NFT ticketing firm Get Protocol has raised $4.5 million in funding to disrupt the ticketing industry and provide an alternative to companies like Ticketmaster. Despite a challenging fundraising environment, the Netherlands-based company secured investment from various sources, including Flow Ventures, Animoca Brands, Tezos Foundation, Redbeard Ventures, and Funfair Ventures.

Get Protocol’s CEO, Maarten Bloemers, highlighted the difficulty of entering the ticketing industry traditionally dominated by giants like Ticketmaster. Many attempts from Web3 and crypto projects have been unsuccessful, but Get Protocol has managed to stand out and establish itself as a leader in NFT ticketing.

Bloemers attributed the company’s success to its “Web 2.5” approach, which offers a lighter integration of crypto compared to others. He emphasized the importance of considering practicalities when aiming for large stadium concerts, stating that an exclusive Web3 approach might not be feasible at the moment.

For blockchain functionality, Get Protocol primarily utilizes Tezos, although other chains can be employed based on customer preferences. The company’s native token, GET, serves as the fuel for NFT ticketing and is used for transactions within the ecosystem.

While the GET token has low trading volume and a small market capitalization, Get Protocol’s funding round signals confidence in their mission to disrupt the ticketing industry using NFTs.