Latvian airline airBaltic has announced that it will become the world’s first airline to issue non-fungible tokens (NFT). The airline will release limited collectible NFTs showcasing a customized Airbus A220-300 with its registration, as well as a work of art from one of the most beloved Latvian cities for promoting tourism and Latvia in the world.
Martin Gauss, CEO of airBaltic: “Blockchain technology has proven to be durable. As the first airline to accept Bitcoin as a form of payment, the next step in blockchain technology for us is to offer non-fungible tokens. NFTs are not only used for digital art transactions, but can also be expanded to concert tickets and other unique one-off pieces, including airline tickets. The release of limited collectible NFTs will serve as a tourist campaign for Latvian cities, which, of course, still remain an unknown place for many.
In 2018, in honor of Latvia’s centenary, airBaltic invited everyone to vote for their favorite cities in Latvia, after which the Airbus A220-300 fleet was named. Starting in Kuldiga, these cities will be featured in digital artwork produced by airBaltic one after another.
The initial phase-out of the first limited NFTs by airBaltic will be announced at the end of April.
airBaltic is known as an innovative airline among international carriers. In 2014, airBaltic became the first airline in the world to accept Bitcoin payments for its flights. Now, in partnership with service provider BitPay, airBaltic also accepts other cryptocurrencies such as Bitcoin Cash, Ether and Dogecoin, among others, for bookings made on its website.