Ticket Resale Marketplace XP Raises $6.2 million
Aims to build “the most fulfilling ticketing experience for fans"
XP, the ticket resale marketplace founded by former Grubhub exec Michael Saunders, has raised $6.2 million in funding led by Blockchange, with participation from L1D, Reflexive, and others.
Why it matters:
As per its press release, XP currently offers more than 50 million tickets to major concerts, sporting events and shows nationwide.
XP claims the funding will accelerate its "mission to build the most fulfilling ticketing experience for fans, which starts with transparent, fair-market pricing, and a platform centered around fan identity."
It intends to harness AI and blockchain technology to invest in identity-driven features that will enhance personalization and create smarter, more trustworthy interactions.
How it works:
XP blends Web3 technology with transparent pricing.
It offers price alert notifications, letting fans know when their ideal ticket price becomes available in their desired seat selection.
Another feature is an AI-powered Chrome extension called Tixpy that compares all-in prices for the same tickets across major ticketing sites, helping fans secure the best deal.
It has USDC payment integration that allows users to convert their stablecoin assets into real-life experiences, without credit card transactions.
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