NFT

Thailand Explores "Travel-to-Earn" with Interactive NFTs

By visiting some of the country’s most iconic sites, tourists can earn free collectibles and various perks along the way.

NFT

Thailand Explores "Travel-to-Earn" with Interactive NFTs

By visiting some of the country’s most iconic sites, tourists can earn free collectibles and various perks along the way.

This exploratory Travel-to-Earn offering is an initiative spearheaded by the country’s Ministry of Tourism and Sports, and its biggest crypto exchange BitKub — alongside a host of other partners.

The offering is made up of two different collections, utility-based “Amazing Thailand NFT” (AMT) collectibles, and “YAKS NFT,” an art-based project.

Amazing Thailand x YAKS NFT

Taking tourism to another level, AMT tokens offer a new way to explore and engage with famous sites around Thailand — even for some of the most traveled visitors.

These utility-based tokens can be accessed by downloading the YAKS application and present themselves as QR codes to be scanned at each site. As you mint the NFTs, they’ll be distributed in two rarity tiers at random, with rares having extended utility.

Locations include the famous Wat Arun temple, the iconic Ancient City, the popular shopping destination Siam Square, the exciting China Town district, and several other locations.

Visitors who make it over to China Town should also check out Yaowarat Toasted Buns for a delicious treat but be warned, the line is usually around the corner.

Once you’ve gathered all the NFTs, you’ll be able to redeem them for various rewards and perks like discounts on rental car insurance, domestic flights, food, room upgrades, massages, and more.

Rare tokens from the AMT collection act as an allowlist pass for the second collectible offering, YAKS. Based on information on the website, these tokens are purely PFP art collectibles at the time but do feature a variety of rarities and traits.

To mint YAKS users should download the BitKub Next, the platform’s NFT wallet — for added fun, the tokens are revealed in a Japanese gachapon-style mint.

Thai Tourism

Based on information from the IMF, Thailand’s tourism sector, which makes up one-fifth of the country’s GDP and roughly 20% of its employment, was severely damaged by the Covid-19 pandemic.

At its low, the country’s GDP fell by over 6 percent, the largest contraction since the Asian financial crisis, and saw mass layoffs and business closures.

Thankfully, the tourist scene is beginning to thrive in Thailand again, with new month-over-month highs in arrivals, Q3 representing strong growth for GDP, and projections for over 10 million total visitors by the end of the year.

By utilizing blockchain technology, Thailand is continuing to bolster its tourism industry, as well as drive adoption to its native crypto platforms through local participation.

As if the favorable exchange rate, delicious food, tropical weather, white sand beaches, and shopping weren’t enough, tourists now have another perk they can add to the list of reasons for visiting the Land of Smiles.

In other news, the Macy’s Day Parade is making its way to the metaverse this year.

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