# TIX > The Standard for Tickets TIX provides decentralized financing infrastructure for live event venues through blockchain-based ticket tokenization on Solana. TIX is a DeFi settlement layer for the live events industry that tokenizes tickets as onchain real-world assets to enable upfront venue financing and transparent settlement. The protocol addresses traditional credit-debt models by allowing venues to access capital from multiple liquidity providers without exclusivity requirements, while artists can sell tickets directly and fans benefit from lower fees and verified resale policies. Founded by Ticketmaster and Buildspace veterans, TIX operates as the underlying infrastructure for KYD Labs, a consumer-facing ticketing platform. - Type: Company - Sector: Payments - Status: Announced - Founded: 2025-12-01 - Profile: https://thegrid.id/profiles/tix ## Products - [TIX Protocol](https://thegrid.id/profiles/tix): TIX Protocol is a DeFi-based settlement and financing infrastructure that tokenizes live event tickets as real-world assets on Solana, enabling venues to access upfront capital through decentralized liquidity pools while automating settlement and repayment flows through smart contracts. (Ticketing, In Development, Main Product) ## Links - [Main](https://www.tix.xyz) - [Twitter / X](https://x.com/tixprotocol) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation. Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service. The following applies to both licensing models. - All data is provided AS IS with no guarantees of accuracy. - The Grid does not provide investment, legal, or tax advice, and - a project's presence in The Grid's data does not imply endorsement. - [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers - [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service. - [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service. - [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services. - [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures ## Optional - [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model - [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships - [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type - [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types - [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP