"One of the complications of having a single place to sell is there's no incentive to create a good service," said SeatGeek cofounder Jack Groeztinger, referring to Ticketmaster's inability to innovate since it's practically a ticketing monopoly.

It's ultimately up to event owners to price their tickets, but SeatGeek's platform most likely won't have the same ridiculous service fee overhead as Ticketmaster. And it'll allow for things like dynamic pricing, which could help event owners more efficiently determine prices without changing things manually.

Sporting Kansas City, the Major League Soccer team, will be the first to use SeatGeek Open. That comes on the heels of the company's partnership with MLS (don't be surprised to see other teams move over to the platform eventually). It's unclear if SeatGeek Open will be able to tempt major players away from Ticketmaster, but for now it could end up being a useful alternative for smaller events.