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Tixbase and Passo Secure Largest Blockchain Ticketing Deal with Avalanche L1 for 25 Million Tickets

Aug 29, 2024, 02:01 PM

Tixbase and Passo have secured the largest blockchain ticketing deal to date, utilizing Avalanche's L1 technology. The partnership involves the introduction of TixChain, a customized L1 designed to handle 25 million tickets annually, including events like the Turkish National Team, UEFA Champions League, and Europa League. This five-year deal emphasizes compliance with GDPR and data privacy laws. The move to on-chain ticketing, which includes tokenizing 25 million tickets, aims to transform the industry by ensuring reduced friction, cost, and instant settlement, providing exclusive event experiences.