NEO EcoFund invests in blockchain-powered hotel booking platform Travala.com
Travala.com, a blockchain-based accommodation booking platform, announced today it will be one of the projects supported by NEO’s EcoFund. Aimed at propelling real-world use-cases, the NEO EcoFund investment will assist in the expansion of Travala.com with funds earmarked towards global growth, marketing, and talent acquisition, with an aim to double the developer team within the next six months.
“With our EcoFund we hope to create a supportive environment, propelling ambitious startups to success. The overall goal here is to provide projects, regardless of their stage, the funding, and support needed to reach their full potential. As we enter a new era of blockchain adoption and given their proven track record of growth, I am confident, not only in Travala.com’s capabilities but their commitment to the future of blockchain while potentially becoming one of the leading online travel platforms.”
– Da Hongfei, Founder of NEO
Saving consumers up to 40% on their hotel stays and with a reach of over 210 countries and territories, Travala.com’s portfolio of over 82,000 destinations, has increased by 2084% in the last six months. Offering a consumer-based application of blockchain technology, Travala.com is able to provide a further-optimized booking platform and an equitable pricing model that benefits both consumers and hotel partners alike. In addition to offering leading cryptocurrency payment methods on its platform, Travala.com also accepts including PayPal, Visa and MasterCard payments.
“The blockchain ecosystem is by far one of the most supportive industries out there. The cross-collaboration, support, and constant encouragement between projects is a true sign of our dedication to the collective goal of mass adoption. With this backing from a trailblazer within the space, we can now focus on hiring technical talent while making moves into our additional target markets.”
– Matthew Luczynski, CEO, and Co-Founder of Travala.com
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