The NFTTickets would be available for purchase on TravelX’s platform. Beginning April 11, the process will repeat every two weeks. Proponents believe Air Europa’s partnership could boost Algorand adoption.
Users buying Algorand collectibles will board a special flight between Madrid and Miami. This flight on November 29, 2022 would carry users to their destination. On presenting their collectibles, users can claim flight tickets from Air Europa.
In mid-2021, Algorand price suffered a consistent drop below the red monthly support, and formed a bottom before closing above it. Analysts believe in a bearish scenario, Algorand price could close above its support at $0.50.
Analysts have evaluated the Algorand price trend and predicted a rally in the altcoin. @kingthies, a leading cryptocurrency analyst observed the chart and revealed that Algorand vs Bitcoin reminds him of the cyclical BTC price trend. According to the analyst, Bitcoin price increases at a minimum two times a year, cyclically.
The analyst believes it missed February 2022, and the high is now due, therefore predicting a move up in Algorand.
NFTickets function as traditional NFTs and are individually rare. When traded, transactions are recorded safely and securely on the blockchain. When ready to use, the owner can present the NFT and a matching flight ticket will be issued. The TravelX and Air Europa NFTickets will offer buyers an opportunity to hold a piece of travel industry history and participate in the first-ever blockchain-backed flight.
The NFTicket series titled, “The Art as the Destination,” is being curated by Ximena Caminos, who commissioned acclaimed multi-disciplinary artist Carlos Betancourt for the first piece.
“Artists are intrigued by discovery, exploration,” said Betancourt. “The same is with technology. With this piece, I’m experimenting with the boundaries of art and technology. The animated artwork is inspired by concepts of space, magical realms and travel experiences, as well as by the memories and feelings these experiences evoke.”
“It’s very exciting to give birth to a new kind of NFT, minted on Algorands carbon-negative blockchain,” said Facundo Diaz, Co-Founder of TravelX. “We will blend the best of the traditional NFT, but add real-world application and experience. This provides a better flight ticket that travelers can easily manage and trade from their blockchain wallet, combined with a new kind of collectible art piece. We believe NFTickets will be the perfect fusion of art, travel, and technology.”
