During HITEC 2022 in Orlando, Adam Mogelonsky was a panelist for a session titled, “The Crypto NFT Hotel” which discussed the current state of cryptocurrencies, non-fungible token (NFT) applications for hotels, web3, blockchain, how NFT programs can work with existing hospitality loyalty programs and a bit on the metaverse.

Read the coverage article in Hospitality Technology here. As a 70-minute super session, a lot of ground was covered. What’s critical to remember in all this is that blockchain technology is in a state where email was in the 1990s. Don’t dismiss it outright — give it time!

And critically for web3, consider it in these basic terms:

• Web 1.0 (1990s) = read only internet
• Web 2.0 (2000s and 2010s) = read + write internet (and social media)
• Web 3.0 (2020s onwards) = read + write + own

To learn more about how this can work for your hotel brand and how the technology works, be sure to reach out!