rootVX is elated to announce its latest partnership with FairSeat, a next-generation ticketing platform that aims to fix one of the entertainment industry’s most frustrating and daunting issues: Ticket Scalping.
The problem resonates with fans globally, who are familiar with the heartbreak of trying to buy tickets in time, only to watch them disappear in seconds and reappear on resale sites at exorbitant prices. The secondary ticketing market is now a $15+ billion industry, dominated by scalpers, bots, and bad actors. Fake tickets, inflated resale prices, and a lack of control for artists and organizers have made the system deeply unfair.
FairSeat is changing this with a bold mission: to make every ticket secure, authentic, and fairly priced. FairSeat uses the dual power of blockchain and AI to eliminate fraud, track tickets on-chain, and ensure full transparency from purchase to entry. Smart contracts help enforce pricing rules and distribution policies, while AI detects anomalies and fraud in real-time.
Behind the scenes, FairSeat is built on the rootVX ecosystem without needing a massive dev team, allowing them for a faster GTM. With just a few integrations, FairSeat has been able to:
- Tokenize event tickets on a permissioned, compliant blockchain
- Leverage smart contract functionality for pricing and access control
- Ensure on-chain authenticity and ownership tracking
- Deliver an intuitive, secure user experience without a complex blockchain setup
At rootVX, the infrastructure is built to make tokenization secure, compliant, and accessible not just for real-world assets, but for solving real-world challenges. FairSeat is a powerful example of how our modular, low-code platform can be used to combat systemic issues like ticket scalping, empowering innovators to focus on impact over complexity.
This partnership represents a leap forward for both tech and fairness. By combining FairSeat’s mission-driven product with rootVX’s scalable infrastructure, we’re paving the way for a new standard in how fans experience live events.
Source: rootVX
