NEOPIN Teams up With Tripbtoz To Establish Next Generation Web3.0 Travel Platform By CIOTechOutlook Team

NEOPIN Teams up With Tripbtoz To Establish Next Generation Web3.0 Travel Platform

CIOTechOutlook Team | Friday, 07 April 2023, 06:22 IST

A vacation website called Tripbtoz uses user-generated short-form video material as its foundation. Tripbtoz offers features including a "community" for sharing travel films and a "reward system" in the form of "trip currency" in addition to basic travel commerce. Since the platform's inception in 2017, these features have created a beneficial travel cycle that has led to a quick increase in total revenue, monthly active users (MAUs), and user-generated content.

NEOPIN and Tripbtoz decided to work together on a Web3.0 project centred in the Middle East following a thorough discussion. The two made contact as members of the business delegation that accompanied the Korean government's economic summit with the United Arab Emirates (UAE) in January.

This partnership between NEOPIN and Tripbtoz is especially noteworthy because it is the first incubator initiative in which NEOPIN assists a web2 tech business in making the move to the web3. The current travel platform from Tripbtoz will be transformed into a Web3.0 version with assistance from NEOPIN, showcasing the "Travel Web3.0" ecosystem for young travellers to communicate. By signing an MOU with Tripbtoz, the first application of Web3.0 to the natural economy, NEOPIN wants to make the most of its resources to help Tripbtoz succeed globally.

Jake Kim, CEO of NEOPIN, stated, “As NEOPIN participates in the incubation and supports Tripbtoz's Web3.0 translation, we aim to turn the service into a successful Web3.0 travel platform by leveraging both companies’ experiences in blockchain and the travel industry. He also emphasized, “With the greater responsibility that comes from this cooperation, which arose from the connection at the business delegation, we will do our best to ensure high performance.

Jiha Jung, CEO of Tripbtoz, noted, “The travel industry is in a big transition, with lines blurring between the real world and metaverse. We want to create Tripbtoz to excite its customers with high-performing ‘Travel to Earn’ service that is perfectly suitable for Web3.0.” He also added, "The combination of travel and future tech will disrupt the existing ecosystem, eventually creating a new form of industry.”