FANDRAGON TECHNOLOGIES is investing $12 million to help develop secure ticket delivery solutions for events and destinations by commercializing the Aventus digital assets-focused blockchain protocol. Veteran technologist ROBERT WEISS has been named CEO and has joined the company’s board of directors.
FANDRAGON will create SaaS tools and mobile products to combat fraud and scalping, providing sports, music, theater, cinema, family entertainment, fandom events and theme park ticket sellers additional data, transparency and control over the process. As a result, rightsholders can improve the fan experience, unlock additional revenue streams and better protect the overall integrity of events.
“I am honored to be leading FANDRAGON,” WEISS said. “This is an exciting time to be innovating in the ticketing space. Fans and rightsholders need help. Everyone is negatively impacted by software bots and scalpers that drive up prices, counterfeiting organizations that scam venues and fans and the overall lack of transparency in the ticketing industry today. We need a better way to protect the fan experience and decrease fraud. The FANDRAGON team is thrilled to provide all that through our unique technology and forever improve the ticket-delivery experience.”
“We are excited to announce the formation of FANDRAGON TECHNOLOGIES and we are thrilled to have ROB leading the charge,” AVENTUS founders ANNIKA MONARI and ALAN VEY said. “The ticketing experience today is broken and in need of disruption. We created the AVENTUS Protocol with the goal of addressing consumer frustration, giving talent and venues the option of enforcing pricing, and improving confidence around selling and buying tickets. FANDRAGON is uniquely positioned to take our flagship technology and deliver solutions that empower buyers and sellers. Even more, Rob’s experience building businesses and leading successful executive teams will bring our vision of an improved mobile ticketing industry to life.”
“The name ‘FANDRAGON’ speaks to our company’s mission of protecting fans and giving them a better experience, which ultimately means more revenue for our B2B partners,” added WEISS. “The ticketing business is simultaneously exploding with innovation but also consolidating. This is a time when we need innovation to continue. Tickets rightsholders and fans deserve some alternative solutions in the marketplace.”