NFT: Traveling with NFT airline tickets, the new reality?

NFTs are revolutionizing many industries such as art, music and even horse racing! Flight of aviation and airline tickets. Thus, the European company Air Europa, the third largest Spanish airline, has announced the launch of NFTickets. These tickets will give their lucky opportunity to travel in business class on a flight to Miami (USA). But why should we buy an NFTickets instead of a classic plane ticket to travel? What are the benefits of this new ticket?

The impressive auction of these NFT airline tickets

The Spanish airline, Air Europa, has partnered with TravelX to issue this collection of NFTickets. This collection, titled Art as a destination», Aims above all to be a work of art in a limited number with only 10 copies. The auction on April 11 created great excitement on the TravelX platform. This first collection actually raised more than $ 1 million! This NFTicket gives its owner access to a special Air Europa flight to Miami Beach on November 29, 2022. It also gives them benefits and access to events such as Art Basel Miami Beach, the international art fair contemporary art, which will take place next December. Moreover, the success of the collection can be explained by the fame of its designers, the Puerto Rican artist Carlos Betancourt. Betancourt is a famous artist. His works are especially exhibited at the Metropolitan Museum of Art in New York.

An upheaval for the aviation sector

Although this first initiative remains marginal and on a small scale, can we then imagine a revolution in the aviation sector thanks to the NFT? At least that’s the party that TravelX has taken. This company produces and markets a blockchain-based distribution protocol to enable a company to “tokenize” its airline tickets. The Covid-19 pandemic has greatly affected the global travel industry. The pandemic has revealed that this sector has an urgent need to reinvent itself by introducing new technologies to respond quickly and efficiently to market challenges (such as travel insurance, the possibility of flight cancellation, CtoC resale of these tickets). TravelXc thus strives to accelerate the adoption of Web3 in the travel industry. Their new blockchain infrastructure will benefit both customers and airlines. In fact, blockchain will give travelers access to better products and services with clear terms and tools to freely organize their travel assets. Finally it will also reduce distribution costs and supplier inefficiency, improving airlines’ profitability.

NFTs are now sweeping across the travel industry. This first sale of NFTickets is promising. Another is scheduled between 1eh June and September 2nd. We can imagine that in the future it will be “tokenized” airline ticketsminton blockchain. They will ensure authenticity (and therefore avoid any kind of fraud or counterfeiting) and traceability (under CtoC resale of airline tickets, a market that is too underdeveloped these days). We can not wait to discover the next disruptions in the air transport sector of NFTs and blockchain!

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Gregory Morat

Students who are passionate about entrepreneurship and fascinated by the technologies behind cryptos! And yes, I am convinced that the two are closely linked: blockchain and NFTs are revolutionizing many sectors and presenting unprecedented opportunities.

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