PANews reported on May 16 that according to Blockworks, the Solana-based ticketing platform XP completed a US$6.2 million seed round of financing, led by Blockchange, with participation from L1D and Reflexive.

According to reports, the platform encrypts the ticket code into NFT, and supports users to pay with USDC by connecting to a crypto wallet. Founder Mike Saunders revealed that the platform will soon launch a user-owned resale function, and plans to provide fans with exclusive rewards and experiences through blockchain technology. Although the underlying technology of the platform is Solana, the official website hardly mentions encryption elements, and the founder has not made a clear statement on whether to issue tokens.