Argentinian low-cost airline Flybondi is integrating Web3 into its ticketing process by issuing e-tickets in the form of NFTs.
The new integration announced Thursday, called Ticket 3.0, is an extension of its existing relationship with ticketing company NFT TravelX, which is due to launch in September 2022. Built on the Algorand blockchain, NFT ticketing technology allows passengers to change names, transfer or sell their tickets as individual “NFTickets.”
According to Flybondi, NFT tickets “provide a more flexible travel experience, and passengers can even buy them in advance without specifying their travel plans or who the traveler is.” In turn, airlines can reduce customer service costs and increase transaction fee revenue.
Facundo Martin Diaz, Head of Blockchain at TravelX, said last September that the company does not charge fees when users initially purchase air tickets, but they do charge a 2% transaction fee when transactions are made in the secondary market. . Airlines also have a 2 percent discount, he said.
Passengers can use legal tender to purchase travel tickets through the Flybondi website, and TravelX issues NFT tickets that are synchronized with ordinary e-tickets. Travelers can then create a Ticket 3.0 account to manage and store their NFTs through Flybondi. The rules and conditions related to the ticket are integrated by the airline into the NFT smart contract.
Avalanche Launches NFT Initiative
The Avalanche Foundation has launched a program called Avaissance to support NFT artists, which will consist of two parts.
The first part of the program involves the Artist in Residence (AIR) program, which will provide funding, mentorship and virtual workshops to more than 50 digital artists. Each artist will publish an NFT collection on the Avalanche blockchain.
Avalanche has announced three advisors so far: animation Emonee LaRussa, ALLSHIPS founder Dave Krugman, and Valhalla chief of staff Ryan Wen.
The second part is a collaborative digital art curation initiative called the Mona Lisa Initiative (MLI). This effort aims to donate NFTs to various digital art DAOs. It will also see Avalanche create a permanent collection of some of its own artwork.
Avalanche invites digital artists to apply through its official online application form. The program will accept applications until April 28, 2023.
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