a16z Crypto leads KYD Labs '$7 million seed financing round to promote blockchain ticketing innovation
According to online reports, according to CoinDesk, venture capital firm a16z Crypto led the $7 million seed round of financing from blockchain ticketing platform KYD Labs. KYD is built on Solana and aims to empower artists and venues to control ticket sales, fan data and revenue, and solve the problem of revenue loss caused by secondary market circulation. It is said that after using the KYD system, the ticketing revenue of LPR in well-known venues in New York increased by 30%. KYD plans to expand to more than 100 U.S. venues by 2026 and launch two tokens,$KYD and $TIX, to strengthen the community and financial foundation.
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