Chicago, October 31 – A groundbreaking shift in the live event ticketing industry has occurred with the launch of XP, a Web3-based ticket marketplace exclusively serving the United States.
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Harnessing the potential of the Solana blockchain, XP provides access to a massive inventory of over 3 million tickets registered as Real World Assets (RWA) on-chain, allowing fans to secure tickets to their favorite live events with unprecedented transparency and fair prices.
The traditional online ticket marketplace model has come under scrutiny in recent years for misleading pricing practices, surprising event attendees with hidden fees and consequently undermining trust within the industry. In response, XP aims to address these issues by introducing elements such as transparency, direct interactions, increased security, community building, and versatile payment options.
Key features that set XP apart
Extensive selection: XP has an extensive inventory of more than 3 million tickets to major live events in the United States, including concerts, sporting events, theater productions and more.
Blockchain Innovation: XP runs on Solana’s blockchain and provides an environment of secure and transparent ticket access, effectively eliminating hidden fees. This blockchain-based technology facilitates direct connections between ticket buyers and sellers, streamlining transactions, enabling peer-to-peer exchanges and fostering a sense of community.
Payment Flexibility: XP offers several payment options, including using Circle’s USDC. Users can easily access additional funds through Coinbase Pay or transfer Ethereum-based USDC using Circle’s CCTP. Additionally, XP accepts all major credit cards, providing easy access to all users.
Effortless authentication: XP offers a one-click onboarding process that enables users with digital wallets such as Phantom, Backpack or Solflare. Alternatively, users can opt for phone number verification. This user-centric approach ensures secure and hassle-free transactions and ticket transfers, while maintaining competitive pricing.
Michael Saunders, CEO of XP, said: “XP represents the next evolution of online marketplaces.”
“Our goal is to enhance the fan experience by leveraging the capabilities of blockchain technology and providing fans with a direct and efficient path to access live entertainment.”
Michael Saunders, CEO of XP
For more information and updates, visit xp.xyz.
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About XP
XP is the brainchild of Captain Tech Labs and serves as a Web3-native secondary ticket marketplace aimed at empowering fans. By building on the Solana Network, XP eliminates hidden costs and middlemen, giving fans the real value they deserve. This commitment to fairness is complemented by a strong emphasis on transparency and security.