The organizer of the Coachella music festival in the United States has announced that it will spouse with the FTX.US exchange to release NFT on the Solana network.
According to an announcement published on the evening of February one, the Coachella Music and Arts Festival is anticipated to be held once again in April this 12 months in California (USA) immediately after a lot more than two many years of closure due to the COVID-19 pandemic. launch a series of NFTs that signify VIP rewards and other incentives for participants.
To release this series of NFTs, Coachella partnered with the FTX.US exchange, a new platform that efficiently raised $ 400 million with a valuation of up to $ eight billion, and chose Solana’s blockchain as a platform for the launch of digital content articles. FTX.US is also the operator of FTX NFT, an NFT exchange industry platform that supports each Solana and Ethereum.
A complete of three distinctive NFT collections will be obtainable for sale at Coachella this Friday (February 4th), US time.
– Coachella Keys Collection: Includes ten NFT “keys”, representing the chance to participate in the festival “for life” and other VIP rewards (this kind of as joining a dinner with the artists).
Find your a single-of-a-sort Coachella Key and unlock lifetime festival passes and a single-of-a-sort on-web page experiences for 2022 like stage entry, dinner at the Rose Garden and a lot more.https://t.co/D8v4cD04wc pic.twitter.com/TwrypGH5uw
– Coachella (@coachella) February 1, 2022
Desert Reflections Collection: one thousand NFT, starting up at $ 180, owners can then exchange a copy of Coachella’s photograph guide.
Own the sights and sounds of the desert. Coin a random variety of a single of Coachella’s 10 fan-favourite photograph and soundscape combinations. Redeem the NFT for a bodily artwork print to match.https://t.co/D8v4cD04wc pic.twitter.com/I7Y4JXVRIp
– Coachella (@coachella) February 1, 2022
Sights and Sounds Collection: ten,000 NFT of Coachella artwork, starting up at $ 60.
Commemorate the desert reflections of previous festivals. Coin a random variety of a single of 10 vintage digital posters by @emekstudios. Redeem the NFT for a bodily Coachella photograph guide.https://t.co/D8v4cD04wc pic.twitter.com/abjeLYkAUd
– Coachella (@coachella) February 1, 2022
A portion of the proceeds from the NFT sale will be donated by Coachella organizers to GiveDirectly, Lideres Campesinas and Find Food Bank charities. In addition, in purchase to lessen the affect on the atmosphere, FTX.US also announced the sale and invest in of one hundred,000 tons of carbon credits.
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