CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Coin Rise 2025-01-06 13:30:53

Jeju Island Eyes NFT Tourist Cards to Attract Younger Generations

Jeju Island, a renowned tourist destination in South Korea, is gearing up to launch non-fungible token (NFT) tourist cards to captivate millennials and Gen Z travelers. Set to roll out in the second half of 2025, these digital cards are part of the island’s broader strategy to integrate blockchain technology into its economy. Blockchain Meets Tourism on Jeju Island According to a report from the Maeil Business Newspaper on Jan. 5, the NFT-linked tourist cards will come with perks such as travel subsidies and discounts at popular tourist attractions. The initiative aims to boost visitation rates among younger demographics, who are often drawn to innovative, tech-savvy experiences. Before the full rollout, a trial phase will assess the program’s feasibility and impact. Officials hope the cards will not only attract new visitors but also encourage repeat trips by offering unique benefits tied to the digital tokens. This is not the first time a government has used Blockchain to drive tourism. Thailand also has a history of embracing cryptocurrencies to attract travelers in the country. A History of Blockchain Innovation In 2021, Jeju Island implemented a blockchain-based COVID-19 contact tracing system, highlighting its openness to leveraging emerging technologies. Discussions about integrating blockchain and NFTs into Jeju’s tourism sector began in earnest in March 2024, as local officials explored potential applications in museums, restaurants, and even the fishing industry. The NFT tourist cards align with a broader national trend of renewed interest in crypto. South Korea witnessed a surge in crypto adoption in late 2024, fueled by positive regulatory developments in the United States. According to Democratic Party Representative Lim Kwang-Hyun, the number of South Korean crypto users rose by 610,000 in November 2024, bringing the total to 15.6 million—roughly 30% of the population. While NFT sales volumes in 2024 reached $8.83 billion, surpassing 2023 figures, the numbers remain far below the record-breaking $23.7 billion seen in 2022. The initiative byJeju Island could provide a major use case for NFTs beyond speculative trading, offering practical benefits to travelers. The post Jeju Island Eyes NFT Tourist Cards to Attract Younger Generations appeared first on TheCoinrise.com .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.