NEO’s EcoFund Invests in Blockchain-Based Hotel Booking Platform, Travala.com

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Committed to crypto’s real-world use this investment will assist in Travala.com’s global expansion

London, United Kingdom––July 11th, 2019––Travala.com, the leading blockchain-based accommodation booking platform, 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.

Commenting on the announcement, Matthew Luczynski, CEO, and Co-Founder of Travala.com said, “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.”

“Over the last six months, we have seen a significant 1542% increase in the number of users on the Travala.com platform. Our priority for the next six months is to double the size of our current team in order to meet the demand in our service, which is exactly what this funding will help us to do,” added Luczynski.

Launched earlier this year, the NEO EcoFund will be available to projects at different phases of their life cycle, from seed phase, through to growth, and maturity. Travala.com, currently in its growth stage, will utilise the funding to further drive its current marketing efforts, expand the team and advance the technology.

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-optimised 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.

“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,” concluded Da Hongfei, Founder of NEO.


About Travala.com:
Offering an average of 15% savings on bookings, Travala.com is the blockchain-based travel agency transforming the future of the online travel industry. With a portfolio of over 567,928 properties across 210 countries and territories, spanning 82,311 destinations, Travala.com leverages on the token economy to deliver a more streamlined booking process and fairer pricing system for consumers and merchants alike.

For more information, visit: https://www.travala.com


About NEO EcoFund:
Founded in 2014 by Da HongFei and Erik Zhang, NEO is an open-source, community-driven platform for decentralized applications. The EcoFund was designed to support the growth of the NEO ecosystem and will provide funding for tech training, project collaborations, community support, and liquidity channel recommendations.

For more information, visit: https://neo.org


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