Monday, December 23, 2024
HomeNFTAir Europa joins hands with Algorand to launch first aviation-based NFT

Air Europa joins hands with Algorand to launch first aviation-based NFT

According to a recent statement from Air Europa, the company is collaborating with TravelX and Algorand. TravelX is the first blockchain-based transportation distribution protocol. On the other hand, Algorand is one of the most environmentally friendly and carbon-negative blockchain networks. The Air Europa NFTs will be issued on the Algorand blockchain, where TravelX will handle the integrating factor of the current world of transportation with the blockchain. These three companies are now planning to write a new chapter in transportation history.

Air Europa Global Sales Director’s views on this partnership

Bernardo Botella, Global Sales Director of Air Europa, commented on the new move, saying, “Innovation is in our DNA.” He added, “This company is serious about introducing cutting-edge innovations to the aviation sector. The company’s integration of NFTs will be the first of many ambitious undertakings to follow. Air Europa believes that this new feature, as well as the overall positive outlook, will enhance the customer experience. As a result of this innovative move, Air Europa is the first airline to use blockchain for “inventory management and distribution.”

Additional features of NFTickets

“NFTickets” will be the name of the newly launched NFT, which will provide customers with various benefits in addition to flight access. Owners of this NFT will be able to board a special Air Europa trip to Miami Beach on November 29, 2022, to attend the American Art Show. Every two weeks, the company will auction off 10 NFTickets created by famous artists from across the globe. The auction would take place on TravelX’s web platform.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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