NFTs signal the latest evolution in blockchain-based assets, moving beyond cryptocurrencies, stable coins, governance tokens, and utility tokens to provide users with a new kind of digital asset with innovative models of ownership and distribution.
In this article, you will learn about the NFT integration in AirTnT but before that, let’s know what NFTs are and how it works.
What are NFTs?
NFTs are unique digital assets that can be used to transfer ownership of digital content, such as images, videos, and music. They are not replaceable by another token. Each NFT is unique and has its value. Consider an NFT to be a piece of real estate. Unlike two identical dollar bills, two pieces of property are not similar in value. They both have distinguishing characteristics that make them more or less expensive. The same can be said of NFTs.
How do NFTs Work?
NFTs exist on a blockchain, a public distributed ledger that records transactions. All NFTs can be stored transparently by leveraging the publicly distributed, immutable nature of blockchains, allowing anyone to check the authenticity of any NFT at any time.
NFTs also have sole ownership rights. That’s correct: NFTs can only have one owner at a time. The unique data of NFTs makes it simple to verify ownership and transfer tokens between owners. They can also store specific information by the owner or creator.
By “minting,” which is the process of creating a representation of a file on a blockchain network, content producers can create NFTs. These decentralized networks can maintain unchangeable records that trace each asset’s purchase and sale and the owner at any given time.
An NFT can be bought, sold, or exchanged once minted. The record of ownership cannot be modified without the current owner’s consent, even if a copy of the underlying file is made. Despite the complexity of the technology, the records are typically safeguarded by the same process that gives cryptocurrencies their value by preventing a single token from being replicated and used in many transactions at once.
AirTnT NFT Integration
The social network (SocialFi) integrated into AirTnT is a WEB3 platform with NFT integration.
The application is integrated with a technological social network model, and users can easily share their travel experiences in the form of photos, reviews, and user guides and connect with other travel experience providers through suggested channels within. In addition, users can also pack beautiful images and share content, and people can mint them afterwards and assign it to an independent NFT. This NFT can be freely bought and sold on AirTnT’s marketplace or can be shared with other users.
In this social space, when a user chooses a location anywhere or where they are standing, the AirTnT platform will start distributing content, images, and travel plans right near where that user intends to go. From there, travelers can explore and choose the most reasonable and exciting travel plan.
About AirTnT
AirTnT is a mobile application for travel social networks built on WEB3 with an emphasis on platforms that connect people who need to travel with people who want to share, providing products and services; tourism products (individuals, organizations). AirTnT changes the future of travel by creating a new revolution in travel data sharing and connecting individual providers and service organizations providing travel products to the community.
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