Just in time for summer – get NFT tickets for maximum flexibility
It’s been a wild month for Ether (ETH-USD) and most other cryptos, to be sure. Yet even as prices have struggled, Ethereum is still getting plenty of action for its most popular use case: non-fungible tokens (NFTs).
In fact, it’s been a record month for Ethereum NFT sales, according to Cryptoslam!
May brought us the launch of the Otherside metaverse – created by Yuga Labs of Bored Apes fame…but built to be interoperable with other popular NFT collections. When Otherside dropped on May 1, Ethereum saw $619 million in NFT sales volume that day alone!
Outside of that, NFT marketplace sales in May are way off their highs from January, although monthly NFT sales are still holding well above 2021 levels, reports The Block.
As for Solana (SOL-USD), NFT sales there briefly beat out ETH NFTs on Tuesday, when Solana got its own version of Ethereum’s Mutant Ape Yacht Club.
This is the context for a fantastic use of NFTs that seems to be gathering steam as we move into vacation and conference season: NFT tickets.
These NFTs don’t just come with cool art (although beauty is always in the eye of the beholder)… They come with a hotel room or event entrance – often a VIP pass.
Most importantly, NFT tickets offer perks that ordinary ones just don’t have. Let’s take a look.
Hotel Room NFTs on Pinktada
On Tuesday, The Wall Street Journal ran quite a glowing feature on an NFT startup – probably because it has nothing to do with digital art of monkeys or owls:
“Some resort owners think they have found a way to avoid getting stuck with excess inventory when guests cancel at the last minute.
“It involves converting room nights for sale into nonfungible tokens, or NFTs, that can be bought or sold by hotel guests, similar to the StubHub market for concert and sporting event tickets,” writes WSJ’s Peter Grant (who normally covers business and real estate, not Bored Apes).
