The Ticket 3.0 system, which aims to revolutionize the way travelers interact with air travel, has been introduced by Flybondi in collaboration with TravelX. This cutting-edge NFT ticketing solution, built on the Algorand blockchain, enables passengers to modify their ticket details, transfer or even resell their “NFTickets” independently.

Flybondi emphasizes that the NFT ticket offers a more flexible travel experience, as passengers can purchase tickets in advance without specifying travel details or the identities of travelers. This approach helps the airline to minimize customer service expenses and increase revenue from trading fees.

Passengers can purchase tickets on Flybondi’s website using traditional currency, and TravelX issues an NFTicket together with a standard e-ticket. Passengers can then manage and store their NFTickets through Flybondi’s Ticket 3.0 account. The airline integrates ticket-related regulations and conditions into the NFT’s smart contract.

Flybondi CEO Mauricio Sana said in a press release that the system aims to create a positive impact in the aviation sector through technological innovation and blockchain implementation. TravelX’s Chief Blockchain Officer, Facundo Martin Diaz, revealed that more than 60 airlines around the world are currently exploring potential applications for NFTickets.

TravelX has been expanding its influence in the airline industry, having collaborated with Spanish carrier Air Europa to release NFT tickets with exclusive benefits and events in April 2022. In October 2022, Latin American cryptocurrency exchange Lemon integrated TravelX into its platform, enabling users to purchase and sell airline tickets. The company has opened its infrastructure to other exchanges or marketplaces by providing access to the TravelX API.