Quick Summary
- FTX as one of the biggest crypto exchanges partnered up with Coachella to issues NFT tickets! The NFTs will be minted on the Solana blockchain because of its low energy consumption.
Non-fungible tokens (NFTs) found a new utility in festivals! It’s been a debate for some time and now it’s becoming a reality. The NFT boom started with artworks and then it slowly started taking over other industries, such as gaming, fashion and music industry!
you might wanna read this: Floki Inu Created Rare Gemstone NFTs
Coachella NFT Tickets
Huge news have been announced just a little while ago. Coachella and FTX.US have formed a strategic collaboration to release NFTs backed by Solana blockchain. Coachella as one of the largest music festivals in the United States is launching NFTs that will offer perks to those who buy them ahead of the highly anticipated 2022 festival. Coachella is launching NFTs with real life benefits that we’ll cover below.
The NFTs will consist of:
- Infinity Keys (10 available): NFTs provide lifetime tickets and VIP passes to Coachella Festival and other perks like front-row views at Coachella State, on-stage access at the Sahara Tent or a celebrity chef dinner in the Rose Garden. Also comes with lifetime access to Coachella produced virtual experiences. Will be auctioned off.
- Desert Reflections (1,000 available): NFT collection features 10 different Coachella Festival posters. The NFT will be redeemable for a photobook of photos from the festival from 1999 to 2019. $180 each.
- Sights and Sounds (10,000 available): Features 1,000 different iconic festival photographs with soundscapes. The NFTs will be redeemable for a print of the photograph. $60 each.
The Coachella Keys Collection marks the first time the festival has ever sold lifetime passes. As mentioned, these NFTs will be minted on the Solana blockchain which is known for its low energy consumption.
“We’ve all seen how NFTs enable true ownership of art and media on the internet. We wanted to take it one step further and use NFTs to enable ownership of experiences in the real world too,” Coachella Innovation Lead Sam Schoonover said.
Coachella 2022 will take place on two separate weekends – April 15 to April 17 and April 22 to April 24. Headline acts for this year’s festival include Harry Styles, Lil Baby, Big Sean, Megan Thee Stallion, Billie Eilish, Doja Cat, Swedish House Mafia and Ye.
Conclusion
NFTs really went mainstream in 2021 and they already disrupt almost every possible industry in the world. It all started with artworks and gaming NFTs, and now the music scene will probably go through a huge adoption of NFTs. However, it’s important that the whole process goes smoothly and customers will be satisfied. We shall see soon how this event turns out.
more to read
Evan Luthra On The Future Of Crypto: Interview
Karafuru – Colorful & Playful NFT Collection
Cultiez – Brand New NFT Collection
NFT Sentiment: positive
NFT World News Social Media: Twitter, Instagram, Telegram, Tiktok, Youtube
sources: benzinga, blockonomi, newsbitcoin
author: Rene Remsik
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
