LIFE Group Holdings, Inc. today announced the launch of an online booking platform offering hotel reservations which will be digitized and converted into tradable, collectible NFT's. Based on AI now servicing a large online travel agency, LIFE will launch with discounted prices on millions of hotels globally.
NEW YORK, Oct. 31, 2022 /PRNewswire-PRWeb/ -- LIFE Group Holdings, Inc. today announced the launch of an online booking platform offering hotel reservations which will be digitized and converted into tradable, collectible NFT's. Based on AI now servicing a large online travel agency, LIFE will launch with discounted prices on millions of hotels globally. LIFE will be the first platform to make large volumes of hotel bookings available for trading on secondary markets, just as baseball or Broadway tickets are today. By creating liquidity in bookings, both hotels and travelers will get more flexibility and an improved booking experience. Users can pay via credit or debit card, and crypto payments will also be accepted.
"Travel and entertainment are ripe for disruption by the blockchain. It enables travel reservations and event tickets to be tokenized and traded securely and seamlessly. Hotels will welcome LIFE since it helps them solve the problem of high cancellation rates by creating bookings that can for the first time ever be traded on secondary markets rather than canceled when travelers' plans change," said Eduardo (Eddie) Ibañez, Scientist at LIFE and former Chief Scientist at Priceline.
The LIFE announcement comes on the heels of the recent acquisition of blockchain technology from Velocity Ledger by Ibañez and his team. Other co-founders include Shawn Sloves, CEO of Velocity Ledger, and David Shuler, cofounder of Y2X, Inc. The team works with coders in Ukraine to build out the platform.
"The business opportunity is enormous. Online travel alone is a $433 billion market today and is estimated to exceed $2 trillion by 2028," said Shuler. "We will create tradable assets from bookings that currently have no liquidity."
"LIFE is a destination marketplace offering travel and related products at prices at better rates than even hotels can offer. Using NFT s representing stays in hotels, or tickets for movies, concerts, and other events, LIFE lets travelers showcase where they've been, where they are, and where they're going, and allows them to trade those bookings on an open marketplace. LIFE will revolutionize and democratize travel," Ibañez added.
Account Registration is open. Get a chance to get a Passport NFT early; bookings and trading will start soon.
Media Contact
Orlando Camargo, Life Rewards LLC, 1 9177279575, [email protected]
SOURCE Life Rewards LLC
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