Government Failure To Resolve Dutch Ticketing Issues Catapults Blockchain-Based GUTS To $2.5 Million Raised In First Hours Of ICO
Event-goers in the Netherlands have flocked to support GUTS, an Amsterdam-based start up seeking to disrupt the industry of event ticket sales, who’s consumers seemingly tiring of being held at the mercy of ticket gougers for years.
After launching their still-ongoing ICO, GUTS witnessed a deluge of interest from participants keen to back the revolutionary blockchain-based solution that promises to make ultra-hiked up event tickets a thing of the past. Within hours, the ICO had raised more than $2.5 million, more than 15% of the total funding of the $17.5 million sought by the start up to bring honesty and low prices back to ticketing.
An Industry Monopolized by Resellers
Amsterdam is one of the modern capitals of the arts and entertainment industries, with a concert, festival or music event happening every day, staged across hundreds of venues throughout the city. With a lively industry generating mounting revenue and attracting larger audiences, the demand for tickets to watch these events has never been higher.
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