In a tweet on Monday, Algorand announced that Air Europa and TravelX have partnered to launch the first nonfungible token (NFT) flight series ticket on its blockchain. The NFT ticket will give access to a special Air Europa flight to Miami this November, Algorand added.
Air Europa is one of the leading Spanish airlines, while TravelX is a blockchain-based distribution protocol for a secure, frictionless, efficient and profitable travel industry.
Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network".
ALGO is trading at $0.7367 at press time, up by more than 1% in the last 24 hours.