior to a full-scale launch in Q4, 2022.