Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
SolidBlock Offers NFTStays as a Booking Tool for US Hotel Industry
SolidBlock | | Jun 9, 2022
SolidBlock is making history by being the first company to offer NFTs as a booking tool for the hotel industry in the United States.
Launched in May 2022, NFTstays is a reservation system that enables hotels to increase their revenue and occupancy rates by tapping into the lucrative NFT market and allowing guests to book their stays with NFTs.
When hotels work with NFTstays, they mint a specific number of NFTs that include a package deal of night stays and exclusive perks and benefits. The platform uses blockchain technology and creates a new way to grow brand awareness and expand publicity for hotels. Specifically, this technology removes the difficulty of compensating guests for unused rooms by giving guests the ability to resell with ease the NFTs with their reserved night stays.
See: FFCON20 Week 8 Fintech Draft Finals: Congratulations to the Winners! SolidBlock and DivDot
The hotel’s collection of NFTs is currently housed on the OpenSea platform and will soon be added to more NFT marketplaces. The NFTs each contain unique art and photos of the hotel and are redeemed using the hotel’s existing booking system, making it easy for hotels to incorporate NFTstays into the booking process. No additional technology is required.
The first hotel to use SolidBlock’s NFTstays platform is the NoMo Soho, owned by Sapir Corp, Ltd., and one of Sapir’s flagship properties. The boutique hotel, located in the Soho neighborhood of Manhattan, has been trending on Twitter since Sharon Raz, the CEO of Sapir was interviewed by Reuters News:
We are creating a new reality in the hospitality arena by providing an innovative and attractive experience to our guests. Making the connection between tangible services and intangible assets is an initiative which we intend to continue to develop.
See: UK Court recognizes NFTs as ‘private property’
As @NateNFT, one of the first purchasers of the NFTs, expressed on Twitter:
Just bought an NFT to book my hotel stay in NYC and I’m never going back to the old way!
SolidBlock CEO and Co-Founder Yael Tamar:
The NFT market will grow and shift to utility solutions. SolidBlock is reframing how we use NFTs by creating practical use cases to bring unique value to the hospitality sector and its guests.
Continue to the full article --> here
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