With the death of FTX, Coachella’s nifty NFTs are inaccessible. Folks who bought lifetime passes to the event need to register annually via NFT, so this is yet another very successful demonstration of crypto adding value in the real world.
I guess the lifetime wasn’t for the buyer, but FTX?
Let me point out here that even Ticket Master does a better job.
Web3isgoinggreat:
Coachella partnered with FTX to sell a collection of NFTs in February, ultimately raking in around $1.5 million. The NFTs were paired with physical items—Coachella passes, art prints, and photo books—and the NFT owners had the option to “redeem” their NFT to receive the item. However, all of this was done through FTX, and with FTX no longer fully operational, redemptions are no longer possible. The FTX server storing the artwork for the NFTs was also intermittently available, so holders reported seeing broken images when going to view their NFT.
Ten of the NFTs in the collection came with lifetime passes to Coachella, and sold for six figures. Each year, the NFT holder has to go through the redemption process to obtain their festival pass.
From the outside, 12201 Crewe Street looks like it could be just about any home in North Hollywood. The siding is painted a tannish color that blends in with the concrete walkway and the famished lawn with the pair of palm trees popping out of it. It’s about 2,000 square feet on about 0.2 acres… READ THE REST
Celebrity crypto hawkers beware, the SEC is watching. Kim Kardashian has settled charges relating to her failure to disclose paid relationship as a promotor for a cryptocurrency. The SEC wants celebrities to know they are responsible for reporting how much they are paid to hawk security. SEC: The Securities and Exchange Commission today announced charges… READ THE REST
Ethereum’s blockchain switched successfully this week from using proof of work to validate transactions to using proof of stake. The immediate results: a massive drop in its carbon footprint and a slump in the price of GPUs, the peripherals that can no longer be used crank out crypto (bitcoiners mostly use ASICs nowadays). Justine Calma:… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. There’s always something to be grateful for, and this holiday season, we’re thankful for amazing deals! Now, you can enjoy limited-time price drops on our bestsellers — all released ahead of Black… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. There is always something to be thankful for — and this holiday season, we’re thankful for amazing deals! During our Thankful Deals sale, you can enjoy early Black Friday markdowns on… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. There is always something to be thankful for, and this holiday season, we’re thankful for amazing deals. Ahead of Black Friday, you can enjoy price drops on our top-selling items —… READ THE REST
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