Algorand (ALGOUSD)

[waldo77]

FIRST-EVER FLIGHT 'NFTICKET' SELLS FOR $1 MILLION USDC IN LIVE AUCTION
https://www.prnewswire.com/news-releases/first-ever-flight-nfticket-sells-for-1-million-usdc-in-live-auction-301529098.html

"...TravelX was born to reimagine the travel industry and accelerate its adaptation to Web3, by tokenizing travel inventory into NFTs that can be exchanged through the blockchain ecosystem along with digital stablecoins. A simple integration will enable a whole new world of use cases, allowing travel suppliers to enhance and make their inventory distribution more efficient and profitable.

"We found that blockchain technology had reached a maturity point where it could help travelers to have a more frictionless experience and increase profitability for travel suppliers," said Juan Pablo Lafosse, co-founder at TravelX. "The excitement and value generated with this first ever NFTicket is recognition and validation of a real-world application for NFTs. We believe this could become the new standard for the travel industry."

TravelX leveraged Algorand, the world's most decentralized, scalable and secure blockchain infrastructure, to mint the NFTicket. Algorand is a fully carbon-negative blockchain, designed from the beginning for minimal environmental impact.

"Sustainability has been a core component of Algorand since its inception," said Algorand founder Silvio Micali. "We are excited to provide the blockchain infrastructure to enable TravelX to change the world of travel in an environmentally friendly way."

To celebrate, TravelX hosted an invite-only event at the Eiffel Tower, where the final bid for the first-ever NFTicket was revealed. For more information, visit www.travelx.io..."