Low-cost airline based in Argentina flybonds has joined forces with TravelX to issue NFT tickets to their customers. TravelX is a Web3 travel company that launched last September and aims to help airlines issue tickets as non-fungible tokens.
Prospective tourists can purchase tickets directly on the Flybondi website, which can be purchased using fiat currencies. Once a passenger makes a purchase, they will receive a timed NFT ticket in addition to their regular e-ticket. They can then proceed to create a Ticket 3.0 account on the platform, which will help them manage and store the NFTs. Also, the passenger can change his name, transfer and even sell the NFT tickets as he pleases.
As Facundo Martin Diaz, director of blockchain at TravelX, points out, the first purchase does not incur any fees, but the platform charges a 2% transaction fee to secondary sales of “NFTickets”, while airlines will receive 2%. additional. % off sale.
The best ticket in the world is 3.0 💛 And it’s ours! 😉✨#flybondi #UltraLowCost #LaLibertadDeVolar https://t.co/lKDjWRDdnm
– flybondi (@flybondioficial) March 29, 2023
Flybondi enters Web3
He integration, Dubbed Ticket 3.0, it marks Flybondi’s entry into Web3. It’s a move that has the management team buzzing. In a press release, Mauricio Sana, general director of the airline, points out that the objective is “generate a positive impact in the aviation industry through innovation and the application of blockchain technology”.
He goes on to add thatt “changing the rules of the game is never easy, but we know that our goal is to evolve and offer our passengers a new stage of the freedom to fly”.
Now these NFT tickets will offer holders a more flexible travel experience. Passengers can purchase them in advance without having to make specific travel plans or even declare who will be traveling. Consequently, Flybondi is able to reduce its customer service fees and increase its revenue through trading fees.
TravelX leveraged the Algorand blockchain to create the airline’s NFT ticketing technology. The platform is on a mission to onboard more airlines, thus opening up Web3 opportunities for travelers.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the world.
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