The United Arab Emirates national airline, Etihad Airways, is soon to expand its Polygon-based EY-ZERO1 NFT collection, providing holders with priority check-in, lounge access, and the ability to stake for miles. However, adopting blockchain technology might potentially alienate some customers unfamiliar with cryptocurrencies and NFTs.
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Unraveling the NFT Downtrend: Are We Witnessing a Cooling Off or Market Maturity?
“A recent report shows a 41% fall in NFT trading volume in Q2 of 2023, indicating a possible dwindle in interest. Despite this downturn, Polygon NFTs have shone. The aviation industry is also exploring blockchain, with Etihad Airways planning a Web3 loyalty program. While downturns can bring uncertainty, they also promise evolution and future possibilities in the digital realm.”
Blockchain Revolution: How Web3 Transforms the Travel Industry and Enhances Customer Experience
Executives from Lufthansa and Eurowings discuss the potential of travel-centric blockchain Camino Network, highlighting the benefits of decentralization and tokenization in enhancing transparency and improving customer experience. As the travel industry embraces Web3 technologies, companies explore use cases such as metaverse-inspired virtual experiences and NFT-based ticketing systems.