PANews reported on May 14 that according to CoinDesk, venture capital firm a16z Crypto led a $7 million seed round of financing for 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 the well-known New York venue LPR increased by 30%. KYD plans to expand to more than 100 US venues by 2026, and launch two tokens, $KYD and $TIX, to strengthen the community and financial foundation.
a16z Crypto Leads $7 Million Seed Round in KYD Labs to Drive Blockchain Ticketing Innovation
Share to:
Follow PANews official accounts, let's navigate bull and bear markets together
PAData: Web3 in Data
Data analysis and visualization reporting of industry hot spots
AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?
Real-time tracking of Bybit attack
Bybit suffered a security incident, and funds worth $1.44 billion were withdrawn. A North Korean hacker group was accused of being the perpetrator.