XP Launches Resale Ticket Marketplace, Powered by Solana

Chicago, October 31 – A groundbreaking shift in the live event ticketing industry has arrived with the launch of XP, a Web3-native ticket marketplace, exclusively serving the United States.

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Harnessing the potential of the Solana blockchain, XP offers access to a vast inventory of over 3 million tickets recorded as on-chain Real World Assets (RWA), allowing fans to secure tickets for their favorite live events with unprecedented transparency and equitable pricing.

The traditional online ticket marketplace model has come under scrutiny in recent years due to deceptive pricing practices, leaving event-goers surprised by hidden fees and, consequently, eroding trust within the industry. In response, XP aims to address these issues by introducing elements such as transparency, direct interactions, heightened security, community building, and versatile payment options.

Key Features that Set XP Apart

Expansive Selection: XP boasts a comprehensive inventory featuring over 3 million tickets to major live events across the United States, encompassing concerts, sports events, theater productions, and more.
Blockchain Innovation: Operating on Solana's blockchain, XP offers an environment of secure and transparent ticket access, effectively eliminating hidden fees. This blockchain-based technology facilitates direct connections between ticket buyers and sellers, streamlining transactions, enabling peer-to-peer exchanges, and fostering a sense of community.
Payment Flexibility: XP offers various payment options, including the use of Circle's USDC. Users can easily access additional funds through Coinbase Pay or transfer Ethereum-based USDC using Circle's CCTP. In addition, XP accepts all major credit cards, ensuring ease of access for all users.
Effortless Authentication: XP provides a one-click onboarding process that accommodates users with digital wallets such as Phantom, Backpack, or Solflare. Alternatively, users can opt for phone number authentication. This user-centric approach ensures secure and hassle-free transactions and ticket transfers, all while maintaining competitive pricing.

Michael Saunders, CEO of XP, expressed, "XP represents the next evolution of online marketplaces."
"Our goal is to enhance the fan experience by harnessing the capabilities of blockchain technology, offering fans a direct and efficient pathway to access live entertainment."

Michael Saunders, CEO of XP
For further information and updates, please visit xp.xyz.

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About XP

XP is the brainchild of Captain Tech Labs, serving as a Web3-native secondary ticket marketplace focused on empowering fans. By building on the Solana network, XP eliminates hidden fees and intermediaries, ensuring that fans receive the true value they deserve. This commitment to fairness is complemented by a strong emphasis on transparency and security.