MakeMyTrip has reportedly launched a limited edition, non-fungible token series. As the digital collectibles will be based on Indian landscapes, the profits from sales will support the local tourism sector.
Join the NFT Universe
Business Today recently reported that MakeMyTrip, an Indian travel agency, is the latest to enter the NFT arena. Non-fungible tokens were created by the company to celebrate India’s natural beauty in places like Goa Kashmir, Kerala Rajasthan, Orissa, Orissa, and many other areas. The artwork includes not only popular tourist spots, but also many other unexplored sites.
NFT series coins are minted on the Polygon Blockchain and are designed using Al Generative Adversarial Networks. The collectibles are available for purchase through MakeMyTrip’s website, or via an app. Prices start at $195 for a single NFT. Sunil Suresh, Group Chief Marketing Officer at the company, commented on the initiative.
We are giving travel enthusiasts the chance to own this digital beauty like never before.
MakeMyTrip was founded in 2000 and is one of the most popular travel companies in India. It offers online services such as airline tickets, international and domestic holiday packages, hotel reservations and transportation tickets. Its headquarters is located in Gurugram (Haryana). The firm also has international offices in New York City, Dubai, Phuket and Bangkok as well as Singapore and Kuala Lumpur.
MakeMyTrip, a publicly traded company, trades on NASDAQ under ticker symbol MMYT. A single share of MakeMyTrip costs approximately $21 at the time this article was written.
Ukraine’s NFT Endeavors
Non-fungible tokens and cryptocurrencies have been a major feature of the conflict between Russia and Ukraine. Many individuals and businesses donated digital assets in aid of the defense of the other, while others created NFT collections.
This is Wladimir Klitschko, a boxing legend. The former champion heavyweight boxer teamed up with WhIsBe to launch the initiative. “Dr. Steelhammer, as his nickname is, pledged to donate all proceeds from sales to Ukraine for its current defense against Russian forces.
Klitschko said that art can be beautiful when it serves humanity.
The Ukrainian government also revealed its intention to use non-fungible tokens to portray its war against Russia. Alex Bornyakov, Deputy Minister for Digital Transformation, stated that the artwork would function “like a museum about the Russian-Ukrainian War.” He also promised that the government would use the profits to purchase defense equipment and funds media activities.
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