Airlines Are Using NFTs For Tickets

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• ENS domain sales continue to make headlines with Patriots.eth being sold for 75 ETH.

• After the amazing sellout of Multibeasts by the Haas Brothers, the team announced their physical infrastructure for their web3 community. Check out the video of the studio being built here.

• Creators of Goblintown launch Truth Labs Marketplace Beta. (marketplace)

• The Hollywood animation studio ThreePointZero helps Kiviverse NFT trade at over 6000% with the announcement of their first cartoon. (MarketWatch)

• A couple of the new Reddit NFTs sold for nearly 5k each. (beincrypto)

• Singer Vassy drops music collection on music NFT platform RCRDSHP. (@coinshotsglobal)

• Coinbase innovates with the release of Coinbase Cloud, a platform for Web 3 developers. (coinbase)

• The piece Yin Yang by world-renowned animator @deekaymotion sold for 118ETH. (@deekaymotion)

• Rank 1 of ABC by HGESOL sold for a record of 501.23 SOL. The wallet that purchased rank 1 turns out to be the largest holder of the collection. (@ABCsalesbot)

NFT Ticketing Expanding To Airlines ✈️

Since the inception of NFTs, issuance and validation viability have been just a few things that experts have had a keen eye on when analyzing the future of tickets. Not only does it make sense for NFTs to be valid forms of tickets due to proving ownership so effectively, but we’re seeing that the blockchain can also do more than just issue a ticket.

Partnering with TravelX, Argentinian budget airline Flybondi is now giving passengers the option to purchase their flight tickets in the form of NFTs. At the current time, TravelX’s marketplace offers around 2.5 million tickets in the form of what they call, NFTickets. The platform is built on the Algorand network, which is regarded as being one of the most secure blockchains in existence.

But what makes this ticketing platform extra special is the ability to do clever things with your tickets. You have the ability to trade them, transfer them, gift them, or even exchange them in a peer-to-peer exchange interface. This means that you don’t have to deal with American Airlines customer service if you want to change your flight. This means that if you can’t go on a trip, you can just change the name to your friend’s name and they can fly in your place. This means that you can buy a ticket for Buenos Aires and switch it with someone that was supposed to fly to Cordoba. This changes the ticketing game entirely. Pretty soon, we’ll see this expanding to more regions and more countries. This is the future of ticketing. Not just airlines. Everything. WAGMI.

Solana's Big Past 3 Months 📈

According to data from Santiment, Solana saw an increase in activities on the network amidst drawbacks from network outages and macroeconomic conditions. There has been a 105% spike in the network's social media mentions and over 150% in its social engagements. Major developments and upgrades have hit the ground running in the last three months too as Solana remained steadfast in their efforts to improve the network and the ecosystem. Recently, the network has seen rapid growth in daily NFT volume following the yOOts NFT mint, it (Solana) broke its previous all-time high in daily NFT volume with 344,000 SOL making it the highest so far.

In the latest report, blockchain analytics platform Nansen provided insights into the overall performance of Solana between 1 April - 30 June. The network saw an increase in active accounts from around 400K to nearly 1M between the early days of April and the end of May and by the end of the second quarter, there were over 1M daily active accounts on Solana.

The report also shows Solana had significantly more transactions compared to Ethereum with the daily transactions on Solana growing progressively between the 91 days under review. Although a decline was seen in other transactions at the beginning of April, the biggest transactions on Solana in the quarter were vote transactions, totaling around 100M to 200M per day.

According to Nansen, the general price decline in the market contributed to users paying less gas fees to process transactions on Solana in Q2. The full report is here, you should give it a read.

Onboarding Is A Group Effort 🫡

During the last Super Bowl we saw FTX and Coinbase use the prime time moment to normalize further the concept of crypto to the general public. Well-executed marketing onboarded thousands of fresh faces to the Web3 world. During NYFW, Tommy Hilfiger's team implemented a mechanism for audience members to seamlessly acquire NFTs by simply scanning a QR code, removing any esoteric obstacles like having to create a wallet first and things like that. In a novel and what appears to be an effective format, MoonPay will be using the ground of Universal Studios to ring in new hoards of people to the crypto fold. The basic philosophy underlying MoonPay’s approach is that newcomers don’t have reason to adopt Web3 unless there is some incentive and the mechanics are painless. Using its HyperMint platform amusement park goers will only have to scan QR codes placed throughout the park to acquire the seven different NFTs issued for this partnership.

Not only do users stand to benefit from the additional engagement experience but the mechanism will also demonstrate how the institutions that adopt similar protocols can acquire additional data about dedicated individuals. This of course is not entirely great news, we’ve seen a similar intention with the likes of TicketMaster’s structure where they will distribute NFTs to qualifying ticket purchasers and these issuances will allow them to cash in on the particular data of the proof of attendance. While proof of attendance NFT mechanisms seem to benefit the NFT distributor more than the r

Sponsored Content: No content in today's article was sponsored.

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Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.

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Gannon Breslin, Kayla Kilbride, CryptoVonDoom, Naveed Lalani, Alex Reed, Naman Patel, Big Tuna

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