XP

XP operates as a secondary ticketing marketplace aiming to restructure the live event experience for fans by focusing on price transparency and fan-centric features. Founded in 2024 by Michael Saunders, a former Grubhub executive, the Chicago-based company seeks to address common frustrations in the ticketing industry, such as hidden fees and transactional treatment of fans. Saunders, who also leads the Solana-focused tech studio Captain Labs, brings experience from co-founding the campus food delivery startup Dotmenu, which was later acquired by Grubhub.

The company's business model is centered on providing a resale marketplace for a wide array of live events, including major concerts, sporting events, and shows across the United States and Canada. With an inventory of over 50 million tickets, XP generates revenue through ticket sales on its platform, which already accounts for millions of dollars in annualized sales. A key aspect of its model is the elimination of hidden fees, offering upfront pricing that can result in savings of up to 30% for consumers compared to other resale sites.

Built on the Solana blockchain, XP leverages Web3 technology to enhance security and transparency. The platform uses its proprietary Tamperproof protocol to encrypt ticket codes as non-fungible tokens (NFTs), aiming to create a more trustworthy exchange between buyers and sellers. This blockchain infrastructure supports features designed to empower users. These include "Price Alerts," which notify users when tickets reach their desired price point, and "Tixpy," an AI-powered browser extension that compares total ticket prices across different platforms. In May 2025, XP announced a $6.2 million funding round led by Blockchange, with participation from L1D and Reflexive Capital, to accelerate its mission. The company plans to invest these funds in developing more identity-driven features using AI and blockchain to deepen fan engagement and offer personalized rewards.

Keywords: secondary ticketing, live event tickets, fan experience platform, Solana blockchain, Web3 commerce, transparent pricing, no hidden fees, ticket resale marketplace, Michael Saunders, Captain Labs, sports tickets, concert tickets, NFT ticketing, AI-powered price comparison, Price Alerts, Tixpy, Blockchange, event technology, fan engagement, digital tickets