- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
XP Raises $6.2M to Scale Solana-Based Ticketing
By: crypto economy|2025/05/16 19:15:06
0
Share
TL;DRXP raises $6.2M to power its innovative Solana-based ticketing platform, challenging traditional systems with hidden fees and outdated tech.By leveraging blockchain and NFTs, it delivers tamperproof digital tickets, reducing fraud and scalping while enabling streamlined USDC payments.Under the leadership of CEO Mike Saunders, the platform is poised to expand API integrations and fan-centric features for secure, real-time event experiences.XP, a pioneering ticketing resale platform built on Solana’s high-speed network, has raised $6.2 million in seed funding to redefine the live event experience. Backed by prominent investors including Blockchange, L1D, and Reflexive, the platform is setting out to disrupt a legacy industry known for hidden fees and outdated technology.We're thrilled to share XP has raised $6.2M to build the future of ticketing–with fans at the center–led by @blockchangevc with @L1D_xyz, @reflexivexyz, and others.More below on how this accelerates our mission to build the most fulfilling live experiences for fans pic.twitter.com/38AohaLheF— XP (@xpticket) May 15, 2025A Blockchain Boost for TicketingThe platform’s innovation lies in its seamless integration of blockchain technology into ticketing, a field long plagued by inefficiencies and fraud. By encrypting ticket codes as NFTs, the platform creates tamperproof digital tickets that thwart scalping and prevent duplicate use. Users can connect their crypto wallets and pay with USDC, enjoying a smooth, secure, and transparent transaction process. This cutting-edge approach not only streamlines ticket sales but also offers fans an exciting glimpse into the future of digital attendance.Veteran Leadership Driving InnovationAt the helm of the platform is founder and CEO Mike Saunders, a seasoned tech entrepreneur with a track record of disruptive ventures. Saunders previously experienced success with a digital food ordering platform acquired by GrubHub and later led a tech development firm. Now, with XP, his first foray into blockchain, he is channeling decades of industry expertise into crafting a platform focused on genuine fan engagement. Saunders’s vision transcends conventional ticketing; he aims to create an ecosystem where verified fandom unlocks exclusive rewards, personalized perks, and unforgettable live experiences.Shaping the Future of Live EventsThe new funding will help the platform grow its connections with key ticketing APIs and introduce features to improve fan engagement. In an industry recently pressured by regulatory moves to eliminate hidden fees, the platform’s transparent, all-inclusive pricing model stands out as a welcome change. The platform’s strategic use of Solana’s ultra-fast network ensures real-time inventory updates and smooth, high-volume processing, even during high-demand events. As traditional giants like TicketMaster and SeatGeek face increasing criticism, the platform’s approach positions it as the ticketing solution for a new eventgoer generation.This bold initiative marks a significant step toward a future where blockchain technology revolutionizes everyday transactions, making live event experiences more accessible, secure, and fan-focused.
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App