Airline innovation: Flybondi pioneers NFT ticketing

Argentinian budget airline Flybondi’s partnership with NFT ticketing company TravelX evolves to issue all tickets as NFTs through the innovative “Ticket 3.0” platform. 

Tickets in Web 3.0

Argentina’s budget airline Flybondi has introduced a groundbreaking approach in the travel sector by issuing all tickets as NFTs through an extended collaboration with NFT ticketing firm TravelX.

The implementation, known as “Ticket 3.0“, is developed on the Algorand blockchain, aiming to offer passengers a more versatile and streamlined travel experience.

NFTicket freedom: Flybondi’s win-win for passengers & airlines

Flybondi’s innovative NFT ticketing system enables customers to modify their name, transfer, or sell their “NFTickets” autonomously. The airline anticipates this will lower customer service expenses and boost earnings from trading fees.

TravelX’s Chief Blockchain Officer, Facundo Martin Diaz, clarified that while no fee is charged for initial ticket acquisitions, a 2% transaction fee is collected when trades occur on the secondary market, and airlines receive an additional 2% share. 

Ticket management made easy with Flybondi’s NFTicket smart contracts

Passengers can purchase travel tickets with fiat currency on Flybondi’s website, where TravelX provides a corresponding NFT ticket in addition to the standard e-ticket. Subsequently, travelers can set up a Ticket 3.0 account to manage and store their NFTs via Flybondi, with the airline incorporating ticket-related rules and conditions into the NFT’s smart contract.

In a press statement, Flybondi’s CEO Mauricio Sana emphasized the company’s commitment to innovation, acknowledging that while changing established practices can be challenging, their objective is to advance and offer passengers an unparalleled degree of flying freedom

Flybondi joins expanding global trend

The adoption of NFT ticketing by Flybondi reflects a growing movement, with TravelX collaborating with Spanish airline Air Europa and incorporating its services into the Latin American cryptocurrency exchange Lemon.

TravelX’s infrastructure, accessible to other exchanges or marketplaces via its API, has piqued the interest of other airlines looking to explore potential applications for NFTs.

Source: nft.news