rewrite this title Gate’s GET To Transform Entertainment With Web3-Powered Participatory Economy

by
Alisa Davidson

Published: May 23, 2025 at 11:01 am Updated: May 23, 2025 at 11:01 am

by Ana

Edited and fact-checked:
May 23, 2025 at 11:01 am

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Cryptocurrency exchange Gate has published an overview of the Global Entertainment Token (GET), describing how the present entertainment landscape remains opaque and inefficient, with centralized intermediaries limiting creator earnings and reducing meaningful fan engagement. Gate’s synopsis explains that GET employs Web3 infrastructure to encourage direct interaction between artists and audiences, introduce transparent revenue sharing, establish tokenized ownership of content, and enable community-led governance. 

The project’s objective is to cultivate a fairer environment where creators and fans support each other, operating alongside the traditional entertainment industry while using Web3 and metaverse technologies to stimulate sector-wide innovation.

GET is described as a digital asset developed to utilize Web3 technologies in building a more transparent, participatory, and direct entertainment framework. The token enables users to engage in the development process of creative projects by supporting them through token-based mechanisms, effectively allowing fans to influence outcomes. 

By incorporating NFTs, GET facilitates a new model of digital asset ownership, where users can back artists, trade collectibles, and display digital contributions. The broader initiative aims to identify and promote talent on a global scale, removing geographic limitations. It also seeks to redefine audience interaction via virtual environments such as live streams and metaverse events. Functionally, GET operates as both a governance token, supporting decentralized decision-making through DAO voting, and a utility token that spans physical and digital environments. 

The initiative addresses existing inefficiencies in content monetization, fan engagement, and value allocation by employing blockchain infrastructure to establish a more open and collaborative ecosystem. The platform is structured around several core components, including the GET Platform, Wallet, Pay system, NFT and real-world asset marketplace, a governance voting mechanism, and a metaverse project called GET City, all designed to deliver a cohesive and interactive digital experience.

An In-Depth Look At The GET Platform, Wallet, And Payment Services

The GET Platform functions as the central operational layer of the broader ecosystem, consolidating features such as user engagement, project support, financial transactions, and community governance. Utilizing a wallet-based framework, individuals can verify identity, manage various tokens, propose and monitor project submissions, participate in funding initiatives, and contribute to decision-making processes including budget distribution and event organization. A unified connection through the GET Wallet allows for full access to platform capabilities, including transaction-free payments via the GET Pay point system, all within an integrated and streamlined user interface that covers activities like voting and content broadcasting.

The GET Wallet serves as the primary access mechanism to the ecosystem, offering users the ability to store and manage multiple assets including GET tokens, GET Pay points, NFTs, and tokenized real-world assets. The wallet ensures secure asset management and provides users with a clear overview of their digital holdings, which may include tokens such as GET, ADA, and USDT. It also tracks transaction history across platform functions and enables users to visually represent ownership through NFTs. Planned updates for the wallet include mobile app functionality, broader compatibility with multiple blockchain networks, and automatic integration of certification processes for tokenized physical assets.

GET Pay is introduced as a simplified, fee-free payment infrastructure designed for transactions in both digital and physical settings. It supports immediate QR code-based payments at in-person locations like live events, facilitates online purchases of unique digital items, and operates within metaverse environments. The system prioritizes user accessibility with a straightforward interface intended for those less familiar with blockchain technologies. Further development aims to incorporate compatibility with established digital payment services, enhancing its utility for a wide audience including both content creators and their supporters.

The NFT and Real-World Asset (RWA) Marketplace operates as a combined environment for the exchange of both digital and tokenized tangible items. Within this marketplace, participants are able to trade various forms of media and assets, such as music tracks, video content, collectible merchandise, event access passes, and tokenized representations of physical goods including exclusive experiences or property. With integrated support for GET and GET Pay, the platform facilitates verifiable ownership through embedded metadata, streamlines royalty payments on resale transactions, and accommodates the physical distribution of goods tied to NFT authentication, effectively integrating physical and digital value chains.

The governance framework within the GET ecosystem is structured around a decentralized autonomous organization (DAO) model, enabling token holders to participate directly in decision-making processes that affect the platform’s direction. This includes selecting creative projects, artists, performers, and policy updates. Each GET token confers voting rights, with mechanisms in place to condition participation based on criteria such as token staking or NFT possession. The system is designed to promote accountability, with proposal submissions requiring a minimum token threshold and transparent disclosure. Contributors who engage actively may receive various incentives, reinforcing ongoing community involvement.

GET City represents a conceptual metaverse project that integrates digital and real-world experiences. This virtual environment is set to include spaces such as music venues, cinemas, and exhibition halls, all managed through token-based systems. Users will have the opportunity to acquire and manage virtual properties, engage in governance activities, stake assets, and conduct transactions using the GET token. Intended to replicate and enhance physical events, GET City is envisioned as a platform for interactive cultural and commercial exchange that bridges virtual and tangible experiences.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles