Blockchain-Flight Convergence: Innovative Funding Round Empowers New Revenue Streams

Fly-to-Earn Innovation Soars with $11.5M Spexi Funding Round

In a recent breakthrough, Fly-to-Earn (F2E), a novel incentive model that rewards users for participating in flight activities, has gained significant traction within the cryptocurrency industry. This development comes on the heels of Spexi, a leading standardized ultra-high resolution drone imagery network, securing $11.5 million in a series A funding round led by BlockChange ventures to expand its services globally.

The F2E concept has been heavily influenced by the virtual reality realm, including gaming and simulation industries. For instance, Microsoft Flight Simulator 2024 enables players to earn in-game currency and other virtual rewards by completing missions and flights. Similarly, blockchain-focused companies have incorporated a similar model, allowing users to win different crypto assets led by Polygon (POL) through playing flight-related games.

However, it is the real-world applications that are truly revolutionizing the space. Startups such as Satoshi Airlines, which has developed an F2E app combining air travel with blockchain technology, have taken the concept a step further.

Source: coinpedia.org