Lewis Capaldi will play a DeFi-funded tournament on August 23 in Reykjavik. The display is sponsored through XTIXS in conjunction with GET Protocol. It could be the primary DeFi funded tournament through the singer.
What do we know about Lewis Capaldi’s IRL show?
Lewis Capaldi’s display is sponsored through blockchain applied sciences custom software. This contains the software token $GET from DeFi, NFT and GET Protocol.
Due to the development, shares serve as collateral for a mortgage in the long term. In addition, all tickets are NFTs that make fraud and scalping completely out of reach. It is a groundbreaking development that creates new revenue streams. At the same time, it offers peace of mind to any tune enthusiast and tournament promoters.
The investment process for the development took 24 hours and actual skilled buyers from other parts of the arena took part. It sets the primary precedent for the most important piece of equipment in a company that has independence and decentralization as the main pillars of its expansion.
Maarten Bloemers CEO of GET Protocol says: “Creators are no longer dependent on a board decision. Now they can literally put money in their place. This is truly a milestone that I am more than proud of. We look forward to capturing and rolling out the Event Financing approach to all Ticketing Partners in the GET Protocol ecosystem.”
In addition, 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 pleased to partner with GET Protocol for an alternative independent and fair financing model for live entertainment”
A breakthrough for the e-ticketing industry
QR codes on XTIXS tickets are always replaced dynamically. In addition, each price tag has a private phone number associated with it. This makes it out of reach for fraudsters to create any form of secondary scalping sales.
After all, Lewis Capaldi’s tournament is every other age-old second about how blockchain technology is adapting the sport to the e-ticketing business. From concert events, galas, vacation spots and flights, it will no doubt alternate the machine for the easier, one NFT price tag at a time.