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Trutix provides a peer-to-peer platform for the secure exchange of event tickets on the secondary market. The company’s core function involves authenticating sellers' tickets, offering buyers a guaranteed purchase. This system facilitates legitimate, direct transactions between individuals, aiming to alleviate fraud and inefficiency common in traditional resale channels.
Founded in 2023 by Camilo Sacanamboy and Gerardo Suarez, Trutix addresses the fragmented secondary ticketing market. CEO Camilo Sacanamboy brings over a decade of digital product creation experience, notably as founder of the successful event software, Peewah. CTO Gerardo Suarez contributes extensive software development expertise, having worked on major platforms like Uber and Salesforce.
Trutix serves individuals seeking a transparent, secure method to exchange event tickets. The company’s vision is to democratize access to live experiences by fostering a trustworthy marketplace. It aims to ensure enthusiasts are not excluded from desired events due to issues within the resale ecosystem.
Trutix has raised $100K across 1 funding round.
Trutix has raised $100K in total across 1 funding round.
Trutix has raised $100K across 1 funding round. Most recently, it raised $100K Seed in March 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2023 | $100K Seed | — | Platanus Ventures | Announced |
Trutix is a blockchain-based technology company building a trustless peer-to-peer (P2P) marketplace for digital ticket resale. It enables users to buy and sell tickets securely using USDC cryptocurrency, eliminating scams and middlemen through verified trades.[4]
The platform serves event attendees, ticket sellers, and resellers seeking a decentralized alternative to traditional ticketing systems. It solves key problems in the secondary ticket market, such as fraud, high fees from intermediaries, and lack of trust, by leveraging blockchain for direct, verifiable transactions.[4]
Trutix emerged as a solution to persistent issues in the ticket resale industry, where scams and untrustworthy platforms have long plagued users. Specific details on founders or exact founding year are not available in current sources, but the platform positions itself as a modern, crypto-native response to these challenges, likely gaining traction amid the rise of Web3 marketplaces post-2020.[4]
Early momentum appears tied to the growing adoption of stablecoins like USDC for real-world applications, allowing Trutix to offer seamless, borderless trading without traditional payment processors.[4]
Trutix rides the wave of Web3 adoption in real-world assets (RWAs), particularly tokenization of tickets as NFTs or digital assets. This aligns with trends in decentralized finance (DeFi) and blockchain interoperability, where stablecoins like USDC facilitate everyday commerce.[4]
Timing is ideal amid regulatory scrutiny on centralized ticketing giants (e.g., Ticketmaster's dominance) and rising crypto mainstreaming, with market forces like volatile fiat systems and cross-border payment hurdles favoring crypto-native solutions. Trutix influences the ecosystem by pioneering P2P resale standards, potentially inspiring similar models for other digital goods like event access or collectibles.[4]
Trutix is poised to capture share in the $15B+ global ticket resale market as blockchain ticketing matures, with expansions into multi-chain support or NFT integrations likely next. Trends like dynamic pricing via smart contracts and partnerships with event organizers could accelerate growth, evolving its role from niche player to ecosystem enabler.
This positions Trutix as a prime example of crypto solving legacy tech pains, delivering secure, efficient trading from day one.[4]
Trutix has raised $100K in total across 1 funding round.
Trutix's investors include Platanus Ventures.
