Air Europa becomes the first airline to hit an airline ticket on the Algorand blockchain via TravelX, making it the most valuable ticket sold in commercial aviation history
MIAMI, April 20, 2022 /PRNewswire/ — TravelXthe company building the travel industry’s first blockchain-based distribution protocol, and Air Europethe third largest Spanish airline serving more than 60 destinations worldwide, announced the closing of the first auction of NFT (non-fungible token), or “NFTicket”, airline tickets for $1,002,000 USDC.
“We are very pleased with the results of this first experience of trading an NFTicket. We see this as a bet on the future, as it allows us to apply a layer of service experience that transforms our client offering”, Explain Valentin Lago, CEO of Air Europa. “We hope this will become a quality leap for all users.”
TravelX was born to reinvent the travel industry and accelerate its adaptation to Web3, by tokenizing travel inventory into NFTs that can be traded through the blockchain ecosystem with digital stablecoins. A simple integration will open up a whole new world of use cases, allowing travel suppliers to improve and make their inventory distribution more efficient and profitable.
“We found that blockchain technology had reached a point of maturity where it could help travelers have a smoother experience and increase profitability for travel providers,” said Juan Pablo Lafosseco-founder of TravelX. “The excitement and value generated by this first-ever NFTicket is recognition and validation of a real-world application for NFTs. We believe this could become the new normal for the travel industry.”
TravelX put to good use Algorand, the world’s most decentralized, scalable and secure blockchain infrastructure, to mint the NFTicket. Algorand is a fully carbon negative blockchain, designed from the ground up for minimal environmental impact.
“Sustainability has been a core component of Algorand since its inception,” said Founder of Algorand Silvio Micali. “We’re excited to provide the blockchain infrastructure to enable TravelX to change the world of travel in an eco-friendly way.”
To celebrate, TravelX held an invite-only event at the Eiffel Tower, where the final offer for the first-ever NFTicket was revealed. For more information, visit www.travelx.io.
Led by a team of technology and travel industry veterans with pioneering change experience, TravelX is building a blockchain-based distribution protocol developed to create a more secure, decentralized, frictionless, transparent and secure travel industry. efficient.