Summary
- Blockchain ticketing platform KYD Labs announced that it has secured $7 million in seed funding.
- a16z led this investment round, and KYD Labs is operating a ticketing platform based on Solana.
- According to CoinDesk, ticket sales at venues adopting KYD have increased by 30%.
Blockchain ticketing platform KYD Labs has secured new funding of $7 million (approximately 10 billion KRW).
According to CoinDesk on the 15th, KYD Labs recently raised $7 million in seed funding. U.S. Silicon Valley venture capital (VC) Andreessen Horowitz (a16z) participated as the lead investor in this round.
KYD Labs is the operator of the Solana (SOL)-based ticketing platform KYD. Users can purchase tickets through KYD in 30 seconds with just a phone number. CoinDesk reported, "KYD provides a streamlined ticket purchasing experience," and "Ticket sales at venues that have adopted the KYD system have increased by 30%."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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