Utix

About the offering

UTIX is a blockchain-powered e-ticketing platform headquartered in New York, NY, raising up to $1.235 million via a Regulation CF SEC offering on Wefunder. As of the campaign snapshot, the company had raised approximately $350,666 from 81 investors, surpassing its first funding goal. Core Business: UTIX mints event tickets as unique NFTs on the blockchain (currently migrated to the Polygon network), making each ticket cryptographically unique, fraud-proof, and tamper-resistant. Smart contracts allow event organizers to control secondary-market resale pricing, cap ticket scalping, and capture a percentage of resale revenue. The platform charges a maximum transaction fee of 7.5%, compared to the industry average of 14% or more. Regulatory Status: UTIX claims to be one of the first ticketing platforms regulated by the Malta Financial Services Authority (MFSA) as a Virtual Financial Asset (VFA) issuer, and asserts compliance with both VFA and MiCA (Markets in Crypto-Assets) regulations. Its Ethereum-based utility token is live on exchanges including BitMart, Uniswap, and Jupiter. Traction & Partnerships: The company states it is revenue-generating, having ticketed international events such as Blockchain Con Colombia. It reports a collaboration with European airline AirBaltic on blockchain ticketing solutions and active reseller programs in South America, Australia, and the USA. UTIX is also noted as a member of the Latvian Blockchain Association. Product: The platform includes a SaaS dashboard for event organizers (event creation, inventory management, pricing rules, analytics), iOS and Android mobile apps for attendees featuring dynamic QR codes, and API access for large venues seeking white-label or direct integration. A UTIX Loyalty Token is planned to incentivize repeat use through discounts and rewards. Roadmap (not guaranteed): Phase 1 (complete, Q4 2023–Q2 2024) covered core architecture, user registration, and Polygon migration. Phase 2 (Q4 2025) targets ticket resale/transfer functionality, 2FA QR codes, an event discovery page, and an embeddable purchase widget. Phase 3 (Q1–Q2 2026) covers loyalty token integration, seating charts, API developer portal, virtual event support, native app development, merchandise e-commerce, cryptocurrency payment support, white-labeling, and optional ticket insurance. Use of Proceeds: Funds are earmarked for US market expansion (sales and marketing), platform technology enhancements, and key hires in engineering, business development, and customer support. Team: Maxwell Mayhew (Founder/MD) holds a BSc in Industrial Economics from the University of Nottingham, previously served as Head of Trading at a European quantitative hedge fund, and founded and exited e-ticketing platform ClubCo in 2013. Mihkel Tali (CTO/Head of Development) has a background in hedge fund algorithm development and co-founded Driftband, an RFID wearable technology company that won Estonia's Teamlab Product Development Award. Jerome Robinson (VP/Director of Sales) is a Certified Sales Professional (NASP CSP 2025) with backgrounds in account management, IT support, and project management, and has been with UTIX since 2017. Andra Locika serves as Director of Compliance and MLRO, with experience in private banking and regulated financial institutions. Notable Investor: Craig Morrison is listed as a featured syndicate lead investor who committed $305,000 and states he has known the founders for over 20 years. Risks/Caveats: Roadmap timelines are explicitly noted as not guaranteed. Community Q&A raises questions about token trading volume (reportedly $0 on CoinDesk at time of posting), capital efficiency at various raise levels, secondary liquidity pathways for investors, and competitive defensibility against incumbents such as Ticketmaster.

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