Argentinian airline issues every ticket as an NFT

Argentinian low-cost airline Flybondi is integrating Web3 into its ticketing process by issuing e-tickets as non-fungible tokens (NFT). The new integration announced Thursday is called Ticket 3.0 and is an expansion of its existing relationship with NFT ticketing company TravelX, which launched in September 2022. The NFT ticketing technology, built on the Algorand blockchain, allows passengers to change their name, transfer or sell their "NFTickets" independently. Flybondi says the NFT ticket "offers a more flexible travel experience that allows passengers to even buy in advance without having to define their travel plans or who the travelers will be." In return, the airline is able to reduce customer service costs and increase its revenue from trading fees. TravelX chief blockchain officer Facundo Martin Diaz told CoinDesk in September that the company does not charge a fee when users initially purchase a ticket but it does receive a 2% transaction fee when trades are made on the secondary market. Airlines also get a 2% cut, he said.<br/>