SeatlabNFT Announce £1,000,000 Event Creator Fund

12 July 2022 - Press release

As it continues to revolutionise the event ticketing industry, SeatlabNFT today announces their £1,000,000 SeatlabNFT Event Creator Fund to help artists and event organisers with the cost of running live events. These non-repayable grants are open to applications from events and festivals worldwide. Successful applicants will receive their grants in instalments, becoming a SeatlabNFT sponsored event and official ticketing client in the process, giving them wider exposure on the world stage. 

There is no minimum or maximum amount associated with the grant as different events have varied capital requirements. Grants can be used towards the many upfront costs associated with running a live event, such as venue deposits, artist booking fees and marketing campaigns, leaving organisers to focus on doing what they do best: putting on unforgettable shows.

Ryan Kenny, Director of Seatlab says ‘We're excited to announce the SeatlabNFT Event Creator Fund, which we hope will provide organisers around the world with the financial injection needed to allow them to try out and embrace our event ticketing technology at their events! We're looking to work with a wide range of events, so we encourage everybody who will benefit to apply’

Applications can be made via seatlabnft.com and will be assessed on a case-by-case basis. Applicants will be asked to provide detailed information about their event, including any venue contracts and artist agreements. SeatlabNFT also looks at the applicant’s experience of running successful events, the social media following of relevant stakeholders, and anything else that will help them better understand the event’s viability. Lastly, applicants will need to outline the grant size they’re requesting and how they will allocate funds. SeatlabNFT will internally assess applications and make a decision within a few weeks.

Successful applicants will receive their grants in instalments, unlocking the next payment when they reach a significant milestone. Although each grant is assessed on a case-by-case basis, typical milestones are:

• Sign-on bonus

• When tickets go on sale

• 50% of tickets sold

• 100% of tickets sold

• Day of the event

This Event Creator Fund is the next big step for SeatlabNFT, who have already developed a game-changing, NFT-powered event ticketing system that artists and event organisers can utilise to regain control of the secondary market, prevent counterfeiting, and bring fans and artists closer together through exclusive rewards and collectibles.