NEW: The coachella music festival, set to return this April after a two-year hiatus, is rolling out a series of NFTs through a deal with FTX. lil_smush reports
The first set, called the Coachella Keys Collection, consists of just 10 tokens, each offering lifetime festival access and other VIP goodies . There’s also the Desert Reflections Collection – 1,000 tokens priced at $180, which buyers can redeem for a physical copy of a Coachella photo book – and the Sights and Sounds Collection, which mostly just gets you the token and audiovisual accompaniment. The Sights and Sounds NFTs are priced at $60 each, and will launch in an edition of 10,000.
“Only blockchain technology can give us the unique ability to offer tradeable lifetime passes to Coachella for the first time ever,” Coachella Innovation Lead Sam Schoonover said in a statement. Coachella – headlined this year by Harry Styles, Billie Eilish and Kanye West – isn’t the first music festival to experiment with crypto. This past year, New York’s Governor’s BallAccording to a press release, an undisclosed portion of the proceeds from Coachella’s NFTs will go to three charities: GiveDirectly, Lideres Campesinas and Find Food Bank.Some of the NFTs unlock on-site perks.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX Nabs $400 Million at $32 Billion Valuation.ftx_app has raked in $400 million during its latest funding round
Read more »
FTX Valuation Hits $32 Billion Following a $400 Million Funding Round: ReportSam Bankman-Fried's crypto exchange FTX has raised another $400 million in a Series C funding round.
Read more »
FTX exchange breaks $32B valuation despite crypto winter fears“I think we’re not entering a long term crypto winter. There have been changes in expectations of interest rates, and that’s been moving crypto markets,” FTX's CEO said.
Read more »
Venture froth catapults FTX to $32 billion valuationFTX has raised a $400 million Series C that values the crypto exchange at $32 billion, less than four months after its last raise.
Read more »
FTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation – Finance Bitcoin NewsThe crypto company’s latest $400 million in financing brings the firm’s post-money valuation to $32 billion.
Read more »