NFT tickets generate millions of results in various search engines around the world, but the recent adoption of this innovative product by an Argentinian airline for ticket sales is a testament to mainstream companies’ new technology. It shows how much we intend to incorporate into our Web3 activities.
NFTs Ticket adoption has surged again as Argentine low-cost carrier Flybondi announced that it will offer tickets for all travel. As a non-fungible token (NFTs) will be offered through a partnership with TravelX, the NFT ticketing company launched in September 2022.
The partnership allowed TravelX functionality to be integrated into Flybondi’s website, and the integration was called Ticket 3.0.
according to flybonded According to the official press release, Ticket 3.0 will give travelers more autonomy and greater freedom when managing their tickets. With the introduction of the latest technology, the Argentinian traveler will be able to do three things with his ticket: transfer, transfer and rename.
Another perk of this is that passengers can pre-purchase NFT tickets without disclosing their travel plans or revealing their identity, made possible by the capabilities of blockchain technology.
Flybondi also outlined the steps to obtain a Ticket 3.0. fly bondi Website and ticket purchase. Before that, interested passengers must create an account, from which they must decide how to manage their tickets.
Flybondi CEO Mauricio Sana said in a press statement: .
Flybondi’s low-fare service has already attracted millions of passengers in Argentina, with 7 million residents already on its flights.
NFT tickets issued through the Algorand blockchain
NFT tickets live on the blockchain, chosen by the team behind Ticket 3.0 Algoranda project calling itself FutureFi that supports a wide range of applications.
As one of the few projects to find an answer to the blockchain trilemma of decentralization, security and scalability, Algorand has the highest transactions per second (TPS) and the lowest number of transactions, so e-tickets are processed in seconds. will be industry-wide rates.
NFT Tickets: Are They Accepted by Mainstream Industry?
The latest NFT ticketing moves show the tremendous growth this innovation has seen in the last few years.
Popular Crypto Firms, July 2022 binance has announced an NFT ticket service for Italian football club SS Lazio for the 2022/2023 Serie A season.
A Binance representative said at the time that season tickets delivered on NFTs would open up new frontiers of brand experience for sports club fans to enjoy.
This service gives SS Lazio full control over the secondary sale of tickets. Apart from this, there have been minimal instances of ticket counterfeiting affecting revenue and the reputation of the club’s management.
More importantly, production slowdowns, validation processes, ticket loss and damage are non-existent thanks to this innovation that allows fans to enter and exit the stadium with ease.
Many analysts are calling NFT ticketing the ticket of the future. live eventmillions of people around the world are still working on ideas for digital art that represent things of value in the real world.
That said, NFTs such as YellowHeart (focused solely on the music industry), WICKET (responsible for the Milan wine festival), NFT TiX, GUTS, Seatlab, Relic Tickets, TicketMint, SquadUp & Sidechain, DeFy Tickets Ticket companies and Jeike Ticketing are leading the way for event managers interested in taking advantage of this new ticketing method.
March 2023 Global NFT Market Sales Fall Below $1 Billion
Global market sales continued to decline in the third month of this year, despite NFT’s prominence in several industries.
Total monthly sales in March fell below $800 million, and cumulative sales in the first quarter of 2023 are about $2.8 billion.
The figure appeared high over the past six months due to a lack of trust in digital art and the crypto economy at large, but it fell more than $10 billion below cumulative sales from Q1 2022.