Takyon, an Italian company, has released a new product that uses NFTs to represent bookings. The startup aims to alter the way customers think about travel fundamentally.

The process will be centered on resellable rates. A resellable rate enables the guest to sell and transfer it if they are unable to use their reservation. This new product has come into existence in the current economic climate, which is full of adjustments and uncertainty.

The company creates a nonfungible token representing the property when a guest books a resale-rate room. Because it is an NFT, it can be securely and verifiably transferred to any user anywhere else in the world. This is true even if neither party is acquainted with the other.

Hotel reservations for the NFT

Takyon is a forward-thinking startup founded by three young entrepreneurs: Antonio Picozzi, Giuseppe Monteleone, and Niccol Francesco Marino. The goal is to transform the Italian travel booking market. The company has amassed 5,000 Instagram followers and over 1.3 thousand website visits in just a few days since its inception.

Takyon aspires to be the tool for booking stays and experiences through NFTs, ensuring travelers' flexibility, sustainability, and uniqueness.

By discarding the buyer's name and allowing the reservation to be resaleable, the firm can convert it into a digital asset (NFT). They create a resale rate, which is a non-refundable prepaid booking fee while doing so. It charges, on average, 20% less than the standard refundable rate.

New concepts are required

Takyon's CEO and co-founder is Antonio Picozzi. He claims that travel services, and thus hotels, require a new framework that facilitates the same features that have been performed for years. NFTs, according to Antonio, are the missing component of the puzzle.

Giuseppe Monteleone is the startup's CMO and another co-founder. He prefers to discuss benefits rather than changes.

For speculators, there may come a time when you can purchase a vacation package up to a year in advance. Then you could sell it to people who are willing to pay double to safeguard a trip even though they weren't structured a year ago.

Do you think that this will become a popular way to book hotel rooms in the future? Drop your comments by sharing this article on social media.

Oct 20, 2022
Digital Lifestyle

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