Event: 2022 Phocuswright Conference
Product: NFTicket
HQ: Miami, FL U.S.
Principal(s): Juan Pablo Lafosse, CEO & Co-Founder; Facundo Diaz, Co-Founder
Funding: $11.5M October 2021
Product Description: TravelX enables airlines to distribute tickets as Non-Fungible Tokens (NFTickets). The NFTicket is tied to blockchain technology, providing a network for secure, traceable and self-serving, decentralized transactions.
NFTickets are tradeable and transferable, unleashing endless possibilities of ownership and flexibility, for travelers; while simultaneously enabling servicing cost reductions, revenue share and upsell capabilities for airlines.
NFTickets can be distributed from Peer to Peer (P2P) through social media platforms and multiple other channels, unlocking a new era of retailing and distribution.
The NFTicket is held and managed within a customizable NFTicket wallet.
Business Model: Tokenization and transactional fee
Competitive Edge: Decentralizing and enabling retailing distribution through blockchain technology driving cost efficiencies around servicing and a more seamless customer experience.
Market Opportunity: Directed by an experienced team that has founded important travel and technology companies such as Almundo, Avantrip, VRtrify and ASATEJ, TravelX uses blockchain technology to tokenize airline’s inventory, generating a more flexible industry for travelers and more revenue for airlines.
Early Customers: Airlines and travel suppliers
