Blockchain ticketing platform KYD Labs has completed a $7 million seed round financing, led by a16z Crypto.

ChainCatcher news, according to CoinDesk, the Blockchain ticketing platform KYD Labs announced the completion of a $7 million seed funding round, led by a16z Crypto. Designed to address lost revenue by giving artists and venues control over ticket sales, fan data, and revenue, KYD Labs is built on Solana to allow fans to quickly purchase tickets, with plans to expand to more than 100 venues in the U.S. by 2026.