START-UP STAGE: LIFE Wishes To Transform Resort Appointments Right Into NFTs - PhocusWire

START-UP STAGE: LIFE Wishes To Transform Resort Appointments Right Into NFTs – PhocusWire

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LIFE

LIFE is an on-line reservation system offering resort bookings as well as experiences that will certainly be digitized and also exchanged tradable, collectible NFTs.

Founded in 2022, LIFE declares it will certainly be the initial system to make big quantities of resort reservations offered for trading on second markets.

What is your 30- 2nd pitch to financiers?

LIFE is an on-line reservation system offering resort bookings as well as experiences that will certainly be digitized as well as exchanged tradable, collectible NFTs. Based upon AI currently servicing a huge on the internet travel bureau, LIFE will certainly release with reduced rates on countless resorts and also experiences worldwide. LIFE will certainly be the initial system to make huge quantities of resort reservations offered for trading on second markets, equally as baseball or Broadway tickets are today. By producing liquidity in reservations, both resorts and also vacationers will certainly obtain even more adaptability and also an enhanced traveling experience.

Website

https://liferewards.ai/

Describe both business and also innovation elements of your start-up.

LIFE is a location industry offering traveling as well as relevant items at rates at far better prices than also resorts can provide. Utilizing NFTs standing for remain in resorts, or tickets for films, shows as well as various other occasions, LIFE allows vacationers display where they’ve been, where they are as well as where they’re going, and also enables them to trade those reservations on an open industry.

Give us your SWOT (Strengths, Weaknesses, Opportunities, Threats) evaluation of the business.

Strengths: AI innovation tailored for traveling, tried and tested crypto/NFT modern technology, group experience in traveling, blockchain as well as monetary solutions

Weaknesses: Need for even more resources to raise our development price

Opportunities: $400 billion-plus addressable market, old-fashioned systems ripe for interruption by the blockchain and also Web 3, capability to deal with standard traveling markets in addition to upscale more youthful tourists that fit with NFTs and also crypto

Threats: Downturn in the worldwide traveling market, absence of liquidity in various other NFT markets which might affect our second quantities.

What are the traveling discomfort factors you are attempting to reduce from both the consumer and also the market viewpoint?

Travel and also home entertainment are ripe for disturbance by the blockchain; a blockchain reservation option can make it possible for traveling appointments as well as occasion tickets to be tokenized as well as traded firmly and also flawlessly. Hotels invite this service considering that it aids them handle their earnings streams and also address the trouble of high termination prices by developing reservations that can be traded on second markets as opposed to terminated when tourists’ strategies alter.

So you’ve obtained the item, currently just how will you obtain great deals of clients?

LIFE will certainly make use of a network of influencers to generate income from existing on-line site visitor traffic and also produce preliminary resort reservations swiftly as well as with a higher-than-average conversion price. We will certainly supply special resorts and also experiences that will certainly be hard for others to reproduce, as well as at positive rates for our participants. And also our team believe the choice of making the appointments tradable on second markets will certainly be eye-catching to numerous clients, particularly if their strategies transform often.

Tell us what procedure you’ve experienced to develop an authentic requirement for your business as well as the dimension of the addr