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The Future of NFTs: What Are NFT-Based Travel-Loyalty Programs?

Today, the world sees the latest development in disruptive blockchain technology innovations: the brand new NFT flow is spreading around the globe at the speed of light. Some NFT owners earn millions, while others make careers and grow new businesses, and invest in potentially lucrative products.

The current NFT market is estimated at $41B and will reach $190B in 2026. The market is anticipated to witness a healthy growth at a CAGR of 35.27% during the forecast period. This increase is explained by the growing demand for digital works of art. However, uncertainty in the NFT market may have a negative impact on market growth in the coming years.

With NFTs at the development stage, everyone can track and benefit from these modern technologies. NFTs have already been introduced in many areas of our daily lives, and now NFTs are becoming part of the travel industry.

However, NFT technology can also be used to support customer loyalty programs, exclusive club memberships, and way more. Today, NFTs are becoming one of the modern trends in tourism marketing that companies should pay attention to.

While NFTs in the travel industry are still a new phenomenon, some global and local brands are already taking advantage of them. Car rental services, hotels, airlines and many other players of the travel market around the world have already joined the big game. Let’s have a look at the opinion of the travel expert.

– NFTs are the technology of the present. Miles and other rewards points were invented many decades ago and are not protected from inflation nor can be easily transferred. NFTs have not gained a massive following yet, but they are already a powerful tool, which, with some imagination applied, can be used in many aspects of life. Our NFT token is not only a pleasant collectible, but a useful source of rewards in journeys and wealth growth. Our NFT loyalty program makes it possible for customers around the world not only to collect and sell their token collections, but also to benefit from our loyalty partners. It is a new product that produces profits while saving money. Software as a service NFT for loyalty programs is the nearest future of loyalty programs development – says Alexander Pershikov, the founder of GetExperience.com.

Like most of today’s entrepreneurs, Alexander began to develop his business offline. However, today, he uses Artificial Intelligence and NFT tools to develop his business in the metaverse. Our service allows you to travel in the real world and beyond it, into the online and meta worlds — be it video games or metaverses. This is a new type of travel that doesn’t require any physical movement, and we decided to provide our clients with this opportunity.

It all started with the idea of a marketplace as a platform for sharing travel activities and experiences. GetExperience has allowed the locals to offer private tours and the experiences which were not provided either by travel agencies or entertainment managers or offer them at better prices. That is why this collaboration between the locals and potential clients has automatically become a win-win situation for both of them. The clients have a chance to discover something new, and the locals get a new source of income.

While the metaverse and NFT space were rapidly developing during the worldwide pandemic, the company faced a challenge to combine real travel and new information technologies. As a result, we can see the integration of NFT-arts and artists into metaverse experiences on the platform. Today, the service offers both real excursions and private experiences around the world, as well as activities in the metaverse. Moreover, GetExperience.com is the first sharing service to showcase the world’s first artwork to combine traditional art media with innovative NFT technology.

The concept of NFTs in the business travel industry is inextricably linked to blockchain technologies that are growing. For example, blockchain can be used for secure payments, building customer loyalty program platforms and identification of clients. Today, NFT helps to build the next generation of loyalty programs and passports for authentication throughout the travel journey.

NFT travel marketing is still in its infancy, but as NFT technology and use cases expand, such promotional activities are likely to spread more widely. NFTs are an emerging technology, and although use cases are limited today, there is great potential in this space when it comes to uplifting the traveler’s life cycle.

Nevertheless, today we can observe how these modern technologies change the familiar world by adapting it to the customer.

What does the travel industry expect from the NFT market? The experts said it would be one of the most impressive shifts in the global travel sector since the NFT is getting integrated into travel mobility services. NFT exhibitions hosted by worldwide famous hotels, brand new travel loyalty programs – what’s next? The expert explains who is going to profit the most from this digital integration.

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NFT News Today has no responsibility for any content published as guest posts. The content is provided by the publisher. This article is educational and you should always do your own research before investing. If you would like to submit an article - please contact us.

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