Non-fungible token (NFT) ticketing company Get Protocol has secured $4.5 million in new funding, amid dwindling fundraising climate subsequent to the fall of the FTX exchange. The funds contributed by Flow Ventures and other notable Web3 companies aim to create an alternative to dominant entities such as Ticketmaster.
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Mass Web3 Adoption: Stealthy Integration in Entertainment, Gaming, and Traditional Finance
Mass adoption of Web3 is approaching through entertainment, loyalty, and gaming sectors, with NFTs revolutionizing ticketing, fan engagement, and in-game assets. Traditional industries like finance are venturing deeper into the market as adoption subtly transforms the digital landscape.
Avenged Sevenfold Leads Web3 Charge: NFTs, Ticketing, and Challenges in Music Industry
Heavy metal band Avenged Sevenfold leads the exploration of Web3 in the music industry, launching its NFT-based club, Deathbats Club, and partnering with Ticketmaster for token-gated ticket sales. With efforts to provide exclusive opportunities and strengthen fan connections, the band faces challenges convincing other artists to adopt this technology.