NFTDaily.com hosts GET Protocol: a blockchain ticketing project for any type of events. From concerts to museums to livestreams
NFTDaily – Admin: Hello and welcome to BSC Daily, @OlivierBiggs! How is your day?
OlivierBiggs: Great to be here with you.
NFTDaily – Admin: Happy to hear! Ready to start our AMA?
OlivierBiggs: We’re ready to rock and roll
NFTDaily – Admin: Nice
Q1: What is GET Protocol all about? Give us a little summary
OlivierBiggs: So we are a blockchain ticketing project for any type of events. From concerts to museums to livestreams.
We were founded in 2016 and have sold over 700K tickets since then. Our team currently has around 35 people, and we are scaling quite aggressively.
All of our tickets are registered on-chain (ETH), and we have recently announced a move to Polygon, which will help us scale as we expect to be selling A LOT of tickets in the near future.
All of our tickets are NFTs, which means they can be sold, traded and used as collectibles.
There’s a lot more, but I’m sure we’ll get to that!
Q2: Could you tell us a little bit about yourself and your team? What are your past experiences?
OlivierBiggs: Sure thing! As Olivier mentioned we’re currently around 35ish people with an aim of growing to 60 within the next year so you could say business is booming! As for myself, I’m from Wales, Uk and I joined the team this year to help Olivier with the amazing job he is doing of spreading the word about GET Protocol and why our ticketing solution is sorely needed! I have a background in IT and business and have been a fan of the project since first hearing about it in 2017 and visiting the team to see what it was all about – needless to say I fell in love with the concept and the team, everyone is great truly.
There is a number of times in the past where I’ve been to an event and had to pay exorbitant prices as scalpers weaponise the connection between artist and fans and I know that many on our team have experienced the same – in fact, that was one of the main driving points for the project being started!
Q3: What is NFT Ticketing exactly, how do NFTs make sense for ticketing?
OlivierBiggs: Oh great question and certainly relevant to the amazing job you guys at NFT Daily are doing to spread the word of NFT use cases. To give an idea of what NFT Ticketing is exactly, it’s first important to take a step back and recognise the similarities between the properties of an NFT and the characteristics of a ticket. An NFT is essentially a deed – portraying ownership of rights or perhaps a unique item. Certainly, the unique item aspect is what people are most familiar with in the current space if you look towards NFT art and digital collectibles.
However, the potency of NFTs to guarantee rights is quite literally a match made in heaven for ticketing as a ticket is quite literally a guarantee of access to an event in a certain time frame – each ticket is unique, it has specific properties such as ID, seating, pricing, and these properties match the specifics of a unique NFT well – except quite brilliantly it offers benefits – to which I will attach this image that goes into further detail.
To summarise though it provides transparency whilst upgrading the event experience through benefits not seen before in ticketing ( as alluded to in the graphic) 😁
Q4: With these features you’ve just described, what benefits do NFT Tickets bring to events?
OlivierBiggs: There are huge opportunities for NFTs within ticketing. I know this is an obvious answer from someone involved with NFT ticketing, so luckily I’m not the only one who shares this opinion. Recently many big names in the event industry have spoken out about these benefits, which include fan collectibles, royalty splits & revenue sharing.
Mark Cuban has been takin about it, as well as many others.
Essentially using NFTs, the fan experience can be boosted and extended significantly, while the event organizers and artists have never before seen levels of control and income streams. A real win-win.
Q5: Let’s dive into your token $GET. Can you share with us your tokenomics?
OlivierBiggs: Let’s start off with some overall statistics:
GET or Guaranteed Entrance Token
Total Supply: 23,368,773.4
Circulating Supply: 15,909,015
GET is an ERC-20 token on the Ethereum blockchain and it acts as the fuel for each ticket as it is processed through GET Protocol.
When an action or as we call them “state change” occurs to a ticket, a fee is required which is calculated and paid in GET. Some examples of these state changes include a ticket being created, scanned, invalidated etc. You can think of this process as similar to how gas fees work with Ethereum. Importantly event goers do not need to know or have any GET to purchase tickets, this all operates in the background – we call this ‘blockchain as an engine’.
We’re working on building an ecosystem for the token which will include important functionality with the GET Protocol DAO that will act as governance in the future.
Q6: Great, what are some of $GET use cases?
OlivierBiggs: The main use case for GET as the fuel of the protocol; ticketing companies from anywhere in the world that make use of the protocol need GET to issue their tickets.
This makes it so that essentially, hundreds of thousands of people are using GET, as they buy tickets for their favorite concerts and check in at the venue. Every step of the way, GET is used.
This way we have already made hundreds of thousands of people unknowing early adopters of crypto & blockchain tech. 🙂
Q7: Nice! For people who want to buy $GET, where do they can access and buy?
OlivierBiggs: The primary place for purchasing GET is on Uniswap, that’s where most of the liquidity is currently situated, here’s the link:
In terms of other exchanges, the GET token is tradable on Bittrex:
Which should hopefully provide enough options for most people depending on their situation 😊
Q8: The next question will be about your roadmap. What can we expect in the next 3 months and in 2021 as a whole?
OlivierBiggs: The next couple of months are all about leveling up. This means more integrators across the globe, both new and existing companies, as well as a maturing of all aspects of the project.
This relates to growth in the team and clients, but also the automation and transparency of our activity and tokenomics.
The first big example of this is our NFT ticket explorer, which will basically be an etherscan for our tickets, where people can see the lifecycle and validity of their tickets, as well as opening the door to NFT tickets as collectibles, which will follow soon after.
Q9: Where can we find out more about GET Protocol?
OlivierBiggs: There’s plenty of ways to stay up to date with us 😊
We mainly provide updates and other content through our Medium blog, I suppose you could say that our end of month update is a pride and joy to us, especially as there’s typically more and more interesting things happening each month! You can check out our blog here: https://medium.com/get-protocol
To connect with us further we have our Telegram group which has a really strong core community. Everyone’s very helpful and happy to point newcomers in directions of resources and answer any questions they may have!
We’re also active on Twitter and have a Reddit for those who prefer that platform!
NFTDaily – Admin: With this we are now at the end of our AMA session with GET Protocol
Time for wrapping up, any last words you would like to say to our community? @OlivierBiggs
OlivierBiggs: Yeah just wanted to say thanks to everyone here, and wanted to invite you to follow us in our chat.
There is a lovely active community there, and there are a lot of exciting things coming up that you won’t want to miss! 😏
NFTDaily – Admin: Thank you so much for spending time with our community & all the very best for GET Protocol