festivalPass, the world’s first live events subscription marketplace, today introduced its Founder NFT with immediate utility and VIP access to quarterly bucket list events. The Festival Family Founders NFT is the first NFT of its kind providing immediate value that grows over time. Only available in this collection and to be never offered again, buyers of the unique NFT receive one of a limited collection of 10,000 Founder NFTs.
Once purchased, the Founder NFT unlocks $1,200 worth of credits on festivalPass every year for as long as they hold the NFT. festivalPass credits can be redeemed for tickets on the platform for over 80,000 live events including concerts, festivals, sporting events, Broadway theater and more. Credits can also be redeemed for hotel room nights at over 600,000 hotels globally.
NFT holders will have access to quarterly bucket list events curated and produced by festivalPass in addition to the immediately unlocked $1,200 of credits. These unique, NFT holder-only events will be once-in-a-lifetime experiences such as popular artists playing small, intimate shows, luxury seating at sporting events with player experiences, and unique culinary events with celebrity chefs not available anywhere else. The only way to attend is by holding a Festival Family NFT.
Festival Family will be sold in a unique way as it will be released in 10 drops of 1,000 NFTs each. The first drop will be sold at the lowest price in order to reward supporters for getting in early. Once the initial 1,000 are sold out, a second drop of 1,000 will be released at a higher price.
Furthermore, each drop will come with its own unique base art representing the unique personalities of live event fans everywhere. The first drop will be the coveted rocker character named Legend. The other nine member characters of the Festival Family will be revealed as each installment is released. Some investors may want to own the whole family, so getting Legend early at the lowest price will be in high demand.
festivalPass is embracing the evolution of entertainment into Web 3. In addition to adopting various blockchain technologies to drive its business, the company shares the philosophical belief that community is the core of any business and should participate in its future. In addition to launching the first ever Lifetime Founder NFT for live events, festivalPass accepts cryptocurrency for subscription and ticket payments.