11 April, 2021

airBaltic to offer NFTs.......

The Latvian government-owned airline airBaltic is all set to become the worlds first and only airline to issue the latest technological fad, non-fungible tokens, otherwise known as NFTs. 

The airline says it will issue a limited collectors special NFTs showing one of the carriers Airbus A220-300 with its registration as well as a piece of art depicting a Latvian city. The aim is to promote tourism to the region and open up Latvia to the world.

Martin Gauss, Chief Executive Officer of airBaltic: “The blockchain technology has proven to be here long-term. After being the first airline to accept Bitcoin as a form of payment, it is the next step for us in blockchain technology to offer non-fungible tokens. NFTs are not only used for digital art transactions but may as well be expanded to tickets for concerts and other unique one-time pieces, including airline tickets. The issue of the limited collector NFTs will serve as a tourism campaign for Latvian cities, certainly still an undiscovered destination for many.”

In honour of Latvia’s centenary, in 2018, airBaltic invited everyone to vote on their favourite towns and cities in Latvia, after which the company’s Airbus A220-300 fleet was named. Starting with Kuldฤซga, these cities will now one by one be represented on the digital art pieces issued by airBaltic.

The initial drop of the first airBaltic limited NFTs will be announced later in April.

airBaltic is well known as the airline for innovation among global carriers. In 2014, airBaltic became the world’s first airline to accept Bitcoin payments for its flight tickets. Now, in cooperation with service provider BitPay, airBaltic accepts also other cryptocurrencies like Bitcoin Cash, Ether and Dogecoin among others for bookings made on its website.

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