Summary
Coachella Valley Music & Arts Festival will release NFT collectibles for access passes to this year’s event. The first collection, VIP Pass + Oasis Lounge Keepsake, will be released on OpenSea marketplace. Two more collections will follow, offering varying levels of utility and exclusive benefits. Coachella previously collaborated with FTX for NFT passes, but had issues after FTX’s collapse. Coachella is now partnering with OpenSea for a more secure and trusted NFT experience.
Key Points
1. Coachella Valley Music & Arts Festival is releasing NFT collectibles that will serve as access passes to this year’s event in Indio, California in April. This marks the second time Coachella has embraced NFT passes, following a previous collaboration with FTX that ended poorly after the crypto exchange’s collapse.
2. The first collection of NFTs, called The VIP Pass + Oasis Lounge Keepsake, will be released on the OpenSea marketplace starting Tuesday at 1pm ET. These collectibles, minted on the Avalanche blockchain, include a VIP Festival Pass for the event and access to the Oasis Lounge with complimentary drinks and amenities.
3. Coachella will also release two additional collections on OpenSea, with the second collection, the Canvas Welcome Box Keepsake, set to mint on March 25. These NFTs will offer varying levels of utility, including unique merchandise, digital content, and access to the Rose Garden VIP area. Additionally, a third collection with an artist collaboration and exclusive benefits for attendees will arrive in mid-April, with more details expected in late March.