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Anonymous
Hey I am on Medialย โขย 1y
YC-backed CrowdVolt shakes up the secondary ticket market with its bid-ask model The current secondary ticket exchange system is fraught with several issues, such as tickets being resold at prices much higher than their face value, exorbitant fees and other additional costs. Not to mention the risk of purchasing counterfeit or invalid tickets, resulting in a disappointing user experience.ย CrowdVolt wants to disrupt the space with its user-centric, bid-ask ticket marketplace, which aims to give buyers an affordable ticket price with full transparency. A graduate of Y Combinatorโs Winter 2024 batch CrowdVolt operates on a model similar to sneaker resell marketplace StockX, meaning buyers submit bids on tickets, and sellers set asking prices. When a bid aligns with an ask, the transaction is complete. The platformโs bid-ask model could appeal to concertgoers because it allows them to name their desired price.
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