SeatlabNFT, an NFT-powered ticketing marketplace, has launched a £1 million creator fund for live events. The non-repayable grants are open to event organisers and artists worldwide and aim to help with the financial cost of putting on live music.
SeatlabNFT are looking to work with a wide range of events, "so we encourage everybody who will benefit to apply", they said.
Find out more and how to apply for the SeatlabNFT creator fund here.
Proponents of NFTs say they could potentially reduce the scourge of scalping and bring fans and artists closer together through exclusive rewards and collectibles. They could also enable artists and event organisers to regain control of their ticket resales through the advent of smart contracts.
Could NFTs really revolutionise the music industry, give the power back to artists, introduce new revenue streams, and ensure artists are automatically and accurately paid for their work? Get the lowdown on NFTs and why electronic music care.
Revisit our investigation into the impact of live music ticket touting on genuine fans.