Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Y’all aren’t going to believe this, but Coachella is doing NFTs again.
In 2022, Coachella sold thousands of NFTs, including 10 digital “lifetime passes.” But it partnered with FTX US, Sam Bankman-Fried’s fall took the tokens with it, and owners were left chasing their promised benefits. Now Bitcoin is back, and Coachella’s trying NFTs again.
Each $1,499 NFT in the initial collection comes with a 2024 VIP Festival Pass and access to an exclusive bar.
Of 1,024 NFTs offered, three have been minted so far.
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