Hate Ticketmaster? Onchain RWA tickets may succeed where regulators haven’t

TIX, a new DeFi-based settlement layer for the live events industry, has emerged from stealth to apply decentralized finance lending and onchain settlement to the sector. Led by veterans from Ticketmaster and Buildspace, TIX acts as the infrastructure for KYD Labs, a consumer-facing ticketing platform that recently raised $7 million. TIX aims to disrupt the industry's reliance on upfront credit by tokenizing tickets as onchain Real-World Assets (RWAs), enabling venues to access upfront capital from diverse sources, allowing artists to sell directly, and offering fans lower fees and transparent resale policies. The TIX network has already facilitated over $8 million in ticket sales and $2 million in venue financing via KYD Labs, with a planned launch on the Solana mainnet by mid-2026. This development occurs while Ticketmaster itself continues to integrate blockchain technology, having issued nearly 100 million NFT tickets since 2022. Proponents argue that RWA technology, implemented via NFTs, reduces fraud and increases transparency in secondary markets.

(Source：Cointelegraph)