- Trip.com announces the discontinuation of its Trekki NFT series as of August 1st.
- The Trekki NFT series is linked with China’s largest travel agency, Ctrip, which acquired Trip.com in 2017.
- Trip.com expressed regret in their announcement but did not rule out the possibility of reviving the project in the future.
Trip.com’s recent announcement about halting its Trekki NFT series has captured significant attention in the crypto community. Dive into the details of this development and its potential implications.
Trip.com Halts Trekki NFT Series Amid Uncertain Prospects
Trip.com, headquartered in Singapore and acquired by Ctrip in 2017, recently disclosed that it will cease operations related to its Trekki NFT series starting August 1st. The Trekki project, which features 10,000 dolphin-themed NFTs, will no longer be active, although the option to utilize these NFTs remains available until July 1, 2025. This decision was highlighted in a formal announcement by Trip.com, emphasizing the unpredictability of future scenarios as a key reason for halting the project.
Implications for NFT Holders and Future Prospects
Trekki NFT owners have the opportunity to stake their assets and benefit from discounts on flight tickets and hotel bookings facilitated by Trip.com’s ecosystem. Despite the project’s cessation, Trip.com has assured that existing NFT benefits will remain accessible until mid-2025, urging NFT owners to utilize their perks before the deadline. Additionally, the project’s Phase 2, which includes community operations and collaborative activities, has been shelved. However, the company reassured users that the Trekki official website will stay operational, allowing access to discount offers and coupons.
According to data from OpenSea, the debut of Trekki NFTs saw a base price of 0.0034 Ethereum (ETH), accumulating a transaction volume of around 556 ETH.
Conclusion
The discontinuation of the Trekki NFT series by Trip.com underscores the volatile nature of the NFT market and the need for adaptability in response to market conditions. While current Trekki NFT holders can still avail of certain benefits until 2025, the project’s halt serves as a reminder of the risk factors inherent in NFT investments. Looking forward, it remains to be seen whether Trip.com will revive the Trekki project or pursue new ventures in the Web3 space.
