Coachella announces an NFT sale featuring lifetime festival passes and more
include VIP on-site experiences for the 2022 event. The offerings available via these keys will change and expand from year to year at the festival.
“Since each NFT is a permanent record verified on a blockchain, they have the unique capability to securely guarantee their owner permanent rights to IRL experiences too,” Coachella’s Innovation lead. “We think lifetime access to Coachella is a perfect use case for NFTs. These Coachella Keys are digital items that provide real value to their owners over the long term.”Desert Reflections Collection iswill receive one of 10 digital renditions of a Coachella poster from revered poster artist Emek.
Coachella’s NFT marketplace was built by FTX, a US-regulated cryptocurrency exchange. “FTX is a brand that prioritizes innovation without sacrificing accessibility and safety,” says Schoonover. “When considering the jump into NFTs, we wanted to partner with a team that would help us to build new and inventive solutions for our fans, while also enabling us to educate and protect those who may not be familiar with this tech.
Coachella’s NFTs are minted on Solana, a blockchain platform that claims to have one of the lowest energy consumptions in the industry. Schoonover says it was priority for the festival to use such an energy efficient blockchain platform. “Coachella has a large audience of fans and for many of them, this will be their first time interacting with NFTs,” he says.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
You Can Go To Coachella Every Year If You Buy This NFTIt looks like the future — for music festivals, at least — is finally here.
Read more »
Team17 ends MetaWorms NFT project after public backlash - GamepurConsumers and artists continue pushing back against NFTs. Will companies listen?
Read more »
Albums by Speedy Ortiz, Adult Mom, More Appear on NFT Auction Site Without Artists' KnowledgeAs if it weren't already difficult enough to be a musician in 2022, songwriters now apparently have to worry about their songs being sold from underneath them as NFTs.
Read more »
Polygon's OpenSea Active Users Surge by 23% Amid Global Brands' NFT LaunchPolygon's Opensea active users spike 23% after global brands' NFT drop PolygonNFT OpenSeaNFT
Read more »
Solana-Based Edensol Introduces One-Stop NFT Ecosystem: DetailsIntroduced by Golem House team, Edensol is on its way to becoming top-tier NFT-centric game on Solana (SOL)
Read more »
Introducing a New NFT Project Based on Ethereum Creator Vitalik Buterin | HackerNoon'Introducing a New NFT Project Based on Ethereum Creator Vitalik Buterin' nft art
Read more »