- Blockchain technology is being incorporated into Flybondi’s business operations. The company has announced that it will start selling tickets as NFTs.
- Customers can use the solution, which was developed by Travelx, a company that develops blockchain technology, to trade, transfer, and sell tickets.
- Due to their growing popularity, nearly every business wants to investigate Web3 and NFT adaption.
A growing number of businesses are incorporating NFTs into their business strategies because of the advantages and benefits they are thought to have. Low-cost Argentine airline Flybondi has also decided to incorporate blockchain technology in its operations. It has announced that it will issue tickets as non-fungible tokens (NFTs), extending the range of possible uses for its consumers.
Customers will be able to trade, transfer, and sell tickets using the solution, which was created by Travelx, a blockchain technology development business, and change the names of the users up to three days before the trip.
Additionally, the alliance enabled the use of Binance Pay and stablecoins, initially including USDC, to pay for these tickets. To provide customers with more choices, Travelx promised that more stablecoins would be added.
According to Travelx, this market innovation will give travelers more freedom because they will be able to plan their trips and take advantage of lower rates without the dangers of purchasing tickets in advance.
Customers will have access to secondary marketplaces thanks to the use of Web3 technology and NFTs in such activities. According to Travelx, the implementation of these new technologies ushers in a new era
where the travel industry and the world of the new web3 come together to provide a much more flexible experience for travelers while generating new sources of revenue and a significant decrease in transactional costs for airlines.
According to Flybondi’s claims, the business is one of the forerunners in providing this kind of functionality and anticipates that, if this trial is successful, others will do the same.
Web3 and NFT adaptations have become so popular that almost every industry wants to explore them. NFTs and luxury brands make for strangely cozy bedfellows. More swiftly and passionately than other industries, high-end fashion has embraced NFTs, and it appears that everyone agrees that Web3 will surely play a significant part in its future.
It is incredibly logical. High-fashion and NFTs both operate on notions of exclusivity and scarcity, which may help to explain why the industry has been more accepting of the technology than other traditional businesses, which have only hesitantly started to dabble in Web3.