Host Stephen Sargeant welcomes David Barrick, CTO and co-founder of TIX & KYD Labs, to discuss why ticketing is fundamentally a banking business and how blockchain can fix fees, fraud, and resale chaos. Barrick explains primary vs. secondary ticketing, how venues rely on ticketing companies for underwriting and advances, and why service fees function like “interest” paid by fans. They cover open distribution, speculative ticket listings, and why NFT ticketing failed by ignoring venue financing realities. Barrick introduces TIX, a Solana-based protocol plus a developer platform that lets secondary marketplaces verify ticket ownership, enforce resale rules, and automate royalty settlement without venues managing private keys. KYD Labs currently serves mid-cap New York venues and aims to scale toward larger markets, with a long-term goal of major issuers adopting TIX.

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