Lewis Capaldi will be playing during a DeFi-funded event on August 23 in Reykjavik. The show is powered by XTIXS in partnership with GET Protocol. It is also the singer’s first DeFi-funded event.
What do we know about Lewis Capaldi’s IRL show?
Lewis Capaldi’s show is powered by a bespoke application of blockchain technologies. This includes the utility token $GET from DeFi, NFT and the GET protocol.
Due to the event, the future card stock serves as security for a loan. Furthermore, all tickets are NFTs, making cheating and scalping completely impossible. It is a groundbreaking advancement that creates new revenue streams. At the same time, it gives both music lovers and promoters security.
The funding process for the event took 24 hours and was attended by real, professional investors from different parts of the world. It sets the first precedent for a very powerful tool in an industry where independence and decentralization are the main pillars of growth.
Maarten Bloemers, CEO of GET Protocol, says: “Creators are no longer dependent on a board decision. Now they can literally put money where their mouth is. This is truly a milestone that I am beyond proud of. We look forward to fleshing out the event funding approach and expanding it to all ticketing partners in the GET protocol ecosystem.’”
Additionally, Antonio Valero CRO of XTIXS notes, “The model under this partnership could be a game changer for many content creators and fans. We are very excited to partner with GET Protocol for an alternative, independent and fair funding model for live entertainment.”
A breakthrough for the e-ticketing industry
QR codes on XTIXS tickets are constantly changing dynamically. In addition, each ticket is linked to a personal telephone number. This makes it impossible for scammers to create any secondary scalping sale.
Ultimately, Lewis Capaldi’s event is another historic moment for how blockchain technology is changing the game for the e-ticketing industry. From concerts, festivals, destinations and flights, it will surely change the system for the better, one NFT ticket at a time.