Coachella, one of the largest annual US music festivals, will be releasing its own NFTs on February 4, as confirmed by its own website. Part of the collection will consist of lifetime VIP tickets to the festival.
The collectibles come as a part of a collaboration with FTX US, who kicked things off by buying 100,000 shares.
Apart from the usual collectibles, posters and photos, the NFTs offer includes lifetime VIP tickets and VIP experiences for the 2022 festival, such as stage access, luxury accommodation, and a dinner with a famous chef from the Rose Garden site.
Coachella's official Twitter account also shared information about a part of the proceeds that will be shared with several charity organizations.
Commemorate the Desert Reflections of festivals past. Mint a random selection of one of ten vintage digital posters by @emekstudios. Redeem the NFT for a physical Coachella photo book.https://t.co/D8v4cD04wc pic.twitter.com/abjeLYkAUd
— Coachella (@coachella) February 1, 2022
The music festival in the desert thus becomes the second festival to offer NFTs after yet another famous US annual event Lollapalooza had offered them in 2021. However, Coachella now holds first place when it comes to offering NFT passes and other special festival perks.