Blackbox Collective
Non fungible tokens are starting to become a popular trend right now, so I thought I’d give a quick summary of Blackbox Collective and how their NFT’s break into the world of aviation. Their NFT has a specific utility behind it as it acts as a lifetime membership card to book private jets for you and your friends.
What is Blackbox Collective?
Blackbox Collective is a web3 booking platform that brings together luxury private jet travel to the world of decentralization. It does this by offering an NFT-based membership allowing you and your companions to fly private using cryptocurrency. This membership also allows you to access other amenities hence the name Blackbox Collective; there is more in the box then you think!
How is this all possible, you might be wondering?
Blackbox collective has partnered with the well renowned jet company, Flyexclusive, who have a fleet of 95 jets, to accommodate their members and bring them closer to their mission statement: making private air travel more accessible to the world. This lifetime NFT-based membership is currently priced at 1.95ETH, 75% cheaper than their competitors. Comparing this to other flight companies, this offer is probably the steal of the century, so welcome globetrotters of the future and say hello to your dream destinations.
Who Started Blackbox Collective?
Blackbox Collective was founded by two pilots, Matt and Blake, who attended the same college graduating with a business and aviation degree. They have been in the industry for the last 15 years- Blake being an aviation business owner and Matt being a retired pilot, they’re resume runs quite long working alongside several reputable airlines across the world. Alongside their impressive background and qualifications, they’ve really nurtured their passion in web3 to complement their piloting career by consequently creating Blackbox Collective: the ‘uber’ of air travel.
How does Blackbox Collective reduce travel cost for its users?
This is done in several ways and below I will be going through how Blackbox Collective lower their costs for you to fly privately. When using a jet company to book private flights you’re looking at an $80,000 initiation fee with up to $1500 per month to keep your account active. The unique thing at Blackbox collective is putting the customer first; you only pay when you fly and by wavering the initiation and monthly fees you are in the one in control.
An alternative is ride sharing which will allow yourself and even your friends to coordinate your flights and possibly share flights with other members too. This means splitting the costs and making it easier and cheaper to get to your destination.
Looking at the tokenomics of their native token, $JFTL, they will be airdropping a portion of the launch revenue to reward their early members and to battle supply and demand; the tokens will be burned as they are spent. These tokens can be used to reduce the cost of the flight, or in the long run, used to purchase other products and services that Blackbox Collective have to offer. Next, we have DAO's. With how communities within the web3 space operate, it is only right that a DAO is introduced and at Blackbox Collective. 40% of the initial mint will be directly going into the treasury DAO. Having a DAO means members will be able to vote and even contribute ideas to the team where every voice will be heard equally.
A lot of interesting things are happening at Blackbox Collective and can't wait to see how they revolutionize private air travel. If you want to mint a membership go over to their website at blackboxcollective.io and mint your NFT now!
Extra Great people to follow to keep up with updates and news! @MattRob333 @LucasJuarez97 @Nickatnight_eth @JakexWild