PANews May 14 news, according to CoinDesk, the venture capital firm a16z Crypto led a $7 million seed round financing for the blockchain ticketing platform KYD Labs. Built on Solana, KYD aims to empower artists and venues to control ticket sales, fan data, and revenue, addressing the revenue loss issues caused by secondary market circulation. It is reported that after using the KYD system, ticketing revenue for the well-known New York venue LPR increased by 30%. KYD plans to expand to over 100 venues in the United States by 2026 and launch two tokens, $KYD and $TIX, to strengthen community and financial foundations.
