Flybondi joins forces with TravelX to issue NFT flight tickets
Argentine-based low-cost airline Flybondi has joined with TravelX to issue NFT tickets to its customers. TravelX is a Web3 travel company that launched last September and aims to help airlines issue tickets as non-fungible tokens.
Potential holidaymakers can purchase tickets directly on Flybondi’s website, which can be purchased using fiat currencies. When a passenger makes a purchase, they will receive a synchronized NFT ticket on top of 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 their NFTs. In addition, the passenger can rename, transfer and even sell the NFT tickets as they wish.
As Facundo Martin Diaz, head of blockchain at TravelX, notes, the initial purchase incurs no fees, but secondary sales of “NFTickets” are charged a 2% transaction fee by the platform, while airlines will receive an additional 2% cut from the sale.
Flybondi enters Web3
The integration, called Ticket 3.0, marks Flybondi’s entry into Web3. It’s a move that makes the management group buzz. In a press release, Mauricio Sana, CEO of the airline, notes that the aim is to “generate a positive impact in the aviation industry through innovation and the use of blockchain technology.”
He adds furthert “changing the rules of the game is never easy, but we know that it is our goal to evolve and offer our passengers a new phase of the freedom to fly.”
Now these NFT tickets will offer holders a more flexible travel experience. Passengers can buy them in advance without having to make concrete travel plans or even specify who will be traveling. Consequently, Flybondi is able to cut its customer service fees and increase revenue through merchant fees.
TravelX leveraged the Algorand blockchain to build the airline’s NFT ticketing technology. The platform is on a mission to board several airlines, and therefore opens up Web3 opportunities for travelers.
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*All investment/financial opinions expressed by NFT Plazas are from personal research and experience of our site moderators and are intended as educational material only. Individuals are required to research all products 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 around the world.
