Flybondi The Argentinian low-cost airline will integrate Web3 into its ticketing process by issuing e-tickets as NFT tokens on the Algorand blockchain.
According to an announcement on Thursday, Ticket 3.0 It will expand its existing relationship with TravelX, an NFT ticketing company, with NFT ticketing technology built on the blockchain.of Algorand It will allow passengers to freely rename, transfer or sell their “NFTickets”.
Flybondi saidNFT tickets “provide a more flexible travel experience. This allows passengers to purchase tickets in advance without having to set travel plans or determine who the traveler will be.” In turn, airlines can reduce customer service costs and increase transaction fee revenue.
TravelX Chief Blockchain Officer Facundo Martin Diaz said in September that The Company does not charge a fee when a user purchases a ticket for the first time. But it receives a 2% transaction fee when trading on the secondary market. The airline also received a 2 percent discount, he said.
Passengers can purchase travel tickets through the Flybondi website using fiat currency and TravelX. NFT ticket will be issued The traveler can then create a Ticket 3.0 account to manage and store the NFT via Flybondi, the rules and conditions related to the ticket will be included in the smart contract of the NFT by the airline.
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