Featured Image: Wendy Wei
Get Protocol has rebranded to become Open Ticketing Ecosystem, a network of builders, projects and backers looking to ‘disrupt’ the ticketing industry.
Open has been supported by the likes of Animoca, Merit Circle, Redbeard Ventures and the Tezos Foundation. Management believes that the ticketing industry is the next big target for the Web3 and RWA (Real-Word Assets) approach.
Tooling will run on Polygon, Base, Solana and Tezos blockchain networks.
Since its founding in 2016 as Get Protocol, the company has issued five million tickets to event-goers. Events have ranged from stadium shows to comedy clubs and museums, as well as the 2023 Dutch Formula 1 Grand Prix, where 100,000 attendees received a digital collectible to celebrate Zandvoort’s 75th anniversary.
Open will provide partners with a global onchain ticketing infrastructure, while the rebrand has been followed by a newly launched event financing system. This will aid organisers and artists in funding their events.
Additional integrations are bound for the platform, boosting annual ticket volume on Open to 20 million.
Alongside the recent business developments, Open is set to launch the OPN token on March 28. Holders of the OPN token will be able to stake their tokens and receive a portion of real world ticketing yield.
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