The Travel Industry Might Be The Latest Example of True NFT Utility

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From the time that the term “NFT” started to hit mainstream news platforms, it became a subject of great interest.  There was wide speculation on what these NFT’s could do, whether they were a fad, a revolution, or a farce.  There was a tremendous amount of misunderstanding in terms of what an NFT can and cannot do, with many a comedian stating that you could skip the buying part of the art NFT by simply taking a screenshot.  Many wondered, and still do, exactly what “fungible” really means.  However, despite the chaos at the level of the public consciousness, there was a lot of activity happening with NFTs, with investor interest, and with use cases.  While the most common use case we’ve seen, the so-called “art NFT” has dominated the market, there has been an effort by many researchers and entrepreneurs to better understand the attributes of an NFT in order to see what other utility they may hold.  The NFT fad/bubble somewhat tarnished the reputation of the concept at the mainstream level, but as the dust has settled we’ve seen new and fascinating uses of a unique, on-chain artifact that is owned by an individual.  Let’s examine a specific use case that can use the NFT vehicle as a way to gain continuous investment by applying it to the travel industry.  We’ll examine the set up, pros and cons, and explore one of the pioneers for this use of NFTs: Arakis.  

NFTs are incredibly versatile.  An NFT can represent ownership of something else, it can be a collectible of its own, and it can act as a representation of privilege, giving access or rights to some benefit.  This last use