FIRST ‘NFTICKET’ FLIGHT SELLS FOR US$1 MILLION IN LIVE AUCTION


Copyright 2022 PR Newswire. All rights reserved
2022-04-25

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 25, 2022 /PRNewswire/ — TravelXthe company building the travel industry’s first blockchain-based distribution protocol, and Air EuropeSpain’s third-largest airline serving more than 60 destinations worldwide, today announced the closing of the first auction of NFT (non-fungible token), or “NFTicket”, airline tickets for $1,002,000 USD.

“We are very satisfied with the results of this first NFTicket. We see this as a bet on the future, allowing us to apply a layer of service experience that transforms our customer offer”, explains Valentin Lago, CEO of Air Europa.

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. Simple integration will open up a whole new world of use cases, allowing travel suppliers to make their inventory distribution more efficient and cost-effective.

“We found that blockchain technology had reached a point of maturity where it could help travelers have a smoother experience, while increasing profitability for travel providers,” mentioned Juan Pablo Lafosseco-founder of TravelX. “We are honored to work with incredible artists, like Carlos Betancourt, to make these first 10 NFTickets even more special and forever collectable. But we know that the excitement and value generated by this first-ever NFTicket is also 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 Algorandthe world’s most decentralized, scalable and secure blockchain infrastructure, to strike that first NFTicket.

“TravelX leveraged Algorandthe all-carbon negative blockchain, designed from the ground up for minimal environmental impact,” 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.

About TravelX

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.

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