XP, a ticketing resale exchange built on Solana, has successfully raised $6.2 million in a seed funding round led by Blockchange, with participation from L1D and Reflexive. The platform aims to disrupt established ticketing giants like TicketMaster and SeatGeek by offering transparent pricing, listing all-in ticket prices by default. XP uses Solana's blockchain technology for ticket sales, with tickets encoded as NFTs, although the site prominently features conventional payment methods like USDC. XP founder Mike Saunders highlighted that the platform has generated millions in ticket sales, with plans to expand its services beyond ticketing to enhance fan experiences. This includes allowing users to list and resell their own tickets while providing unique rewards and experiences, tapping into the personal nature of fandom. The recent Biden administration rule banning hidden fees in ticketing may add to XP's appeal as they focus on clear pricing.

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