Your lifetime pass to Coachella is stuck in NFT hell – Boing Boing

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. ‘Tis the season to show gratitude to friends, family, good times, and the gifts Mother Earth has graciously brought to our tables. (TYSM to her, even though humans have been super ungrateful… 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. Nowadays, keeping our personal information safe is more important than ever. A private phone line from Hushed can hide your actual phone number when signing up for newsletters, online dating, or whenever you need… 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. The holidays are around the corner, and the holidays are a time to show gratitude to others. We’re thankful for you this time of year, so we’re showing our appreciation by… READ THE REST
Read the rules you agree to by using this website in our Terms of Service.
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
Boing Boing uses cookies and analytics trackers, and is supported by advertising, merchandise sales and affiliate links. Read about what we do with the data we gather in our Privacy Policy.
Who will be eaten first? Our forum rules are detailed in the Community Guidelines.
Boing Boing is published under a Creative Commons license except where otherwise noted.

source