Travelx - Disrupting the airplane ticket industrie! Today, not tomorrow. 100 Million tickets by eoy.

What is TravelX? TravelX is a blockchain platform that has created infrastructure to tokenize airline tickets as NFTs or digital assets. This means every ticket purchased becomes a blockchain token that the customer truly owns and can do whatever they want with.

Rather than the current rigid system where you are stuck with a ticket after purchasing, TravelX puts you in control. You can freely transfer, gift, resell or compensate yourself for changing flights - all through their peer-to-peer marketplace.

For airlines, this unlocks new revenue opportunities beyond the initial ticket sale. They can buy back in-demand tickets from customers to resell at a premium. TravelX takes a fee on each transaction.

Current Traction & Rollout Plan TravelX has already integrated with two airlines so far - Fly Bondi (Argentina) and VivaAerobus (Mexico). All tickets issued by these carriers are now tokenized NFTs on the TravelX platform.

In just the last few months, they've grown from 1 million to 5 million passengers using these tokenized tickets, showing rapid adoption.

Their goal is to reach 100 million passengers using NFT tickets by end of 2024, representing around 2-3% of the global airline market.

Importantly, they are in discussions with a major airline controlling over 30% of global air traffic to get them onboarded next. This would be a huge catalyst.

The bigger vision is to make tokenized tickets the industry standard across both major and smaller airlines within the next 5-6 years.

Some Planned Use Cases:

• Liquidity Pools & Staking - Customers can stake/provide liquidity for tokenized tickets for high-demand routes/dates and earn interest/fees as prices rise closer to the date.
• Buy Tickets Years in Advance - Purchase tokenized tickets for future events/dates years out when prices are lowest and stake to earn passively or trade later.
• P2P Trading - Customers can freely resell tickets on the marketplace rather than eat costs if plans change.

The Strategy:

1. Start by integrating with innovative, risk-taking airlines as early adopters
2. Prove out use cases and utility
3. Slowly onboard larger legacy carriers by solving for their concerns
4. Scale into making tokenized tickets the global industry standard

TravelX may potentially crowdfund to accelerate airline integrations in the future.

The Selling Point TravelX is taking a "web 2.5" approach where customers don't need to know anything about blockchain or crypto. The focus is just providing a better travel experience through ownership of your ticketed asset.

The low fees and scalability of Algorand make it an ideal blockchain for this use case.

Wrapping Up Whether you think it's an overly ambitious play or a game-changing inevitability, TravelX is pioneering really fascinating concepts around tokenizing real-world assets and008a the airline industry.

If they can steadily achieve their adoption targets, it could disrupt the entire travel booking process in a consumer-friendly way over the coming years.

Board members:

Former President and CEO of Air Canada (also sits on the board of Allegiant Air and Finnair)

COO of Uber

CEO of Orbitz

Cofounder of Google Maps

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