Air Europa has announced a partnership with TravelX, the travel industry’s first blockchain-based distribution system, and blockchain platform Algorand to offer “NFTickets,” the world’s first airline ticket series based on non-fungible tokens.
Owners will be eligible for a one-of-a-kind Air Europa flight to Miami Beach on November 29, 2022, as well as incentives and events leading up to the Americas’ greatest art show, which will be held in Miami Beach in December. Every 14 days, ten NFTickets will be given away in partnership with prominent bands through the auction site travelxchange.com.
“Innovation is in our DNA; we have been pioneers in incorporating new technology into our firm, and this cannot be different with NFTs, which may represent the next step in the travel sector,” Bernardo Botella, Global Sales Director at Air Europa, stated. “It’s an honor for us to be the world’s first airline to deploy blockchain technology for inventory management and delivery.” We’re excited to see where this takes to travel in general and how it affects the customer experience.”
NFTickets function similarly to conventional NFTs, however, they are very rare on their own. When a bitcoin transaction is made, it is securely recorded on the blockchain. When the owner is ready to use the NFT, he or she just reveals it to the system, and a flight ticket is generated in its place. Consumers will be able to own a piece of travel industry history and participate in the world’s first blockchain-backed flight with the TravelX and Air Europa NFTickets.
Ximena Caminos is curating the NFTicket series “The Art as the Destination,” for which she commissioned Carlos Betancourt, a multidisciplinary artist of worldwide repute.
“Discovery and adventure excite artists,” Betancourt said. “Similarly, one may make the same claim regarding technology. In this project, I’m experimenting with the intersections between art and technology. The animation artwork is inspired by cosmic concepts, legendary places, and trip experiences, as well as the emotions and sentiments elicited by these occurrences.”
“It’s very exciting to give birth to a new kind of NFT, minted on Algorands carbon-negative blockchain,” said Facundo Diaz, Co-Founder of TravelX. “We will blend the best of the traditional NFT, but add real-world application and experience. This provides a better flight ticket that travelers can easily manage and trade from their blockchain wallet, combined with a new kind of collectible art piece. We believe NFTickets will be the perfect fusion of art, travel, and technology.”