GET January ’24 — Declaring Web2.5 Completed
The new year has kicked off strong over here and we have plenty of exciting developments to go over, including an important new proposal that needs your vote!
Number go up
No dry January for the protocol, as we saw lots of tickets processed, with significant GET top ups as a result.
GUTS Tickets had 4 GET-topups this month, purchasing a total of 56.861,1 GET from the open market, worth $62.954,18.
These top-ups took place to facilitate some big sales:
ETH Bucharest:
Bankzitters
who had big shows & went on sale with a new show slated for 2025:
Son Mieux:
In total the protocol processed a grand total of 205,411 tickets this month.
Of course stakers have been enjoying this uptick in sales & events, as they’ve been seeing the rewards come in:
Web3 Follow-through
Picking up on the plan to grow our Web3 presence, we have been developing further internal alignment on our biggest opportunities and where we are headed. You may have gotten a hint at that direction from our CEO’s recent cast on this topic:
https://warpcast.com/flowers35/0x817831c9
If you’re not already using Farcaster, the decentralised social media with a LOT of unique on-chain features, then we highly recommend doing so, we’ll be ramping up our presence there this year and showcasing the power of onchain ticketing through a number of wider channels.
Declaring Web2.5 Completed
You may be wondering, why are we wishing to ramp up our Web3 presence so eagerly?
Well, the answer lies in our decision to make the move and declare Web2.5 completed and to go guns blazing in bringing on-chain ticketing and more importantly on-chain events to life.
When we set out with GUTS many moons ago, we were first movers in a number of categories. Rotating QR codes and mobile verified tickets were novel innovations at the time. The same applied for built-in secondary marketplaces and dynamic resale systems which are only now coming full circle with large ticketing companies either completing or building their own.
During this process, its become abundantly clear that winning the Web2 ticketing game would be a sure fire race to the bottom that would make us no better than the ticketing monopolies we aspire to disrupt.
At the same time, the last year’s worth of development has given us the crucial bedrock we needed to push forward with our vision of on-chain ticketing. Our embedded wallets and Wallet UI allows for us to make on-chain features accessible to the average everyday person and by marrying this back end rails infrastructure with new upcoming products (hint event financing), it’s time to come together with a renewed vigour make the next move in bringing down ticketing monopolies once and for all.
Unleashing On-Chain Magic
Anyone that has been reading these blogs over the years is innately in tune with the benefits of NFT Tickets. Whether it’s the inherent transparency, the lasting connections post-event or simply the added layer of accountability during the sales process.
But truthfully, NFT Tickets are just one just one ingredient that makes up the tri-fecta of on-chain ticketing. The two other pieces are Wallets and Crypto transactions.
As Frans our resident architect puts it:
- NFTs are the source of truth
- Wallets are the identifier and authenticator
- Crypto is the value transfer
Until very recently, we were 1/3 of the way through the ingredients list to make on-chain events a reality but now with embedded wallets, we unlock the identifier and authenticator of an attendee on-chain. They can now safely receive and access their NFTs and in the future, even make and receive value directly 👀
The final piece remains in enabling on-chain value transfers, which we hope to crack this year. In the mean time, we’ve got enough of the fire power to start this renewed mission and open up the protocol to let the fly wheel truly begin.
By mixing these three ingredients together, you create event rails that usher in a new paradigm of event facilitation that spans across the entire event lifecycle:
For more context on why on-chain will be the key to disrupting ticketing monopolies, perhaps our Intern said it best:
2024: A Positive Flywheel
To take the ticketing revolution a step further, 2024 is the year in which the flywheel will begin to spin by ensuring every party that taps into protocol is incentivised, whether its external developers tapping into our infrastructure layers to bring new ticketing volume on-chain, partners realising the potential of decentralised event financing, artists and organisers having the capability to make their events a success without being at the mercy of large corporations looking for shareholder value.
This is Year 1 of a new events industry and we can’t wait to share more.
DAO picking up steam
Following up on our new years resolutions we have made some decent progress on the DAO this month:
A New Community Manager
→ A community manager was hired following this vote. Long term community member Nate was chosen to take on the role.
