Global Tourism Start-Up LynKey Announces Blockchain and NFT Solutions for US$8 Billion of Smart Tourism and Property

(Asia) LynKey, a global platform that powers luxury resort and vacation properties with blockchain, AI, non-fungible tokens (NFTs), and Metaverse tech, launched a project aiming to tokenize and offer NFT and Metaverse solutions for over US$8 billion dollars worth of travel and tourism properties.

The idea of real estate tokenization first came into public awareness when TechCrunch founder Michael Arrington purchased the world's first blockchain-backed apartment on Propy in 2017. In 2021, Arrington sold the Kiev-based apartment for 36 Etherium.

Lynkey is working on taking digitization of property and tourism to heights never before seen. LynKey has started to digitize luxury tourism resorts, hotels, and properties in Vietnam, and will later add multiple other destinations. LynKey, a Singapore-based blockchain smart tourism and property tech start-up, is creating a blockchain-powered token marketplace and ecosystem that is tokenizing over US$8 billion dollars worth of properties in total at launch!

LynKey's objective is to tokenize all aspects of property development — purchases, leases, land use, and related tourism entertainment — into an international blockchain-powered ecosystem. It envisions connecting people around the world with the best of property tech and premium smart tourism experiences like resorts and cruises with NFTs and Metaverse AR and VR solutions.

A pioneer in smart tourism and real estate, LynKey was created by a team of international industry personalities. LynKey's solutions make travel rewarding in every way - the platform optimizes timesharing, prepaid leasing, or licensing of property-based experiences geared towards tourism, while offering an exclusive reward system for its users.

With a global blockchain token marketplace ecosystem and community, LynKey efficiently overcomes the need for non-necessary intermediaries, empowering its users to explore the ecosystem that offers real-time solutions and soon, metaverse experiences.

"Using NFTs and Metaverse solutions with AI data-driven protocol sets, we are creating clear digital transformation solutions for the travel and entertainment space with smart tourism and property tech that can help these industries in new solutions to empower these global industries. LynKey connects the global audience with a Blockchain-powered platform and a token that empowers an ecosystem for time-sharing using NFTs as a digital certification, and reward solutions at premium luxury tourist spots," said Dinis Guarda, founder and non-executive Chairman of LynKey.

Moreover, Cindy Tran, co-founder and Chairwoman of LynKey, commented, "Despite globalisation, Covid challenges in the tourism and travel industry persist. Blockchain and NFT technology can address and resolve these issues. Most global travelers or property buyers have to deal with local currencies, lack of transparency in buying or leasing property and timeshares, and losing money to high exchange fees or worse. A consolidated marketplace and token solution will solve many of these issues."

While property businesses, companies, and cities need potential clients to thrive, there is also a dire need for this industry to catch up with current technological advances.

With global tourism forecast to reach a US$1.3 trillion mark by the end of 2021, LynKey mitigates a majority of problems plaguing the travel industry.