The Coachella Valley Music Arts Festival The pass to the Taste Festival, which sells out quickly, has earned a reputation, followed by the festival’s new NFT products.
Coachella announced on February 1st That it was jumping into an NFT And one of those products sold out within minutes of being launched on Friday morning. And 10 unique NFTs that offer Lifelong Coachella Access as part of the Coachella Key Collection are priced at $ tens of thousands.
Non-fungible tokens, more commonly known as NFTs, are unique digital tokens that can be bought and sold. Many include artwork.
The Desert Reflections collection was limited to 1,000 and sold for $ 180. It consists of 10 digital versions of the festival poster that spans the history of Coachella by artist Emec, and is a photobook “Coachella | Photo: 1999-2019.”
A spot check on the FXT US website showed the Desert Reflections collection sold out by 10:03 am.
The Sights and Sounds collection was limited to 10,000. Each contains a random selection of festival photos and soundscapes from the Empire Polo Club (from 10 selections) that can be redeemed for a physical art print of the photo. The price was $ 60.
At 2:48 pm, Coachella’s Twitter account posted that both the Sights and Sounds collection and the Desert Reflections collection were sold out.
Coachella’s innovative leader, Sam Schoonover, said in an email statement that no further results could be sought.
“For the first time, we introduced thousands of Coachella fans to NFT, and thousands of NFT collectors to Coachella,” says Schoonover.
Spot check FXT website Sounds and Sights collection At 4:00 pm on Friday, we showed that NFTs were offered for $ 67 million to $ 2 million.Desert Reflections Collection $ 550 million to $ 30 million..
Due to the continuous bidding and resale of NFTs, the prices of all collections are expected to fluctuate.
However, there was one group of NFTs bidding on Friday. It’s a collection of 10 unique NFT Coachella keys, including a lifetime Super VIP access to Coachella on one weekend each April. Bid for each key ends at 5 pm on Friday, February 11th. After launch, the bid price for some keys was $ 4,000, but a spot check at 11:05 am on February 4th showed that all keys had already reached $ 25,000.
A few hours later, 4 pm, Coachella NFT Marketplace With a lifetime Coachella Guest Pass, an all-inclusive culinary experience, and private transportation, Infiniti Key bids up to $ 52,500. Another NFT, Key to the Safari, including the festival’s most luxurious camping accommodation, was up to $ 57,500.
Half of the 10 keys, including pre-cooked meals by Kochera Chef, guest pass, private viewing area on most stages, behind-the-scenes complex access, guest golf, and garden dinner keys, are Friday afternoon It was up to $ 26,000 by 4 o’clock. Cart transportation.
If you’re a Coachella fan and plan to attend this year’s festival, but haven’t had the chance to copy an NFT, you’re in luck.
On February 3, the Coachella Twitter account hosted Space using FXT.US. The festival announced that it will offer an on-site activation NFT to everyone attending the festival.
In the email, Schoonover also stated that Coachella plans to release more NFTs this year and next year.
Festival, Headliner Harry Styles, Billie Eilish, Ye (formerly Kanye West), It will be held at the Empire Polo Club in Indio from April 15th to 17th and April 22nd to 24th.
Schoonover’s email said that anyone who bought an NFT could go to Coachella’s. Discord server Learn how to verify ownership, access NFT-specific channels, talk to other collectors, trade, and ask questions.
For more information on Coachella NFT, please visit: nft.coachella.com.