View details of this raise on Seedstage

New York, NY

Developing a blockchain-powered ticketing platform to eliminate fraud and reduce fees.

• Blockchain-secured tickets: UTIX uses blockchain technology to create fraud-proof tickets, ensuring authenticity and security.
• Reduced transaction fees: The platform offers lower transaction fees compared to traditional ticketing systems, benefiting organizers and buyers.
• Regulatory compliance: UTIX is regulated by the Malta Financial Services Authority, ensuring compliance with financial regulations.
• Global partnerships: The company has partnered with major entities like AirBaltic and ticketed international events.
• Active utility token: UTIX’s utility token is trading on global exchanges, supporting loyalty programs and platform adoption.

UTIX is raising funds to expand its blockchain-powered ticketing platform into the US market and beyond. The company aims to address the inefficiencies in the global event ticketing industry, which is plagued by fraud, scalping, and high fees. By leveraging blockchain technology, UTIX provides a secure and transparent solution that eliminates counterfeit tickets and allows event organizers to control resale pricing. The platform also reduces transaction fees, benefiting both organizers and ticket purchasers.

The company has already achieved significant milestones, including regulation by the Malta Financial Services Authority and partnerships with major entities like AirBaltic. UTIX’s utility token is actively trading on global exchanges, supporting its loyalty programs and driving platform adoption. The funds raised will be used to enhance platform technology, scale operations, and grow the team to support global expansion. UTIX’s roadmap includes developing advanced features and integrating with third-party platforms to offer a comprehensive ticketing solution.

Company Info

UTIX offers a blockchain-based ticketing platform that enhances security and reduces fees for event organizers and attendees.

UTIX is a blockchain-powered ticketing platform designed to address the challenges of fraud, scalping, and high fees in the global event ticketing industry. By leveraging blockchain technology, UTIX ensures that each ticket is a unique, verifiable NFT, eliminating the risk of counterfeiting and providing event organizers with control over resale pricing. This approach not only enhances security but also reduces transaction fees, benefiting both organizers and attendees.

The platform offers a comprehensive suite of tools for event organizers, including a SaaS platform for event management, analytics, and customizable pricing rules. For attendees, UTIX provides a seamless experience through mobile apps that facilitate ticket purchasing and venue entry. Additionally, the platform supports API integration for large venues and developers, allowing for a tailored user experience. UTIX is regulated by the Malta Financial Services Authority and has established partnerships with major entities like AirBaltic.