A few words from Nate:
I am thrilled to be taking on this new role with GET Protocol. After being onboarded, I can more fully appreciate the creativity and discipline of this team, and my confidence in what I already believed to be a great project has only grown.
I am looking forward to more innovations, particularly those that stimulate involvement from the community. Along with the many newer narratives we can capitalize on this year (RWA, DEPIN, DEFI), one narrative remains the same: topple the outdated and corrupt monopolies that have plagued event ticketing for decades! Because our community members all share this desire, it goes without saying that we have some great potential to grow the GET ecosystem and educate the wider Web3 community and beyond at the same time.
And finally a few quick facts about me:
- Favorite event to watch live? Seattle Mariners baseball games
- Best live concerts? Tool, The National, and Arcade Fire
- Favorite thing to consume at an event? Hot dog and a beer
- Best part about GET Protocol (besides event financing, of course)? Exploring the community dashboard
Thanks everyone, and here’s to a fruitful 2024.
New DAO Reps
→ An exciting election vote resulted in the appointment of three new DAO reps: Brom, OliverP and Sjors. A message from them:
*As the DAO community reps we wanted to say a big thank you to all who voted us to this position. We are extremely excited to help facilitate the growth we all want, and work with Nate to empower the community to do just that. There is an opportunity presenting itself, and the Ticketing Revolution DAO is placed incredibly well to be a voice for fairer ticketing in web2, web3 and IRL.
Just under two weeks ago we had a meeting with Colby to discuss the upcoming direction of things from the foundations end and began thinking about DAO alignment alongside this. This was an exciting peek behind the curtain… and it did not disappoint.
With all this in mind, we once again want to say thank you for your support. Keep bringing suggestions, keep on tweeting (X’ing?????), and keep on shouting about fairer ticketing and the disruption of an industry that is on the verge of revolution!!
We are here as reps to help bring this to the fore, and further enable you to shout about the role of GET as the DAO in this coming period. So find us around as we work to build this alongside, and as part of this brilliant and forward thinking community that is the The Ticketing Revolution DAO.*
A Renewed Telegram
→ Do it for the ‘gram; following another vote this month we have reinstated the GET Telegram channel! Drop in and go crazy.
A New Open Position
We’re hiring for a new protocol team lead to take the charge in onboarding the next many millions of event attendees into Web3 and ensuring GET Protocol becomes the global access protocol for event attendance!
If you’re passionate about blockchain technology and want an exciting real world challenge to help GET protocol scale into an even more open and thriving ecosystem, then we are looking for you!
Apply via the posting below or if you know someone that fits the criteria then make sure to share this with them!
We need your vote!
Since we’re all warmed up on the voting front… Behind the scenes we have been exploring the potential for improving the GET (business & token) brand.
It’s no secret that there are some downsides to the existing branding — it’s often perceived as quite technical and not representative of the kick-ass usecase, adoption and tokenomics the project has. Not to mention we are crypto dinosaurs that can use a new lick of paint and fresh positioning to grab the attention of the modern day crypto space.
We have been floating the topic with various stakeholders and partners of ours, who seem to unanimously agree that there is significant upside in a repositioning of sorts. Of course this is not a novel idea; the topic has been discussed in the community in various degrees. (With some beautiful NSFW ticker suggestions as a result!)
Since an update in branding for the project and token is no small undertaking, we want to be sure that the DAO & community is behind the initiative. That’s why today we are putting up a temperature check for you to vote on.
The premise is quite simple:
Are you in favor of a rebrand for the GET Protocol brand & token?
The vote will run for ten days and is live right now:
January 2024 Memory
With January almost in the history books, we’ll be releasing the next memory for your collection which will look back on our Sonic Future event at Eurosonic Noorderslag! You’ll be able to pick it up tomorrow until the end of February so make sure you’ve got some GET staked already!
That’s it for this month — we’ll just leave you with something to think about, straight from ‘mister CEO’ himself.
As always you can stay up to date via the GET Protocol twitter & we’ll see you back here for next month’s blog — adios!
