Current Situation
Monetization of virtual assets through nonfungible tokens has gained traction in several industries, including hospitality. Operators must continue to think about and establish selling “proof of ownership” or certification of the NFT in these early days.
Goals and Objectives
Establish best practices for sales and management of NFT products.
Technology Deployed
Cloud, databases, server technology, and blockchain
Use Case Summary
Hospitality operators can manage and sell NFTs that certify ownership of virtual goods, events, or real estate such as digital avatars, digital gifts, digital products usable on third-party platforms such as games, digital event tickets, digital platform currencies used within games, or digital universes and more.