In 2002 the Oakland A’s shook the baseball world to its core. They did so by completely rethinking assumed baseball truths and executed on it. As an underdog they successfully challenged the dominant big-money competition, thereby changing the game forever.
The evident problems in the event industry have been stagnant for decades — irregardless of all drastic technological progress, ticket scalping has somehow gotten worse. Traditional ticketing thinking is medieval. We believe we are on the cusp of a “Moneyball”-like revolution for the entertainment and event space. Welcome to Ticketball.
By Kasper Keunen, blockchain developer at the GET Protocol Foundation.
The story of Moneyball
The movie Moneyball tells the story of Billy Bean the general manager at the Oakland Athletics around the year 2002. His approach to managing his team flipped traditional baseball-thinking on its head — changing the sport forever. …
It has been 3 months since the last buyback report, which means it is time for a new burn! If you are interested in the mechanics and logic behind the buyback, I encourage you to read the blog linked below.
Don’t trust, verify!
If you want to verify the state change count for yourself, I encourage you to run the numbers for yourself with the simple script available on the GET Protocol Github. The following command will import all IPFS batches between 28th of September(12:01) and 28th of December(12:00):
python import_IPFS.py — startheight 10950849 — stopheight 11539000Summary Q4 statechanges
The GET Protocol processed a total of 221 211 state changes in Q4 of 2020. …
It has been 3 months since the last buyback report, which means it is time for a new burn! If you are interested in the mechanics and logic behind the buyback, I encourage you to read the blog linked below.
Don’t trust, verify!
If you want to verify the state change count for yourself, I encourage you to run the numbers for yourself with the simple script available on the GET Protocol Github. The following command will import all IPFS batches between 25th of July(12:00) and 28th of September(12:00):
python import_IPFS.py — startheight 10338066 — stopheight 10950848 Summary Q3 statechanges
221 211
The GET Protocol processed a total of 204 019 state changes in Q3 of 2020. …
It is a well known fact that the primary and secondary ticket market are highly inefficient. At times it seems that ever actor involved in the market is getting the short end of the stick.
- Fans are getting scalped and scammed from all sides.
- Artists are missing out on resale market profits while still getting flack for allowing their tickets to be scalped in the first place.
- Resale market corrupts the validity of the customer data set of the ticket issuer(as secondary sales go undetected).
- Supply and demand on the secondary market is fractured and badly coordinated.
The only actors that seem to come out ahead are the middlemen. Resale platforms like Viagogo, TicketSwap and Seatwave net the largest gains while adding next to nothing to the event experience. …
NFTs are all the rage at the moment. As is tradition in crypto the term ‘NFT’ is being massively overloaded. It is becoming harder and harder to distinguish a legitimate usage of NFTs with ‘going along with the latest fad’ NFT use-case.
The aim of this blog is to make clear that the usage of NFT technology by the GET Protocol to revolutionize smart ticket isn’t just window dressing.
By blockchain developer at the GET Protocol Foundation Kasper Keunen
Introducing getNFTs — Summary/TLDR
For almost half a year now the blockchain development team has been working a building a large scale custodial/non-custodial crypto-wallet infrastructure. Now that the wallet-stack is slowly moving into production, the next step in our mission of decentralizing event ticketing is coming into our cross-hairs; enabling true ownership of tickets. …
For the last couple of months we have been working hard on adding a new feature set to our protocol. In this blog I’ll provide a high level overview of what we are building in regards to DeFI and why we believe it to fit the markets needs.
Disclaimer. Most of the features and subjects discussed in this blog are still in development. Hence none of what is stated should be considered set in stone. All concepts, figures and processes are subject to change or could be eventually not pursued at all!
The DeFi craze of 2020
DeFi has been all the rage in crypto for the few months. A lot of crypto-projects have suddenly come out of the woodwork by claiming to also be a DeFi project or offer features to facilitate the use case — in an effort to piggyback on the craze. …
It has been 3 months since the last buyback report, which means it is time for a new one! If you are interested in the mechanics and logic behind the buyback, I encourage you to read the blog linked below.
Important note! The data in this blog has been changed (15 July)
Due to a bug in the state change counter the initial burn report used a faulty state change count(109k instead of 164k). Resulting in a discount rate that was too low(31% instead of 54%). I want to thank Deofex for noticing this error! This mistake was caused by operator error (me not noticing a bug).
We have taken several measures to ensure this type of confusion and mistakes will not happen again. The most constructive of which is this public repo that anybody can run to verify if the reported amount of statechanges is…
It has been 3 months since the last buyback report, which means it is time for a new one! If you are interested in the mechanics and logic behind the buyback, I encourage you to read the blog linked below.
Summary Q1 the first quarter of the decade
The GET Protocol processed a total of 335 517 state changes.
A record number of 81 061 tickets have been issued with 2687 tickets being resold for a total of 202 events.
To fuel these state changes a total of 107 059 GET has been burned.
Proof of burn Q1: ETHERSCAN BURN PROOF
Previous burns (new economics)
Q2 2019 -> 44 468 tickets sold |20 839 GET burned (etherscan)
Q3 2019 -> 20 592 tickets sold | 12 293 GET burned (etherscan)
Q4 2019 ->62 215 tickets sold | 98 348 GET burned (etherscan)
Q1 2020 -> 81 061 tickets sold | 107 059 GET burned…
It has been 3 months since the last buyback report, which means it is time for a new one! If you are interested in the mechanics and logic behind the buyback, I encourage you to read the blog linked below.
Summary Q1 the first quarter of the decade
The GET Protocol processed a total of 335 517 state changes.
A record number of 81 061 tickets have been issued with 2687 tickets being resold for a total of 202 events.
To fuel these state changes a total of 107 059 GET has been burned.
Proof of burn Q1: ETHERSCAN BURN PROOF
Previous burns (new economics)
Q2 2019 -> 44 468 tickets sold |20 839 GET burned (etherscan)
Q3 2019 -> 20 592 tickets sold | 12 293 GET burned (etherscan)
Q4 2019 ->62 215 tickets sold | 98 348 GET burned (etherscan)
Q1 2020 -> 81 061 tickets sold | 107 059 GET burned…
This blog was or originality posted by Maarten — GUTS on his blog.
As Rahm Emanuel explains; Although the situation is horrific you should not waste an opportunity to do things you could not do before. We need to take responsibility and do what we can to solve this crisis as soon as possible, but we need not forget that opportunities arise …
A quarantined perspective from GET Protocol CEO Maarten Bloemers.
From an empty office and amidst the chaotic and dramatic developments going on in the world, I’d like to share some insights and outlooks from where we stand and what is to come.
Everyone is affected
Needless to say, these are extraordinary times. The impact of the virus outbreak on society has already been significant. Without a doubt you will have noticed the ripple effects of the virus in the equity, bonds and crypto markets. The event industry is particularly affected as group gatherings are more or less forbidden — for good reason. …
