SeatlabNFT price

SEAT

SeatlabNFT uses NFT technology to increase connectivity between artists, fans, event organisers, and brands. We are creating a more immersive experience for event-goers, and allowing artists to provide real value in their relationships with fans by identifying and rewarding loyalty and event attendance.

The live events industry is driven by profit, plagued by touts and dehumanised by bots; we’re developing a new system that puts experience and connection back at the heart of attending live events.

Built on the NEAR Protocol blockchain, our platform also aims to revolutionise the event ticketing industry by eliminating fraud and significantly reducing the impact of scalping. We’re tokenising tickets and governing their use with smart contracts. Smart contracts enable predefined royalty splits.

When a ticket is minted, artists and event creators can choose where a percentage of the revenue from any secondary sales is directed, reducing the impact of ticket scalping and putting secondary revenue back in the pockets of artists and event organisers.

A healthy secondary ticketing market for most events is needed; plans change, and event-goers need the ability to resell their tickets. Equally, fans need the chance to get hold of previously sold out tickets. The tools we're providing allow artists a level of control over the secondary market that hasn't previously been possible.

As is common practice with NFT artwork, the SeatlabNFT platform lets artists attach royalty split conditions to NFT tickets when they are first minted. This would mean a percentage of the value of each resale would automatically be sent back to a specified wallet (or multiple wallets when several parties are claiming royalties).

This opens up a brand new, previously untapped stream of revenue. Creating NFT collectibles and digital merchandise is also an excellent opportunity to generate additional revenue. When airdropped to ticket holders as incentives and rewards, ticket holders can resell them on the open market. If the issuer sets royalty splits when creating these assets, the royalty beneficiaries will earn a percentage of the resale revenue.

Sellers can also create NFT collectibles and digital merchandise to sell alongside their tickets as standalone products as another way of increasing revenue.

Staking on SeatlabNFT is entirely optional but available to anybody holding our token. As with the other benefits that come with holding $SEAT, staking payouts scale to reward a larger investment.

By playing an active role in the SeatlabNFT ecosystem by staking $SEAT, users will receive a portion of the revenue generated from the 6.5% booking fee charged on all purchases. 2.5% of all platform revenue is always paid out to stakers.

Of course, the revenue the user receives depends on the number of $SEAT tokens they stake.

On top of the benefits listed above, holders of $SEAT will also have access to an exclusive Rewards Centre.

Simply by holding our token in a wallet connected to SeatlabNFT, users will accrue points, redeemable via the Rewards Centre. The Rewards Centre is easily accessible through the user dashboard and gives $SEAT holders access to a variety of exclusive perks.

There are three different types of points that you can earn: Sapphire, Gold and Holographic. The type of points you’ll earn are based on the number of $SEAT tokens you hold in your wallet; Holographic is the top tier, Gold is the middle tier and Sapphire is the base tier. Every 30 days you hold a certain number of $SEAT tokens, you will earn one of these points that can be used to redeem a reward from the corresponding rewards pool in the Rewards Centre.

Once you’ve been approved for a seller’s account, listing events and minting tickets can be done in just a few steps. The first step is to provide the basic details of your event like its name, date, time, and then set a longer description, thumbnail and cover photo. If you toggle on the virtual event switch, the venue location field is replaced by a URL field.

You’ll then be asked to set up the different ticket types you’d like to sell, the quantity and set up any royalty splits. You can also toggle on or off the ability to allow resales.

The NFT tickets are fully customisable and brandable, just like NFT artwork. Artists and event organisers can design them however they like. The seller dashboard gives you the opportunity to customise the aesthetics of your NFT tickets, from the background image to the overlay colour.

Each ticket type can have a different design so they stand out.

Minting NFT tickets on the SeatlabNFT marketplace can be done in a matter of minutes and is free to do. We don’t charge a platform fee to issue tickets, and the nominal gas fees are covered by the Treasury.

Our all encompassing marketplace allows people to mint and sell NFT tickets, collectibles and perform airdrops all in one place. We’re also fostering a healthy secondary market where buyers and sellers can transact all types of NEAR-based NFTs.

Secondary sellers can set their own ask prices and buyers can choose to pay the ask price or submit a bid. Both sellers and buyers can see the full transaction history of an asset so they can quickly determine historical price appreciation.

Listing events, minting NFT tickets and selling them on the SeatlabNFT platform is always 100% free for artists and event organisers. Thanks to NEAR’s blockchain architecture, gas fees for high-volume NFT minting are extremely low. Furthermore, our treasury covers the full cost of any minimal gas fees incurred, and we don’t charge sellers a platform fee.

Buyers - By default, buyers pay a 6.5% fee on any purchase. This is reduced for buyers who hold $SEAT tokens.

Sellers - There are no fees for selling NFT tickets on our platform.

Minting - We do not charge a fee to mint NFT tickets, and the nominal gas fees are paid by the SeatlabNFT Treasury. Creating tickets is always free

Ryan has been involved in the blockchain space since 2012 and has gained an invaluable understanding of what this revolutionary new technology can achieve. Previously, Ryan ran a web development and marketing agency for five years, working with some of the biggest household names listed below.

Alongside this, Ryan has been responsible for a plethora of digital marketing campaigns for the live events industry, working brands such as McFly, Sean Paul, Craig David, UB40, The Libertines, Coombe Weekender Festival and many more.

Together with his long-standing business partner Jack, the two entrepreneurs founded and operated a bespoke software development company building B2B commercial software and applications for businesses in a wide range of industries, leading to the creation of Seatedly.

Jack is a creative director with over a decade of experience working in the design and development field. Having founded a successful web development and marketing agency with his business partner Ryan Kenny, Jack has been able to work alongside a wealth of well-known brands such as Pepsi, UK Government,Holland & Barrett, Wembley Arena, FREEMAN EMEA and more.

He is actively involved in the community management of several blockchain projects and has successfully grown an engaged following across various online platforms. As a recording artist himself, he understands the problems facing the ticketing industry today and is uniquely positioned to create viable solutions to ensure attending events and purchasing tickets is fair for all involved.