Cryptocurrency SeatlabNFT (SEAT)

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What is SeatlabNFT (SEAT)

Overview of SeatlabNFT: Brief overview of our solution

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.

Web3 has the potential to drastically improve the overall experience of attending live events for fans by giving them a more meaningful way to interact with their favourite artists. It has also enabled us to provide event organisers and brands with a new medium to connect with event attendees in a more genuine way.

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.

Blockchain technology is enabling us to offer artists and event organisers unparalleled control over the secondary ticketing market, while ensuring fans enjoy a more immersive experience.

Problems with the current ticketing model

The legacy ticket industry has ruined the experience.
Driven by profit, plagued by touts, dehumanised by bots.
We have a paradox at play - the ticketing industry is rewarded for the poor experience of artists, event organisers and the fans.
Touting, scalping and price gouging

Almost every fan knows the situation, patiently waiting for tickets to go on sale and hitting refresh when tickets go live only to discover they are sold out. Touts buying tickets en masse hoping to turn a profit by leveraging the event's or performer's popularity leave none for the real fans.

Fraud and counterfeiting

Fraud is an issue across many industries and has been around for hundreds of years. For the event ticketing industry, however, fraudulent and counterfeit tickets represent a threat to the bottom line of ticketing companies and a safety concern for artists and fans.

Out of control secondary ticketing market

There are times when tickets are resold for genuine reasons instead of purely to profit. It's important to remember that while there may be legitimate reasons for resale, there is little to no control offered to artists and event creators over the secondary marketplace.

Currently, the people whose hard work makes an event possible don't see any resale revenue; instead it all goes into the pockets of touts and scalpers.

Once a ticket has initially been sold, the artists, performers and event creators will see none of the subsequent revenue generated by secondary sales and can do little to stop their fans being taken advantage of.

Lack of connection to fans

Current solutions offer little in the way of the ability to reward frequent attendees or die-hard fans, not to mention the lack of incentives and perks to upsell tickets. We believe ticketing should allow artists and performers to deepen their connection to the fans, utilising their event ticketing software.

Artists need to emotionally connect with their audience to be able to create real value from fan-artist relationships.

Our goals
The SeatlabNFT marketplace is built to achieve four fundamental goals: Create a much closer connection between event attendees and organisers By incentivising fans with rewards in the form of exclusive NFTs and other airdropped perks.

Eliminate Fraud

An NFT provides the proof of ownership of an event ticket, the validity of which can be easily verified on the public ledger and would permit entry to an event. Anyone who holds an NFT ticket in their mobile wallet would undeniably be its rightful owner thanks to the nature of NFT and blockchain technology.

Reduce the Impact of Touting and Scalping

As it stands in the traditional world of Web2 ticketing, artists have little control over what happens to their tickets after they are sold. It's common to see tickets to sold-out events selling for huge markups on the secondary ticketing market. Sites like Stubhub and Viagogo are favoured by scalpers as there is effectively no limit on how much they can sell a ticket for.
When minting NFT tickets on our platform, artists and promoters can set conditions to govern what can and can't be done with tickets after their initial sale.

Allow artists to Tap Into New Revenue Streams

Sometimes 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.

Token Utility
The $SEAT token is the utility token of the SeatlanNFT platform. Staking

Anybody can stake their $SEAT to receive staking rewards. SeatlabNFT pays out 50% of all platform fees collected as staking rewards. The other 50% of collected platform fees will go to the SeatlabNFT treasury (more on this below).

We use a tiered staking structure to categorise people by the number of tokens they are staking. The more people stake, the higher up in this tier structure they find themselves. The top tiers get access to more valuable rewards such as VIPtickets, backstage passes, meet-and-greets, free tickets and much more, which people can claim in place of staking rewards paid out in $SEAT. A user can choose to either claim the revenue split or to claim from the rewards matrix

Buyers Fee Discount

The default buyer’s fee is 5%. Buyers who hold $SEAT will pay reduced buyer’s fees when purchasing NFT tickets. The exact discount depends on the number of $SEAT tokens a buyer holds. When a buyer’s fee discount is applied, it is taken out of the Treasury’s portion of the platform fees so that staking rewards are fully protected.

Rewards Centre

Those who hold $SEAT will accumulate a point for every 30 days they do so, which can be spent in our Rewards Centre. Inside, the rewards are split into three tiers, each with exclusive perks and benefits. The number of $SEAT a user holds determines the tier of Rewards Centre points that they earn.

Sapphire is the base tier, accessible to users who hold even a small quantity of $SEAT. Gold is the middle tier, with more exclusive rewards to choose from, and Holographic is the top tier in our Rewards Centre, accessible to those users who hold a substantial quantity of $SEAT tokens.

Users of SeatlabNFT who hold tokens do not have to do anything to accrue points; they will collect them automatically every 30 days by holding $SEAT in a connected wallet. If a user sells tokens, their progress will simply pause until the wallet is topped up to the minimum threshold for that tier.

Points that are earnt in every tier are available for 12 months, giving users plenty of time to select a perk or reward that benefits them the most. This means that the maximum number of rewards points that can be accumulated at any one time is 12.

What Is SeatlabNFT (SEAT)?

An NFT event ticketing marketplace helping artists foster closer connections with fans, eliminating fraud and reducing the impact of scalping.

SeatlabNFT features include:

Listing events and minting tickets

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.

Royalty Splits

A key defining feature of the SeatlabNFT platform is the ability to set royalty splits. By setting a royalty split, sellers can identify one or more beneficiaries to receive a percentage of any future resale revenue if tickets are sold on the secondary market. Multiple royalty beneficiaries can be set up and even assigned to different ticket types if needed.

Airdrops

Sellers can airdrop exclusive perks to ticket holders. Within the dashboard, sellers can view all of their events and the current and past ticket holders for those events. You can create exclusive NFTs from any digital media (images, video, audio records, etc.) and airdrop them to holders of different ticket types. As with the NFT tickets themselves, royalties can be attached to these NFT airdrops so if they are resold on the secondary market the royalty beneficiaries receive a percentage of all future resales. Airdrops can be sent to current ticket holders, past & present ticket holders, or schedule the airdrop for a later date.

Collectables

In addition to free airdrop incentives, artists and event organisers can create standalone collectibles to sell alongside their NFT tickets. These can be things like audio files, videos, images or graphic assets.

In-Depth Reporting

The main dashboard gives sellers an in-depth overview of ticket sales and revenue. The data is broken down to show what percentage of tickets have been sold by event and ticket type, including both primary and secondary sales. Sellers can also see the full transaction history of each ticket including how many times it has been resold, and for how much each time.

NFT Marketplace

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.

Platform Fees

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 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

How Many SEAT Coins Are There in Circulation?

Max Supply: 845,000,000 Total token supply: 15,640,000 Market Cap on Launch: $728,812.50 (14,576,250 x $0.05) Fully Diluted Valuation: $34,000,000 @ Private round

Who Are the Founders of SeatlabNFT?

Ryan kenny - Founder/Managing Director

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 Waterfield - Founder/Creative & Community Director

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.

Where Can I Buy SEAT?

SEAT’s IDO is only available on https://skyward.finance

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