Turismo
New Global Tourism And Property NFT Marketplace By LynKey Aims To Innovate The $12 Trillion Property And Leisure Industries
The revolutionary potential of NFTs is down to its unique features: they are like certificates of authenticity that one receives when buying a digital asset (or a digitized asset). These are traded in marketplaces, and range from digital artwork to exclusive experiences, and even the certification of land ownership.
"NFTs provide an essential building block for the creation of the digital world. They offer a ubiquitous means to securely share ownership, access, and use of a unique set of data. As such, NFTs are then a key enabler of digital transformation and a much-needed invention, enabling us, for the first time, to certify an ever-expanding digital ecosystem on which we are increasingly dependent," said Dinis Guarda , Co-Founder of LynKey.
Property and tourism are great examples of how NFTs are transforming entire industries. Land is divided into different properties. Each property has a clear boundary, and its title comes with certain rights and obligations. The property may have buildings or permissions to build them, each of which will also have its own set of permissions and licences. Properties are bought, leased, and sold. As assets, they generally have a different dimension of value, as land, for their rights, such as mineral extraction, and their potential use, such as commercial use, and they need insurance against certain risks.
Using NFT and blockchain technology, buying and selling a given property becomes a significantly more straightforward, quicker, and cheaper transaction. And their potential goes beyond that. Where NFTs have started to enable the capture and leverage of a broader range of value with virtual assets, the same is true with property, potentially also extending the identified value related to a property that can be bought and sold.
On the side of Tourism, business and leisure travelers can now fly to locations all over the world and finalize the details of their trip from a smartphone. It's safe to say that travel has come a long way from paper records and the cumbersome process of reservations and itinerary management using smartphones to do these tasks.
However, there are still obvious challenges of the tourism and property industry that persist. Global travelers, for example, often must deal in local fiat currencies and lose money to high exchange fees, they cannot personalize their experience, or even sell, modify or cancel their "trip".
NFTs and blockchain can speed up the digitization process and tackle these challenges along the way. They allow for digitally enhancing and gamifying experiences and providing utility through loyalty and rewards programs, games, registration and booking incentives, storytelling, event access, and more.
A marketplace is the actual place where NFTs are bought and exchanged. Consider a situation where a large piece of virtual land is fractionalized and is available for sale. When a person buys a particular fraction of this property, it is in the form of an NFT. This means that the owner will receive a specific number of tokens that represent the percentage share in the asset (land). Now, these NFTs could be minted at a marketplace for many reasons- leasing, licensing, or even timesharing. Similarly, NFTs can be created for unique tourism experiences.
LynKey is becoming a pioneer in this NFT revolution of the Property and Travel industries. Building on that vision, LynKey aims to transform smart tourism, property management, and timesharing, starting with their own token, LynK, which is available on Uniswap; and a new NFT Marketplace.
said Jason H. Jang , advisor and blockchain NFT strategist at LynKey.
LynKey's NFT marketplace offers a platform where new NFTs can be created for countless unique experiences and tokens can be exchanged for those that are already existing. The marketplace will keep the NFT value guaranteed by an actual product from the providers. It is committed to being converted 1:1. A key feature that reinforces LynKey's commitment towards creating a property and tourism markets to be more transparent and digitised, minimise legal procedures, and not be geographically restricted among the countries where Lynkey operates.
LynKey's NFT marketplace harnesses all the potential that NFTs hold to transform entire industries. The company will hold an offline event in Vietnam to introduce its global tourism and real-estate NFT marketplace as it continues to expand its ecosystem. On 29th June 2022 , the blockchain-centred platform will take its efforts to Ho Chi Minh City, Vietnam . The primary aim is to drive blockchain adoption and tokenize the Real Estate and Tourism industries, enabling greater user experience.
said Cindy Tran , LynKey's Advisor.
LynKey is a 4IR (Fourth Industrial Revolution), all-in-one utility ecosystem that offers unique blockchain-powered solutions for property booking, investment or property rights to use, time-sharing in resorts, hotels, marinas, holidays, other related services, and utilities. LynKey's new NFT marketplace is the first of its kind to offer digitised timeshare real estate and tourism solutions, improving customer retention and satisfaction.
By building the first crypto ecosystem in the tourism and real estate industry, LynKey offers robust solutions to handle obstacles that are preventing the growth of the industry. The first milestone for LynKey is the creation of NFT products, such as hospitality products, tickets, shophouses, penthouses, villas, yacht services, etc., that meet the needs of partners and customers in this industry.
LynKey envisions tokenizing the Real Estate and Tourism industries globally, bringing together a community of property developers, buyers, and sellers striving to provide the best, most secure property solutions, resorts, and premium tourism experiences.
Contact:
Hernaldo Turrillo
hernaldo.turrillo@ztudium.com
+44 (0)7751 667277
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