GUTS is a blockchain-based ticketing platform that issues smart tickets to eliminate ticket fraud and prevent inflated secondary market prices. By providing real-time data on ticket ownership and activity, GUTS ensures transparency and control for both event organizers and attendees.
Funding
$7.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Event organizers and attendees face challenges with ticket fraud and inflated prices on secondary markets, diminishing trust and accessibility in the ticketing process. Traditional ticketing systems lack transparency, making it difficult to track ticket ownership and prevent unauthorized resales.
Solution
GUTS Tickets offers a blockchain-based ticketing platform that utilizes smart tickets to eliminate fraud and control ticket resales. By registering tickets on the blockchain and connecting them to attendees' smartphones, GUTS ensures that tickets cannot be duplicated or sold at inflated prices. The platform provides real-time data on ticket ownership and activity, offering transparency and control to event organizers. GUTS facilitates the creation, validation, and controlled (re)selling of tickets, serving various markets including livestreams, museums, theaters, concerts, festivals, and business events.
Target Audience
GUTS Tickets primarily targets event organizers seeking to eliminate fraud and control ticket resales, as well as attendees looking for a secure and transparent ticketing experience.
Features
- Blockchain registration of tickets linked to user smartphones, preventing fraud
- Real-time data on ticket ownership and activity for event organizers
- Controlled (re)selling environment to prevent inflated secondary market prices
- Self-updating, rotating QR codes for enhanced security
- Locked pricing to prevent tickets from being sold above the original price
- Mobile-friendly floorplans for venue selection
- Direct communication channel with ticket holders for event updates and safety information
- Support for various ticket types and upsells
- Data collection for marketing efforts and targeted communication