On May 16, it was reported that Solana-based ticketing platform XP completed a US$6.2 million seed round of financing, led by Blockchange, with L1D and Reflex participating. According to reports, the platform encrypts ticket codes into NFT, allowing users to pay using USDC by connecting to encrypted wallets. Founder Mike Saunders revealed that the platform is about to launch a user-independent listing and resale function, and plans to provide exclusive rewards and experiences for fans through blockchain technology. Although the bottom layer of the platform uses Solana technology, the official website hardly mentions encryption elements, and the founder has not made it clear whether to issue tokens.