Coachella will sell lifetime festival passes as NFTs

Coachella is selling lifetime festival passes for the first time — but you have to buy an NFT to get one. The music festival today launched an NFT marketplace built by FTX, with three collections of NFTs going on sale on February 4th.

That the festival is dipping into the NFT craze is perhaps unsurprising — in November, Coachella parent company AEG renamed the Staples Center the Crypto.com Arena — and other traditional companies have shown there’s plenty of money to be made by attaching physical products and services to digital goods. NFT resales often net profits for the original seller, too, which could be a boon for something as permanent as a lifetime pass.

Scalpers

Can somebody at The Verge pretty fucking please watch this vid and never talk about fucking nft's again?

For the love of god

Gross

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NFTs are just another way for men to gatekeep and mansplain. prove me wrong

So it's just a ticket then. They using nft as a buzzword.

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NFTCommunity NFTs nftart

So you can resell those passes, then? Their terms allow it? Because supposedly the point of it being an NFT is for you to speculate on it, right? Otherwise it's just another shameless company stamping buzzwords on whatever they can

aragunde NFTs that can be redeemed for something real instead of simply resold? Sounds like the first useful ones.

Decent idea actually

Because why not

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