If you think Coachella is a safe place to escape the ever-expanding hordes of high-tech brothers who are chatting endlessly about NTFs, that’s a mistake.
Prior to this year’s festival, the festival announced its own version of today’s most popular products. This is called the Coachella Collectable NFT.
This is a development that seems to require a futuristic vision that is far more tech-savvy than imagined at an event focused on enjoying some good songs and moods, but the Fest He also promises a lot of potential rewards for fest fans.
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But first, what is an NFT?
NFTs are called irreplaceable tokens (as if the giant jumbo in the name could make sense to everyone) and are simply digital tokens that can be bought and sold. However, these tokens can be used to represent physical objects, services, and experiences (basically anything you can buy with real-world money).
Prior to Coachella, the festival partnered with the cryptocurrency exchange FTX to establish its own NFT marketplace. Here, festival attendees can buy NFTs for everything from the festival’s exclusive photo gallery to lifelong festival passes and VIP compound keys. Some NFTs can be purchased at the list price, while others must be bid at auctions that take place over a period of time (some have both a “full purchase” price and a bidding option).
For example, a series of exclusive digital photo bids are currently underway (bids start at $ 10), but a lifetime pass can be fully purchased for $ 1 million (yes, VIP).
Are you curious about dropping the dough after just getting in and blowing the entire festival budget? Well, you can still participate in the Coachella Collectible game.
This is because the festival has announced that all participants in 2022 will be able to claim a free NFT called the InBloom NFT, which offers redeemable upgrades from limited edition merchandise to food and beverage vouchers. Already on Friday, fest participants who have already claimed a free NFT could be seen entering a dedicated entrance lane for those who have an NFT (although the gate does open). When the lane didn’t seem to move faster than the other lanes on the red side (Friday morning).
In Bloom web pages should also be watched carefully by those who claim NFTs.
Random selections of In Bloom NFTs can be redeemed for spectacular perks such as the 2023 Coachella Pass, VIP upgrades, and even the coveted rides on the iconic Ferris wheel.
So how do you access the Festival NFT? The festival provided the following instructions on its website:
1. Download the FTX app and create an account
2.[投資]Click the current icon in the upper right corner of the tab
3. Enter “Coachella-” in the promotion code field and enter the unique wristband code below the festival wristband.It will look like “Coachella-XXXXXX”
4. NFT seeds will be immediately deposited in the NFT wallet
5. Go back to the festival weekend Friday morning to see the flowering flower NFTs.
At the festival, weekend 1 passholders can access the In Bloom NFT, weekend 2 passholders can apply for an NFT now, but until the first day of weekend 2 next week, “flowers” will be available in available versions. Do not seed.
For more information, please visit nft.coachella.com/inbloom.
If anything ultimately bothers NFTS, next year will be a chance to return to the festival for free.
Paul Albani-Burgio covers the latest news and the city of Palm Springs. Follow him on Twitter (@albaniburgiop) and email (paul.albani-burgio@desertsun.com).
